Digital account opening puts most banks and credit unions in a bind. Add a check and good applicants abandon. Remove one and fraud gets in. US consumers lost $27.2 billion to identity fraud in 2024, up 19% year over year (Javelin Strategy & Research).
We think that trade-off is optional. With Prove Pre-Fill® via Myridius Ascend, your applicant types a mobile number and the last four of their SSN, and Prove returns their verified details pre-filled. Prove’s Trust Score® sends ambiguous cases to a human reviewer at thresholds you set.
This paper shows how it works and how to test it on your own details, free, before you sign anything.
What you’ll learn
-
Why more fraud checks cost you good customers
-
How the two-field flow and Prove’s Trust Score work
-
A late-stage checklist for governance and life after go-live
-
What the investment looks like and how rollout works in your own AWS account
