Acquire more customers in real time with less friction.
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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.
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.
Cost savings due to improved performance compared to current systems
Reduction in false positive rates with the same true positive rate
Increase in new account approvals
Reduction in false alarms with 0% increase in fraud losses
(Results of Feedzai’s Account Opening from top 10 banks)
Feedzai also keeps banks safe from account opening fraud. We’ll show you how Feedzai Account Opening works, in real time.