Each banks and fintechs need onboarding new prospects to be safe, easy and quick.
However there’s a delicate steadiness. Make the method too simple, and you can undergo severe fraud losses. Make it too difficult, and good new prospects will go elsewhere.
Be a part of Peter Renton and our consultants as they element precisely how one can steadiness these two opposing forces. It’s certainly potential to onboard new accounts in a method that maximizes conversions whereas on the similar time minimizing fraud losses.
Matters embody:
How one can section and detect dangerous telephone numbers, no matter it seems to be like
How one can stop and block fraudsters earlier than they enter your system
How one can convert extra good customers by including verifications solely when obligatory
How one can assess the true id and riskiness of telephone numbers at account opening