Account Opening Fraud Detection & Prevention Solutions
Account Opening: Let Good Customers In, Keep Fraudsters Out
Create easy, safe, and cost-effective customer onboarding with Feedzai’s Account Opening solution.
Say goodbye to frustrated applicants and hello to a smoother account opening experience.
Boost Customer Acquisition
Optimize the path to account approval. Our technology silently checks new applicants for fraud, so you can approve more accounts without slowing down the process.
Make Risk-Based Decisions
Layer controls and pull in third-party data from multiple sources. Our data-driven solution enables dynamic verification processes based on a holistic view of applicant risk.
Reduce Operational Costs
Automatically approve low-risk applicants, freeing your fraud analysts from tedious manual reviews. Focus on high-risk applications, ensuring more accurate decisions while reducing operational costs.
Trusted by global financial leaders
Real World Results: More Good Customers, Less Fraud
74%
Increase in new account approvals
65%
Reduction in fraud
Separate Good Applicants from Risky Ones
Assess applicant risk while reducing unnecessary friction and manual reviews by effectively and easily combining the right third-party data sources such as email, social media, device, behavioral biometrics, telco, blacklists, registries, and more.
Deliver Tailored Experiences
Create a unique experience for each applicant with Feedzai’s risk engine. Use aggregated digital risk assessments and leverage leading trusted AI models to perform in-depth analytics for each applicant at scale, without delays.
Simplify Investigations
Configure investigation workflows with self-service tools to minimize manual reviews and increase efficiency. Define the rules, models, and thresholds to fit your unique risk appetite.
Frequently Asked Questions
How does the account opening solution detect fraud during the onboarding process?
The Feedzai Account Opening solution helps prevent a wide range of fraud threats, including synthetic and stolen identity fraud, bot-driven account creation, onboarding of mule accounts, and provides the ability to maintain strong KYC/KYB controls.
Can Feedzai validate identity documents and biometric data during account opening?
Feedzai does not handle the verification of documents, however the outputs of services such as OCR or similar can be ingested into the Feedzai solution and used with all other available data points to make a single decision regarding the risk of opeining of an account.
What role does machine learning play in identifying suspicious applications?
Machine learning plays a key role in Feedzai’s ability to identify suspicious applications by analyzing all available data from the bank as well as third parties to detect anomalies and any behaviors that indicate fraud. It helps uncover synthetic identities, bot behavior, and mule networks by learning from fraud labels.
How do you balance fraud prevention and a smooth customer onboarding journey?
Balancing risk management with customer experience is key, this is why using machine learning and data orchestration technology such as Feedzai is key to achieving a good outcome. Leveraging the right data and scoring in real time allows you to identify more fraudulent applications and inconvenience less genuine customers.
Does Feedzai help with regulatory onboarding requirements like KYC and CIP?
Feedzai has a dedicated KYC/CDD solution that can be used by customers as part of their compliance control set and can be complemented with a wide range of other solutions that make up the full RiskOps suite such as AML TM, Transaction Fraud, andDigital Trust.
Page printed in July 28, 2025. Plase see https://www.feedzai.com/solutions/account-opening for the latest version.