How FIs can combat synthetic accounts
The Buzz on Bank Automation News
English - January 10, 2023 18:21 - 12 minutes - 7.36 MB - ★★★★ - 3 ratingsBusiness fintech technology investing banking lending venture capital Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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Synthetic identity fraud remains a constant challenge for banks, with a growing number of fraudsters attacking demand deposit accounts since the onset of the COVID-19 pandemic. In fact, one in three accounts within fintech and retail banking are synthetic, Mike Cook, vice president of commercialization – fraud solutions at identify verification fintech Socure, tells Bank Automation News in this episode of “The Buzz” podcast.