Lunch & Learn: Unlocking the Future of Account Opening- Beyond the Four Standard Data Elements

As the financial and banking industries have gone digital, customers’ have come to expect a smooth, seamless, friction-free onboarding experience. Account onboarding thus is a critical step for any FI, but especially crucial for sponsor banks and their fintech partners.

Fraudsters know this all too well, which is why account onboarding is a popular target for them to slip past fraud defenses and infiltrate, masquerading as good users. They leverage modern tools and advanced AI to take advantage of gaps in oversight during the onboarding process. The key to finding them while preserving a customer-friendly experience comes down to using your data the right way.

Watch DataVisor VP of BaaS & BSA Brenda Banks in the first ever DataVisor Lunch & Learn, where she will help you:

• Gain insights into the limitations of traditional account opening data elements.
• Implement a customer-centric view that both maximizes user experience and mitigates fraudster signups.
• Leverage transaction monitoring and fraud prevention by enabling continuous customer risk screening and risk rating.
• Learn how to apply machine learning and AI technologies to detect and prevent fraud.