FEEDZAI ACCOUNT OPENING

Acquire more customers in real time with less friction.

Download our product sheet to learn more.

HOW FEEDZAI FIGHTS ACCOUNT OPENING FRAUD

Stop friction before it starts. With 70% of applicants saying they would prefer to submit a digital application, but only 48% of financial institutions able to provide the entire checking account application online, there is a clear gap between customer needs and current offerings. By providing customer-centric application processes powered by a powerful machine learning platform purpose-built to fight fraud, Feedzai’s Account Opening is bridging this gap. Make better decisions using Feedzai’s scalable and connected machine learning platform that enables a customer-centric account opening process.

ADVANCED MACHINE LEARNING TOOLS

Build better models more efficiently using Feedzai’s powerful data science tools, such as OpenML and AutoML. Empower fraud analysts to make more informed decisions when reviewing applications through tools like Whitebox Explanations™ and Genome that give better insight into risk ratings.

TAILORED WORKFLOWS BASED ON RISK ASSESSMENT

Reduce customer friction while not compromising security by tailoring application experiences based on risk. Customers experience streamlined, tailored workflows to make the application process as customer-centric as possible. Step-up authentication is only required if it is necessary.

THIRD-PARTY INTEGRATION & ENRICHMENT

Gain insight and access information regarding potential customers by leveraging your own CRM data, and accelerate fraud identification by gaining a more thorough view of the customer from Risk Ledger, Feedzai’s cross-industry consortium data. You decide how to leverage third party data sources — from your own pre-existing API integrations to Feedzai’s partnerships.

DECREASE FRICTION WITHOUT INCREASING FRAUD

Synthetic identity fraud is a growing problem for banks who often aren’t equipped to decipher a fraudulent application from a genuine one. Feedzai’s Account Opening helps banks provide a frictionless application experience while effectively fighting fraud in real time. With Feedzai, banks can increase auto-acceptance rates and drive up account approvals while utilizing best-in-class fraud detection.

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Cost savings due to improved performance compared to current systems

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Reduction in false positive rates with the same true positive rate

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Increase in new account approvals

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Reduction in false alarms with 0% increase in fraud losses

(Results of Feedzai’s Account Opening from top 10 banks)

SEE FEEDZAI IN ACTION

Feedzai also keeps banks safe from account opening fraud. We’ll show you how Feedzai Account Opening works, in real time.

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Product Sheet


Download this product sheet to learn about how Feedzai fights Account Opening Fraud

Case Study


Download the full case study to learn more

Webinar


View this on-demand webinar from Feedzai and Aite Group about combating account takeover and application fraud using Machine Learning Analytics
Contact us for a live demo.