Bright Ideas for Banking

Expanded Predict New Account Risk capabilities from Early Warning® harness shared data to help banks and credit unions fight fraud

A dual citizen recruits a money mule to play with the hearts of many via online dating and swindle more than $5 million. At the point of application, Verify Identity coupled with Verify SSN equips a financial institution with confidence to say that a customer is who they say they are.

An executive at a religious financial institution is tempted to live a double life: empower the customers wanting to find their purpose or steal from the institution that helps them do so. A story of embezzlement, deceit and fraud.

A computer consultant sells his list of more than 700 synthetic identities to two Florida men to steal millions from COVID-19 relief programs. Synthetic identity fraud is the fastest growing financial crime in the U.S. and fraudsters are capitalizing on existing blind spots with traditional fraud risk models. Verify Identity is a new account opening tool built with ID Confidence, a Synthetics Indicator and Verify SSN to help stop bad actors from entering the system.

A Texas car and motorsports entrepreneur orchestrates a scheme to check kite $114 million, fooling investors and his business partner that he’s running a thriving business.

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In 2021, A 74-year-old Washington veteran was sentenced to 25 months in prison for stealing his brother’s identity and collecting his disability checks for more than 30 years. Plot twist: the brother was reported missing in 1989 and what happened to him remains a mystery.