Ridgeland, Miss., July 16, 2025 – Vergent, a complete fintech platform and provider of loan and financial technology solutions, has launched its latest innovation, OmniaVerify. Powered by AI technology, OmniaVerify helps lenders identify potential fraud in digital loan applications while strengthening trust in automated lending.
Quick Intel
- Vergent launches OmniaVerify to detect fraud in digital loan applications.
- AI-powered tool identifies digitally manipulated documents automatically.
- Part of OmniaSuite, supporting origination, servicing, and fraud prevention.
- Addresses 6% fraud rate in unsecured loan applications, per industry research.
- Offers 11x ROI for lenders issuing $200,000+ in loans annually.
- Enhances trust in digital lending by mitigating synthetic identity risks.
Addressing Rising Fraud in Digital Loan Applications
With over 60% of personal loan originations now occurring through digital channels, as reported by the Federal Trade Commission, lenders face increased vulnerabilities to fraud. Industry research indicates that 6% of unsecured loan applications involve suspected fraud, often through digitally generated or manipulated documents, including 5% of identification documents like driver’s licenses and passports altered with generative AI. Vergent’s OmniaVerify, integrated into the comprehensive OmniaSuite, tackles these challenges by leveraging AI to automatically detect fraudulent documents, safeguarding lenders from sophisticated threats.
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Strengthening Automated Lending with AI Technology
OmniaVerify empowers lenders to adopt modern digital lending strategies without compromising security. By identifying digitally altered documents and synthetic identities, the solution mitigates risks that contribute to charge-offs, which account for up to 15% of losses in unsecured lending portfolios. For lenders issuing at least $200,000 in loans annually, OmniaVerify delivers an estimated 11x return on investment, making it a critical tool for enhancing profitability and operational efficiency in the competitive fintech landscape.
Empowering Lenders with Confidence
“OmniaVerify represents the latest way in which we are providing value to our customers,” said Scott Putnam, CEO of Vergent LMS. “We want lenders to be fearless when they commit to improving their lending technology, yet the increase in fraud represents a major barrier for many lenders who need to catch up to the competition. OmniaVerify protects lenders so they can confidently employ the latest lending technology.” This solution enables lenders to embrace automation while maintaining robust fraud prevention, fostering trust in digital lending processes.
Vergent’s launch of OmniaVerify marks a significant advancement in combating fraud within the fintech industry. By integrating AI-driven fraud detection into its OmniaSuite, Vergent equips lenders with the tools needed to navigate the complexities of digital lending, ensuring both security and efficiency in an increasingly digital financial ecosystem.
Ready to protect your portfolio and your profits?
Schedule a demo with our team and see how OmniaVerify Scan can help your organization reduce risk, improve underwriting speed, and boost confidence in every lending decision.
Explore More from Vergent
- OmniaVerify: Identity & Fraud Prevention Discover how OmniaVerify prevents fraud with ID verification, facial matching, and data integrity checks.
- Compliance & Risk Management See how Vergent helps you stay ahead of regulatory scrutiny with built-in compliance tools.
- Loan Origination Software Learn how Vergent automates and optimizes the entire origination process from app to approval.