Losses from application fraud are projected to hit nearly $5 billion by 2024, an alarming number that signals identity controls remain fundamentally broken. As financial institutions struggle to address this pain point – from identity theft and synthetics to mule accounts – the good news is that technology has progressed to enable better detection and better customer experiences.
Join Aite-Novarica Group Strategic Advisor Shirley Inscoe and BioCatch to gain perspectives from leading fraud executives on the impacts of application fraud across channels and what can be done to catch more bad applicants.
Topics to be covered include:
- The distribution of application fraud across channels
- How satisfied fraud executives are with current solutions and where they see vulnerabilities
- Use cases showing how behavioral insights can be used to distinguish between good and bad applicants