Synthetic Identities and Fast-Growing Fraud: How Banks Can Curb the Threat

Deterring fraud doesn’t have to come at the price of a seamless customer experience.

With losses predicted to reach $2.42 billion in 2023, synthetic identities are a growing and costly problem.  

Explore major fraud trends and gain actionable insight into how institutions can take a smooth, friendly and non-intrusive approach to verify identities and protect against fraud while also building consumer trust.  

Key learnings from this white paper include:

  • How institutions can incorporate the power of human intelligence to spot novel fraud. 

  • Shifts in consumer behavior linked to surging fraud and highly publicized breaches 

  • Why fraud prevention should be a continuous improvement process.  

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