As threats of fraud continue to increase, financial institutions need to be adequately prepared to identify and stop fraudulent accounts from being opened. Single-point solutions that leave the digital channel exposed to risk, while also excluding good prospects, are hindering growth for banks nationwide.
Bottomline’s Intelligent Authentication for Account Opening solution empowers financial institutions with the most comprehensive suite of identity verification solutions in the market. Pre-integrated into in the account opening and onboarding platform, Intelligent Authentication combines the benefits of machine learning, applied intelligence, and context-driven analytics, along with anomaly detection checks to create a layered approach reducing fraud by 80% and improving application approval rates by 30%.
Financial Institutions were able to achieve a 30% lift in the auto-acceptance rate with a multi-layered intelligent approach.
White PaperFinancial Institutions’ Marketing Toolkit
With digital marketing constantly evolving, it can be difficult and agonizing for financial institutions to keep up with the demands — especially sorting through today’s assortment of tools and resources. To make it easy, we have done the research and compiled a list of tools and resources to make generating conversions easier.
DatasheetBottomline Digital Account Opening for Consumers
Today’s tech-savvy consumers will be buying from banks that keep applications easy and seamless, so financial institutions need to start making their digital account opening application experience easy for consumers to digest.
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