Prevent Stolen & Synthetic Identity Fraud—Reduce Manual Review & User Friction
The New Account Challenge: Prevent Fraud, Reduce Costs and Friction
Prevent Stolen & Synthetic Identity Fraud—Reduce Manual Review & User Friction
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Synthetic and stolen identity fraud are big problems for banks, fintechs, and other regulated businesses, costing banks $20B in 2020 alone, per the ABA Banking Journal.
Companies spend billions more every year on identity access management and other fraud prevention solutions, but fraud and friction remain expensive, frustrating problems. It doesn’t have to be this way.
Deduce continuously correlates and analyzes digital and physical activity for more than 660M U.S. digital identities to close the gaps in legacy fraud prevention stacks. Deduce sees 89% of new customers before they reach a site or app—43% within hours.
In this Solution Brief, you’ll learn how Deduce customers are getting these results:
- Up to 350% less identity fraud
- 200% fewer step-up and manual review calls
- 10% more order approvals
See how the award-winning Deduce Identity Insights solution helps regulated businesses streamline their new account creation experience, prevent more fraud, and avoid more false declines.
About Deduce
Deduce sees 89% of new and returning customers before they arrive at your website or app— 43% within just hours—to incrementally capture more fraud, streamline new account opening, and improve order approval rates for legitimate customers. Deduce has built the largest online Identity Graph for cyber risk and fraud, continuously capturing activity data on more than 660M profiles engaged in more than 1.5B daily interactions across more than 150K websites and apps—a scale unmatched in the market.
Deduce earned the #1 spot in Security among Fast Company’s World’s 50 Most Innovative Companies 2022. As the most awarded company in identity security, Deduce’s other recent honors include the 2022 CISO Choice Award for Fraud Prevention, Cyber Defense Magazine’s 2022 Global Infosec Awards, and the 2021 Edison Awards. Learn more at deduce.com.