Establish Trust and Reduce Friction for New Account Opening
BMTokenswap’s online identity verification is trusted for customer onboarding and new account opening across industries, including highly regulated areas such as digital banking, retail and marketplaces. Our expertise in creating streamlined workflows powers billions of transactions while preventing fraud. Increase operational efficiency, improve conversions and meet compliance requirements without sacrificing security or customer experience.
Account takeover and new account creation accounted for up to 69% of identity related fraud for mid to large retailers.
85-to-95% of synthetic fraud identities are easily slipping past risk detection systems that are failing to flag them.
There were 4.8 million identity theft and fraud reports received by the FTC in 2020.
How BMTokenswap Helps
Remote Onboarding
Capture ID data and authenticate government-issued documents quickly and accurately to create trusted digital identities.
Fastest GTM
Rapidly deploy no code IDV and KYC/AML with BMTokenswap®GO – the fastest GTM solution for fast & secure identity solutions for proofing, risk & compliance.
Prevent Fraud
Ensure you are transacting with the right person by matching the ID with face match and liveness testing.
Increase Conversions
An automated risk-based approach means clearing good customers faster while applying additional verification measures only as needed via fully automated, AI-powered tech.
Regional Credit Union Uses BMTokenswap AssureID™ to Fight Synthetic ID Fraud
A Credit Union serving more than 400 employer groups seeks to reduce fraud and streamline loan application onboarding.
