Fraud Prevention Strategies for Confident Account Openings

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...

Early Warning Launches Verify Identity
New synthetic identity fraud detection combines predictive scoring with rules-based solutions.
3 Outcomes of a Holistic Approach to New Account Fraud Prevention  

Digital account openings are increasing, with 37% of all checking account applications coming through the digital channel in 2022 according to research by Aite-Novarica. But as the industry is shifting to digital, so are fraudsters. Aite’s research...

Stop Fraudsters Sooner: How to Guard Against Account Opening Fraud
Part 4: Levvel Shares Top Architecture Considerations for Zelle®
Once the receiving financial institution (FI) has validated an incoming Zelle® payment against all applicable velocity, fraud, and account disposition checks, funds will be transferred to the recipient’s banking account.
How Early Warning Works: Helping Financial Institutions Open More Accounts, Mitigate Fraud and Move Money
For over 30 years, Early Warning has been innovating to move banking forward. Learn more about Early Warning and our products work.
Overcome Your Identity Verification Challenges - eBook

Blog originally published December 12, 2022

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Are your identity verification tools keeping up with today’s quickly evolving threats like synthetic identities and helping your financial institution deliver a great applicant experience...

KYC Compliance Requirements: Your Top 10 Questions Answered

It's critical for fraud pros at financial institutions to stay on top of KYC compliance requirements in order to maintain regulatory adherence and keep bad actors out of their system. Here are the top 10 things you need to know about KYC. Whether you...