Account Opening: Fighting Fraud and Friction

Up to 90% of new account applications are abandoned before completion.

Why? Because onboarding and activation processes are often clunky at best, making frustrated applicants walk away.

Today’s consumers expect frictionless online experiences for every transaction – even as fraud schemes grow in complexity. To survive in the digital age, banks need to embrace intelligent tools that enable seamless consumer experiences and help them efficiently acquire new, legitimate applicants. Account opening capabilities powered by machine learning allow banks to easily exceed customer expectations and decrease friction without increasing risk.

Download this eBook to learn how to:

• Troubleshoot your account opening challenges
• Increase customer acquisition with tailored workflows, customizing the account opening process based on risk assessment
• Use machine learning to onboard the right customers with operational efficiency