This blog was originally published 5/22/2024 and has been updated

Consumer demand for fast and easy banking processes has never been higher. Whether customers are opening new accounts, making digital payments, or applying for credit, financial...

Banks that are elevating customer experience are making it easier to open accounts, transfer money, and make digital payments that are contactless — all while keeping fraud at bay.

During the COVID-19 pandemic, stimulus fraud was rampant.  Now, building on the success of pandemic-driven tactics, fraudsters are turning their attention to new account openings.   

As account openings surge and application processes continue to move...