Retail Banking Risk Management
With more business being transacted online and through mobile devices, consumers are evolving the way they bank. ID Analytics is here to help you keep pace.
With alternative data that goes beyond what the credit bureaus see, we’re able to accurately identify customers and assess the risk of losses whether they’re standing in front of you or using a smart device hundreds of miles away. The result is a series of solutions which let you confidently extend improved account offers to more consumers, building stronger relationships without increasing risk exposure.
How It Works
Our ID Network® includes more than two billion historic consumer transactions and collects 54 million new identity elements every day from a wide variety of industries including leading banks, telecommunications providers and sub-prime lenders. And we have data on 3.3 million client-reported frauds. By applying patented analytics to this unique view of consumer behavior, we help you accurately assess more consumers and provide the most competitive terms to every applicant.
How ID Analytics Can Help You
- Grow your organization’s portfolio without growing loss rates, using comprehensive visibility into applicant risk to drive more targeted, competitive account offers
- Authenticate customers with a quiz that utilizes non-public data in the ID Network to deliver questions that are top-of-mind for legitimate consumers, but difficult for imposters to research and guess
Retail Banking Risk Management Solutions
ID Analytics’ account management solutions evaluate requested changes to customer accounts to help you identify account takeover attempts. Safeguard your customer relationships and preserve your brand, with a suite of solutions capable of assessing every account management event, across every channel.
Get more information about our account takeover solutions for the retail banking industry by clicking on the icon below.
ID Analytics’ fraud solutions at account opening interrogate every element of an application to deliver an accurate, up-to-the-minute assessment of fraud risk. Reduce friction, fraud losses and operational costs with a set of solutions designed to help you preserve the new customer experience, while keeping the bad guys at bay.
Get more information about our application fraud solutions for the retail banking industry by clicking on the icon below.
ID Analytics’ authentication solutions help you know who you’re dealing with at the most crucial moments – like new account set-up, account management activities and other high-value interactions. These solutions utilize rich non-public data to authenticate consumers with questions which are intuitive and top-of-mind for legitimate consumers, yet challenging and hard-to-research for imposters.
Get more information about our authentication solutions for the retail banking industry by clicking on the icon below.
ID Analytics’ compliance solutions utilize unique cross-industry data to deliver identity verification insights that are both accurate and intuitive, helping to meet a range of regulatory requirements. Reduce customer friction, get control of operational costs, and avoid the financial losses associated with non-compliance with a set of solutions purpose-built to address even the toughest-to-verify consumers.
Get more information about our compliance solutions for the retail banking industry by clicking on the icons below.
ID Analytics’ customer acquisition solutions inject new, predictive information into existing credit bureau and custom models, to help improve your approval and offer decisions. Grow your portfolio responsibly, by tapping into a set of solutions designed to show you opportunity where others simply see risk.
Get more information about our customer acquisition solutions for the retail banking industry by clicking on the icon below.