bugFraud | New Account Fraud NAF

360º vision of the user thoughout the onboarding process

The increasing opening of bank accounts controlled by fraudsters is one of the biggest concerns in modern digital banking. A holistic view into the user behavior during the new account creation process prematurely detects fraudsters who try to become customers of your bank.

Thousands of key parameters analyzed by our unique combination of Behavioral Biometrics, Device assessment and Advanced Malware detection technologies monitor how each new customer navigates and fills out the onboarding process to unveil those users not behaving like a genuine identity while keeping a frictionless experience.

A three-level analysis that lets legitimate customers in and blocks fraudsters in real time

A comparative analysis of the new customer against good and bad user behaviour is not enough to identify a fraudster during the onboarding process, it is also necessary to carry out a personalized analysis on the context of each consumer within each bank.

buguroo analyzes each user’s individual behavior and contrasts it with the rest of the new users who have opened an account in the bank, and also with the fraudster types that usually try to get in using your digital channels. This way, detection accuracy and the reduction of false positives is significantly more effective.

Learn more about NAF Protection

Browse our resources to learn more about the buguroo’s approach to New Account Fraud prevention and how our fraud solutions help protect your business