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Just 25 years ago, credit executives were primarily concerned with financial risks — except of course for the Y2K bug that briefly stole the spotlight. Delinquency risk and the risk of default were the primary focus. Do you need help assessing customer credit risks? Ensure the account meets your cybersecurity requirements.
From marketing automation to cybersecurity to customer support, businesses are applying automation in a variety of creative ways. Credit check and risk analyses, which offer a concrete way to determine which clients are most at risk of defaulting on payment terms. Accounts receivable is no exception.
Cybersecurity Risks As digital lending platforms have become more common, they have also become more visible as targets for cybercriminals to attack. The rapid growth of digital lending has also led to the inclusion of higher-risk borrowers, potentially increasing default rates.
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