PRODUCTS / ACCOUNTS
Predict New Account Risk
1
Confidently Expand Your Customer Base

Approve more new accounts while protecting against fraud losses—with deep predictive intelligence. 

HOW IT WORKS
submit information icon

Step 1: A consumer completes and submits your institution’s digital new account application. 

Real time icon

Step 2: Using data contributed by thousands of financial institutions, Early Warning runs proprietary algorithms to:

  • Determine applicant’s risk of default due to first-party fraud or account mismanagement 
  • Compile a summary of attributes that offer a clear view into applicant’s deposit account history and behavior 
Process data icon

Step 3: Early Warning provides you with predictive intelligence that moves beyond binary (yes/no) input, including:

  • First-party fraud scores 
  • Account default scores
  • Summarized attributes 
Identity verification icon

Step 4: You use the scores and attributes as part of your account opening strategy to make more knowledgeable approval decisions.

  • Open more accounts, tailoring applicant’s account privileges to align with your risk threshold 
  • Protect against new account losses by understanding the likelihood of first-party fraud or default in the first nine months 
  • Balance risk, efficiency and compliance, using scores and attributes in a manner that supports your account opening strategy 
  • Improve financial inclusion by confidently opening your doors to a wider population of consumers 
THE EARLY WARNING ADVANTAGE
  • Robust data: Early Warning is the Trusted Custodian® of the National Shared DatabaseSM Resource—which contains a rich set of deposit performance data contributed by thousands of financial institutions on a recurring basis, ensuring our information is always up to date.
  • Scalable technology: Grow at your own pace! Access our capability bundles through a single API (application programing interface). Implement once—and quickly deploy additional capabilities in a snap. 
  • Rich analytics: Look beyond a single match to a negative data point—and make more informed decisions, in context. Our risk assessment algorithms incorporate comprehensive, cross-institution data sets, adding depth and perspective to insights. 
  • Proven track record: Take advantage of Early Warning’s 30 years of experience to enhance your existing new account opening and risk mitigation process or use our holistic bundles end-to-end. e advantage of Early Warning’s 30 years of experience to enhance your existing new account opening and risk mitigation process or use our holistic bundles end-to-end. 
Download Product Brief

Let’s talk about how you can expand your customer base with confidence. 

By clicking the request information button below, you agree that the information you have provided is subject to our Privacy Notice. You also agree to receive the communications you have requested (including marketing communications). 

More About Accounts
People discussing finances
Blog Article
New Pathways for Financial Inclusion in Lending
In the United States today, tens of millions of people face barriers to participation in the financial system - either hard barriers (inability to get an account) or soft barriers (higher fees). Disproportionately, this pervasive issue impacts the historically underserved populations. What are financial institutions and credit agencies doing to increase financial inclusion?
READ MORE