Digital banking has become the single most effective channel for financial institutions to drive growth, increase revenue and attract new customers. Yet, it also introduces more risk, and cybercriminals are following the money right into the online account opening process.
Today, a staggering 85% of financial institutions experience fraud in the account opening process5, a problem that is increasingly difficult to detect when there is no prior profile or relationship with the customer. So how can you trust a customer you have never seen before?
Access the white paper to reveal:
- The top emerging security risks in the account opening process
- How current weaknesses in technology and business process are leaving blind spots
- New approaches to managing fraud that are getting results