In a recently published study, over 40% of FIs in every category with the exception of the largest FIs already offer some type of second chance account.
The methodology and the technology that banks use to screen and validate new account applicants should have a dual purpose
Opportunities for new account fraud are further exacerbated by the growing number of digital-native millennials, or consumers that prefer to conduct commerce in the online and mobile channels.
With an estimated 5 million checks per week being distributed to taxpayers, here are a few things to keep in mind.
Early Warning has earned the top spot as a Digital Identity Provider in PYMNTS.com July 2016 edition of its Digital Identity TrackerTM"

New account openings are skyrocketing. Digital banking processes are becoming the norm. And application fraud is wreaking havoc on banks and credit unions.

As the industry landscape continues to shift, fraudsters are successfully exploiting...

FIs must use new techniques to ensure they know who they are dealing with in the online and mobile channels. 
The term “Digital Identity” has been popularized to link a consumer to his or her transactions online.
By 2020, application fraud losses related to demand deposit accounts are projected to exceed US$636 million, a costly problem indeed.

The right outfit. A firm handshake. A beaming smile. In life, first impressions matter. While studies don’t agree on the exact number, you have roughly 30 seconds to impress someone you’ve just met. You may have a little more than a few seconds in...