Application fraud prevention is getting a lot of attention from banks and credit unions. For good reason.

Account opening processes are speeding up, much to the delight of consumers. But faster application processes are also driving a notable rise...

The methodology and the technology that banks use to screen and validate new account applicants should have a dual purpose

Got questions about KYC compliance requirements? Consider this your crash course! In this brief but informative post, you’ll learn everything you ever wanted to know about KYC but were afraid to ask. Ready? Let’s go!

1. What does KYC stand for?

KYC...

The right outfit. A firm handshake. A beaming smile. In life, first impressions matter. While studies don’t agree on the exact number, you have roughly 30 seconds to impress someone you’ve just met. You may have a little more than a few seconds in...

FIs must use new techniques to ensure they know who they are dealing with in the online and mobile channels. 
In a recently published study, over 40% of FIs in every category with the exception of the largest FIs already offer some type of second chance account.
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.

New account openings are skyrocketing. Digital banking processes are becoming the norm. And application fraud is wreaking havoc on banks and credit unions.

As the industry landscape continues to shift, fraudsters are successfully exploiting...

The term “Digital Identity” has been popularized to link a consumer to his or her transactions online.