APO Hero
Acquire new customers, not fraud

Ensure every new application is genuine—no roadblocks for real customers, no openings for fraudsters. Eliminate threats, accelerate trust, and protect your success. 

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Shield your business from stolen and fake data

Financial institutions must distinguish between real customers and fraudsters—instantly and accurately. Cybercriminals use stolen credentials, bots, and other tactics to create new accounts under someone else’s name. The challenge isn’t just stopping fraud—it’s doing so without disrupting the experience for genuine applicants, or risk losing them to frustration and abandoned applications. As fraud tactics evolve in volume and complexity, the need for seamless, intelligent protection has never been greater.

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Account opening fraud
in the time of
digital banking

Digital banking account openings present a serious risk—both to financial institutions and to individuals whose identities are stolen. The challenge? Creating a seamless application process for real customers while stopping fraudsters in their tracks. Without the right protections in place, financial losses, increased exposure to risk, and reputational damage are inevitable. BioCatch’s Account Opening Protection delivers real-time security, leveraging behavioral intelligence to detect and prevent fraudulent account creation. Secure your institution, protect your customers, and remain ahead of the constant barrage of growing fraud tactics.

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The scale of the Account Opening problem

52 %

New account fraud happens at the same financial institution as the victim’s genuine account

85 %

Financial institutions that experience fraud in the account opening process

50 %

New deposit account applications being opened by bots

60 %

Reduction in new account fraud when embracing enhanced controls including behavioral intelligence

Explore BioCatch Connect
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Application fluency

Cybercriminals are familiar with the application form. They navigate the website quickly to fill out mandatory fields without thought.

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Expert user patterns

Cybercriminals display advanced computer skills, using control shortcuts such as tabs between fields and function keys.

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Low data familiarity

Cybercriminals will not be familiar with customer-unique data, and the cadence for data entry will not match.

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Bot activity detection

Cybercriminals will oftentimes use bots to speed the application process; however, bots cannot replicate human behavior.

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Age analysis

Cybercriminals cannot easily adapt to a typing cadence and pattern that aligns with a customer’s age.

Additional account opening
use cases

Identity fraud

Identity theft causes significant financial losses and damages customer trust. The rise in digital transactions amplifies these risks significantly. Prioritizing fraud protection measures, including behavioral intelligence, is paramount to protecting customer assets and confidence while maintaining the organization's reputation. 

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Automated software (bot) fraud

Bot financial fraud poses significant risks to both individuals and organizations, including financial loss, damage to reputation, and potential legal complications. Preventing it requires strong fraud protection capabilities that go beyond credential, device, and network analysis. 

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Request an intelligence briefing

Join us for a 30-minute deep dive with a BioCatch expert to learn the latest tactics, techniques, and procedures (TTPs) fraudsters use to scam your customers and harm your brand.

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