Account opening continues to transition from physical to digital channels, which means financial institutions and other organizations must optimize the digital experience in order to compete. At the same time, fraud is on the rise because of the same benefits enjoyed by consumers: convenience, speed, and ease of use.
To achieve the balance between preventing fraud and providing a positive user experience, an identity proofing strategy accounting for the channel, product, customer, and threat environment is absolutely critical.
Download this whitepaper to learn about:
- Vulnerabilities that are inherent in traditional identity verification;
- The role applicant behavior plays in identity proofing and managing application fraud risks;
- Understanding how digital technology across different products and services are impacted.