Ekata's Products
Account Opening API
Onboard more customers with higher confidence and lower friction
Ekata’s Account Opening API elevates your customer onboarding experience. Increase conversions by confidently identifying customers, reducing unnecessary friction and simultaneously eliminating fraud.
To discover how the Account Opening API improves your customer onboarding strategy, contact us for a demonstration.
How it Works
Provide application details (of up to 13 inputs, 1 required) and receive critical insights to help you confidently assess the risk of your customer around the world.
Network Signals
Returns three proprietary signals to assess the riskiness of the location address (IP last seen), the phone (phone last seen), and the combination of the phone and email provided (phone email first seen).
Enriched Phone Metadata
Gain insight into the line type of the phone number, the phone carrier, and country code, which can all often be a strong indicator for fraud.
IP Distance from Address Calculations
Gauge the distance between your customer’s IP and their provided addresses.
Risk Flags and Scores
Leverage model-derived predictions – Identity Risk Score, Identity Network Score, and IP Risk Score and Flag – in your risk models to assess the riskiness of the application.
Match Statuses to Name
Confirm that the email, phone, and address information provided in the application are associated with the customer name.
Account Opening API Solves For
Reduce Application Abandonment
Confident identity verification reduces unnecessary friction with the flexibility to tailor a more efficient workflow for your applicants while ensuring identity accuracy.
Validate New Accounts
Synthetic identities and stolen identities are just some of the methods used to create illegitimate identities for account creation. Ekata’s Account Opening API detects these fraudsters before they can set up an account.
Prevent Credit Bust-Out
Take proactive measures to stop bad actors from establishing a presence and manipulating their accounts before it happens.
Key Benefits
Make Decisions with Confidence
Ekata’s Network and Identity Risk Scores provide the confidence to convert customers faster with less friction, driving revenue.
Ensure Flexibility
Flexibility to support massive, sustained query-per-second volume requirements while reliably retaining low latencies.
Validate Each Data Point
Evaluate the authenticity of user input details such as email, phone, address provided by the applicant.
Detect Active and Passive Activities
Track and identify recent activity to determine the riskiness of data elements, based on when they were last seen.
Resources: ebook
Synthetic Identity Theft: A Fast-Growing Crime That Threatens Every Business
In this eBook, learn why synthetic identities can be difficult to detect, how fraudsters use this tactic to exploit various types of businesses, and what best practices you can take to battle synthetic identity theft.
Resources: Interactive Visualization
Explore the Data: Verifying Global Identities at Scale
In this interactive data visualization, learn how our core technology, the Ekata Identity Engine, combines unique data with sophisticated machine learning to provide you valuable insights to help you improve confidence in your fraud analysis.
Contact an Expert
See how the Account Opening API can increase revenue for your business. Contact us for a demo.