Redefining risk: Understanding the convergence of credit and fraud risk

Read how Elevate uses behavioral analytics to detect fraud rings and streamline workflows, resulting in a near-total elimination of fraud losses and decreased operational costs.

Key Results:

• $1-2 million in annual savings from improved fraud detection and operational efficiency
• Real-time detection of fraud attacks
• Fine-tuned applicant flow for different levels of risk without adding friction

With behavioral analytics, Grasshopper Bank supercharges their team’s efficiency through improved top-of-funnel fraud detection and better-informed resource allocation.

Key Results:

• More accurate rejection at top-of-funnel onboarding, drastically reducing manual review costs and API calls
• Streamlined client onboarding through advanced fraud detection tools
• Refined cost-awareness, informing operational spending for the acquisition team as well as fraud team

Fraud risks have held many financial institutions back from committing to real-time money movement, but the danger of indecision could cause hesitant businesses to miss out on billions. We break down the biggest myths around RTMM and how they’re impacting the financial world.

Key Insights:

• 80% of U.S. consumers want to make payments faster and more direct, opening a lucrative opportunity for businesses who offer real-time money movement capabilities
• How FedNow changes the RTMM landscape in the U.S.
• What makes real-time payments more vulnerable to fraud (and how fraud teams can adapt)

Discover key strategies to protect your hiring process from the growing threat of employment fraud. This comprehensive playbook offers:

• Emerging fraud threats in the employment sector.
  
• The role of identity verification in hiring and preemployment.
  
• A checklist to help background screeners enhance identity verification and fraud prevention efforts.