Half of the Thai participants in a study released by Fico, a leading global provider of analytics software, believe it's okay to exaggerate income on loan applications and insurance claims.
The consumer fraud survey explored preferences and attitudes towards fraud checks, revealing that half of Thai respondents were willing to commit fraud to obtain a loan or while filing an insurance claim.
However, the study also highlighted that financial institutions could generate increased revenue and drive sales using a successful fraud protection function.
