Acquire new customers, not fraudulent accounts.

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

Stop fraudulent
Account Opening

Whether it's a bot probing for vulnerabilities or a human fraudster wielding stolen user data, banks today face a constant barrage of increasingly sophisticated and innovative account opening (AO) attacks. BioCatch’s Account Opening Protection utilizes real-time behavioral intelligence to stop criminals from opening accounts and establishing footholds through which to launder future funds.

Behavior as your bouncer.

Together with our customers, BioCatch continues to prevent fraudulent account opening without impacting customer experience, meaning more genuine new accounts and an increase in bank revenue with lower operational costs.

100M

scam payments prevented in 2024 by one U.S. regional bank

85%

decline in fraud attempts at a leading European bank

70%

reduction in fraud losses ($30 million AUD per year) at a leading Australian bank

70%

reduction in fraud losses (more than $4 million/year) at a top-10 bank in Latin America

Know the difference
between real and fake

Subtle behavioral signals play a vital role in helping detect account opening fraud. BioCatch's Account Opening Protection solution analyzes billions of user sessions to accurately differentiate between the fraudulent and the legitimate.

Application fluency

Cybercriminals enter and approve information rapidly into and in a digital banking app's mandatory fields, while genuine applicants tend to take longer to approve a transaction.

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Low data familiarity

Cybercriminals don't enter their own personal information. Their data-entry behavior reflects this lack of familiarity.

Expert user patterns

Cybercriminals display advanced computer skills, using control shortcuts and keys rarely used by genuine applicants.

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Bot detection

Fraudsters often employ bots to scale their account opening operations. Unfortunately for them, bot behavior is easily recognized.

Block the bots.

Account opening fraud evolves every day in both complexity and volume. Bots pump fake indentities into the systems of the world, allowing bad actors to create new accounts at scale, through which they then launder the proceeds of future crimes. Banks must weed out these bad accounts and the criminals behind them without disrupting the genuine applicant's user experience.

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Together, we can prevent fraud and financial crime.

Join our global advisors and fraud intelligence experts for a 30-minute deep dive into the latest tactics, techniques, and procedures (TTPs) now exploited by fraudsters in your country to scam your customers and harm your brand.