Keep Fraudsters Out and Let Good Customers In
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Stop Fraudsters From Opening Bank Accounts With Synthetic IDs
Banks need customers to succeed and to survive. But new account fraud can harm revenues for banks, financial services firms, and payment service providers while negatively impacting the onboarding process for legitimate customers who want to open new accounts.
A new survey by Feedzai and Chartis Research sheds light on the critical challenges banks face when onboarding new customers where there is no past history. In this on-demand webinar, Feedzai’s Dan Holmes and Chartis’ research director Nick Vitchev discuss the report’s findings. Learn more about:
- Common types of new account fraud, including key differences across regions
- Why it’s important for financial institutions to move beyond point solutions and implement a single platform that incorporates behavioral biometrics
- The financial fallout of new account fraud, including revenue lost due to customer abandonment due to onboarding friction
Watch the webinar!