Fraud Strategies For The New Digital Banking Paradigm
The pandemic has forever changed the way consumers live, work, and transact. Consumers are increasingly expecting seamless digital experiences as they navigate access to goods and services online.
As the nation has adopted a new normal, banks and Fintechs are embracing a digital-first strategy. To meet revenue targets, they must continuously innovate to serve greater numbers of consumers via online and mobile channels with a friction-free user experience with an ever expanding set of flexible, affordable services.
Yet digital acceleration also raises vulnerabilities for fraud. Banks and Fintechs must balance the growing expectations for innovation and growth with the need to manage the correlated increase in fraud attacks.
Join experts from Aite-Novarica Group, MVB Bank, and Socure, as they share insights on how to streamline customer onboarding while protecting against fraudulent activity.
Key Takeaways
- Current fraud trends and the impact on banks and Fintechs as well as consumers
- Emerging fraud strategies, technologies, tools and key considerations for benefitting from them
- Advantages of a holistic approach to digital identity verification and fraud prevention