Originally published in The Paypers
As bad actors never quit their act, Amador Testa of Emailage explains the importance of implementing processes which address the continued rise of synthetic ID fraud.
Recently, I’ve spoke with several customers and other companies who are showing an increased focus on new account application fraud as well as other similar registration processes. A lot of opportunity exists in this segment as more channels and new regulations will lead to a diversification of threats, which many of us are already experiencing.
We are seeing a very clear shift in the market as well, with companies increasingly seeking answers to the digital identity problem.
The big conversation revolves around a single question.
How can companies successfully ID someone, with minimal friction, when opening a new account or making a CNP transaction?
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