Vendor Sheet
NEW ACCOUNT OPENING FRAUD
XTN Cognitive Security’s New Account Opening Fraud solution helps organizations prevent identity fraud during digital onboarding and account creation processes. As businesses increasingly shift to online services, accelerated by the growth of digital interactions, fraudsters have adapted by exploiting remote account registration systems. New Account Opening Fraud occurs when criminals use stolen, synthetic, or manipulated identities to create fraudulent accounts, often targeting banks, payment services, credit products, loans, and other digital platforms. XTN addresses this challenge through advanced fraud detection, identity verification, behavioral analysis, and risk assessment technologies that identify suspicious activity in real time. By securing the onboarding process, organizations
