Digital bank account openings have soared since 2020 when the COVID-19 pandemic forced us to transition many of our in-person activities to online interactions. But as digital account opening options have become widely available, fraudsters have developed new ways to exploit them.
Synthetic identity fraud is now the fastest growing financial crime in the U.S., and fraudsters are capitalizing on existing blind spots with traditional fraud risk models – so much so that 50% of financial services fraud executives cite it as a top concern according to research by Datos Insights.
Loss and fraud leaders at financial institutions (FIs), businesses and government entities must ensure the digital application processes they have in place can better detect misrepresented and synthetic identities and predict the likelihood of first-party account abuse and returned items.
Watch the webinar, co-hosted by industry experts from Early Warning® and Nacha, to learn:
This webinar is approved for AAP renewal credit by Nacha.
Offered Free by: Early Warning
See All Resources from: Early Warning
This download should complete shortly. If the resource doesn't automatically download, please, click here.