We take every case of fraud seriously and the idea that Wonga is a 'soft target' for fraudulent activity is another myth surrounding our service.
Wonga developed the world’s first fully-automated lending platform and we assess thousands of data points to make every loan decision. We buy public data from a large number of sources, including the major credit agencies, and validate all applicants using industry-standard practises.
We have processed millions of applications over several years and have used this experience to also develop and evolve our own internal authentication techniques too. We continually monitor the methods fraudsters use to avoid detection and improve our prevention processes to screen out the vast majority of these cases.