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

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

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

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

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