Sophistication in technology brings continuously evolving fraud schemes to the industry. Financial institutions with traditional fraud practices find themselves struggling to keep up. Today’s FIs have a tall order: not only are they tasked with enhancing customer experiences while maintaining regulatory requirements, but also with reducing costs associated with fraud and proving themselves as innovators. Yet, current incidents of new account, account takeover and synthetic identity fraud are expanding at a rate of 100%+.
Hear how Financial Institutions can use proactive processes to identify fraud, reduce false positives and properly assign collections. Watch the webinar on-demand as we discuss growing fraud trends and emerging tactics to help you optimize and win against fraud.
For more on how you can combat against fraud, visit our Luminate page today.