Magnifying glass looking at code and phones
Top three elevate customer relationships ways to while keeping fraudsters out

Annual application fraud losses have risen from $1.4 billion in 2015 to $2.5 billion in 2019 (both DDA and credit card accounts) and are projected to reach more than $4 billion by 20231

In the past year, the driving narrative for financial institutions (FIs) of all sizes has been the increased utilization of digital banking services resulting from the pandemic. With today’s increasing fraud rates, FIs need to keep pace with the evolving landscape by updating their fraud mitigation tools to keep up with faster money movement, online account opening fraud and increasing check fraud. By verifying account information, identifying high-risk payments in real-time and making funds available as quickly as possible, FIs can build trust and elevate their relationship with their customers.

Watch on-demand as experts discuss the evolving fraud landscape and top ways financial institutions can reduce risk while also elevating customer relationships.

During this discussion, you’ll learn:

  • The types of application fraud and how it diverts funds and attention away from reducing risk
  • How to keep up with online account opening fraud, increasing check fraud and faster money movement
  • Best practices to reduce fraud and increase trust with customers


1Application fraud: Trend Analysis and Mitigation Challenges. Aite Group, November 2020.

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Picture this: a fraudster writes a check for $5,000 from his account at a credit union and walks over to his local branch of a nationwide bank, depositing the check by scanning it in at the ATM. It’s a large check, so the bank

An infographic with icons in blue tones and red accents showcases Early Warning’s National Shared DatabaseSM resource in the middle with an icon made up of three stacked rectangles with dots it them. The 4 Vs of big data analytics in banking surround it: “Volume” in the top left corner shows two stacked cylinders with the right one being taller ; “Velocity” in the top right corner has a stopwatch icon with an arrow that gives it a sense of motion; “Value” in the bottom left corner shows an outstretched hand

When it comes to mitigating risk, reducing fraud and reaching growth goals, Early Warning® enables banks and credit unions to leverage big data analytics through a “give-to-get” model with the National Shared DatabaseSM resource.