New Account Fraud Solution

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The online account creation process can either initiate a lifelong relationship with a legitimate customer and their financial institution. On the other hand, it can also give criminals an opening to create fake accounts, commit money mule activity, exploit promotional offers, or abuse financial services.

Fraudsters use stolen personally identifiable information (PII) (e.g., social security numbers, credit cards, and social media data), synthetic identity fraud, and bots to commit new account frauds digitally. Too often, new account fraud can go undetected for months after account creation – leading to serious financial losses for banks.

Download our solution sheet to learn how Feedzai’s New Account Fraud solution:

  • Identifies fraudulent applications
  • Streamlines the digital account opening process
  • Improves operational efficiency and save costs

Uncover Your Hidden Fraud Risk

and Save Money

Don’t let outdated, legacy fraud detection solutions cost you.
Most systems are blind to the subtle patterns and emerging threats that cost businesses millions, but Feedzai goes deeper.

We’ve successfully replaced every major provider, reducing fraud losses each time. Schedule a free risk assessment, and we’ll uncover hidden vulnerabilities in your current defenses, revealing the true cost of fraud to your business.

Schedule Risk Assessment

Page printed in December 30, 2024. Plase see https://www.feedzai.com/resource/new-account-fraud-solution for the latest version.