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U.S. Financial Firms Now Lose $5.47 For Every $1 Of Fraud
AI is driving an increase in the cost of fraud for financial institutions to record levels. According to the LexisNexis True Cost of Fraud Study 2026 North America: Financial Services and Lending, every $1 of fraud now costs US financial services firms $5.47, up from $4.00 in 2021. US lending firms incur $4.84, while financial services and lending firms in Canada incur $4.09 and $3.89, respectively. Organizations estimate AI generated techniques contribute to about one fifth of fraud losses.
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The 2026 Lending Luminary Award Winners Are …
A luminary is defined as “a person who inspires or influences others.” And that type of person is exactly who we are honoring. The 2026 Winners Are …
The 2026 AI Pioneer Award Winners Are …
PROGRESS in Lending has launched the first ever AI Award dedicated to lending. The 2026 AI Pioneer Award winners in alphabetical order are …
Are You An Industry Thought Leader? Now Is Your Chance To Get Recognized
If you or someone you know is a bold, creative thought leader that has new ideas about how to improve our space, we think they deserve to be rewarded. APPLY FOR THIS AWARD TODAY!
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Future AI Trends
This edition of our magazine tackles pressing issues such as …
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Industry Concerns
This issue of our newspaper tackles pressing issues such as …
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Podcast: The Impact Of Data On Verification Automation
Welcome to the Lending Buzz, the podcast that gives you the latest news, trends, insights and strategies to help you grow your business. Check it out …
