The rise of New Account Fraud and how to halt it

Presented by

Tim Ayling - EMEA Sales VP

About this talk

Online banking must ensure that the onboarding process for new customers is as quick and simple as possible. Afterall, if applications are complicated to complete, prospective customers will give up and look elsewhere. However, by making this process easy for customers, banks could also be leaving the door open to fraudsters who are increasingly using stolen or synthetic identities to open multiple accounts and borrow as much money as they can. In this webinar, we’ll take a look at the rising challenge of New Account Fraud and explain the role Behavioral Biometrics plays in stopping fraudsters before they can do any real damage.

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Revelock enables financial services and fintech companies to reveal and respond to online identity impersonation & manipulation attacks without hindering the customer experience. The Revelock Fraud Detection & Response (FDR) Platform combines behavioral biometrics, network and device assessment with hybrid AI and Deep Learning to create a BionicID™ which enables banks and other financial services providers to ‘Know Your User’ (KYU), spot bad actors and mitigate risk regardless of the type of attack.