How to approve more good customers

Your guide to using multiple data sources for identity verification

The shift towards digital is making the growth in online account openings bittersweet; the potential for more customers is contrasted with the increase in operational costs to perform manual reviews and the potential for new ways to perpetrate fraud. So, what's the best way to remain compliant and efficient, while increasing the number of online account openings? Utilizing multiple specialized data solutions in your identity verification process.

In this ebook, we will explore:

  • The definitions and the requirements for each stage of identity verification
  • Different types of data source functionality for onboarding and ongoing transactions including advances or new functionality
  • Why it's crucial for your Financial Institution to use multiple data providers in your identity verification to mitigate fraud

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