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Tackling fraud in new and existing customers

Watch this on demand webinar with Alloy, Ekata and more & learn the latest strategies for fraud prevention for fintechs in banks to stay secure and build trust.

In an era of increasing identity fraud and financial crime, it is important for fintechs and banks to prioritize risk mitigation while ensuring a seamless customer experience.

A staggering 70% of financial institutions reported losses exceeding £400K due to fraud in 2022. To combat this growing threat, fraud and identity leaders must embrace the adoption of dynamic identity verification and risk decisioning processes.

By leveraging these advanced techniques, organizations can enhance their onboarding procedures and perpetually monitor Know Your Customer (KYC) compliance, thereby staying one step ahead of fraudsters.

On May 31, 2023, experts from Alloy, TransUnion, ComplyAdvantage, and Ekata, a Mastercard company, discussed the following:

  • The most prominent fraud types experienced by financial institutions in the EU, UK, and US in 2022
  • Using enriched data to support better Standard Due Diligence (SDD) and Enhanced Due Diligence (EDD)
  • Commercial benefits from using smarter compliance and financial crime controls whilst maximizing conversion
  • The most concerning fraud and identity threats on the horizon

Watch this on-demand webinar by clicking here.

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