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AI helps fraudsters perpetrate ‘zombie business’ schemes

Lenders should integrate AI into loan review process to flag suspicious documents

Yael KatzwerbyYael Katzwer
June 23, 2026
in Risk & Security
Reading Time: 3 mins read
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Bad actors are increasingly using AI to create fraudulent documents when applying for business loans, and lenders must implement multilayer checks and technology to root out rotten applications. “AI has had a profound impact on just making things look a whole lot more real,” Patrick Lord, director of operations at online financial services company Rapid […]

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