Member Driven Technologies’ Post

To combat the rising threat of Account Takeover (ATO) Fraud, #creditunions should adopt a multi-layered fraud strategy to safeguard members and reduce financial losses.  One of the best ways to protect vulnerable member moments across the member journey is to deploy a single, integrated solution for identity authentication. IDCheck by Co-op is one such solution designed to work with a variety of channels of member engagement. Ask me about it!! #coopsolutions #creditunion

Good read about synthetic fraud and the impacts that fraud losses can have on smaller banks. I firmly believe the synthetic problem is much bigger then we think it is, especially for deposit products as I feel like we have fewer optics into deposit accounts. Credit Washing and synthetic ID fraud help answer the question as to why lending portfolios have been unpredictable of late. Primes are behaving like non-prime because they boosted their score to obtain credit they weren't qualified for. Even if they intended to pay it back, they were approved for a product they couldn't afford and ended up unable to make the payments.

Fraudsters are increasingly targeting small and midsize banks with sophisticated schemes like credit washing and synthetic identity fraud. As technology evolves, so must banks’ approach to fraud prevention. In our latest post, you'll learn more about these emerging trends - and how data can inform fraud prevention strategies. #fraudprevention #creditwashing #syntheticID

Identity fraud continues to be on the rise and fraud trends are important to understand and insure controls are in place to minimize loss. Here is a good read from Gus Tomlinson, our Chief Product Officer. #fraudprevention #fraudloss #reputationalrisk #fraudcontrols

To combat the rising threat of account takeover (ATO) fraud, #creditunions should adopt a multi-layered fraud strategy to safeguard members and reduce financial losses.  One of the best ways to protect vulnerable member moments across the member journey is to deploy a single, integrated solution for identity authentication. IDCheck by Co-op is one such solution designed to work with a variety of channels of member engagement. #coopsolutions

To combat the rising threat of account takeover (ATO) fraud, #creditunions should adopt a multi-layered fraud strategy to safeguard members and reduce financial losses.  One of the best ways to protect vulnerable member moments across the member journey is to deploy a single, integrated solution for identity authentication. IDCheck by Co-op is one such solution designed to work with a variety of channels of member engagement. #coopsolutions

To combat the rising threat of account takeover (ATO) fraud, #creditunions should adopt a multi-layered fraud strategy to safeguard members and reduce financial losses.  One of the best ways to protect vulnerable member moments across the member journey is to deploy a single, integrated solution for identity authentication. IDCheck by Co-op is one such solution designed to work with a variety of channels of member engagement. #coopsolutions

To combat the rising threat of account takeover (ATO) fraud, #creditunions should adopt a multi-layered fraud strategy to safeguard members and reduce financial losses.  One of the best ways to protect vulnerable member moments across the member journey is to deploy a single, integrated solution for identity authentication. IDCheck by Co-op is one such solution designed to work with a variety of channels of member engagement. #coopsolutions

To combat the rising threat of account takeover (ATO) fraud, #creditunions should adopt a multi-layered fraud strategy to safeguard members and reduce financial losses.  One of the best ways to protect vulnerable member moments across the member journey is to deploy a single, integrated solution for identity authentication. IDCheck by Co-op is one such solution designed to work with a variety of channels of member engagement. #coopsolutions

To combat the rising threat of account takeover (ATO) fraud, #creditunions should adopt a multi-layered fraud strategy to safeguard members and reduce financial losses.  One of the best ways to protect vulnerable member moments across the member journey is to deploy a single, integrated solution for identity authentication. IDCheck by Co-op is one such solution designed to work with a variety of channels of member engagement. #coopsolutions