Win more customers and their trust with identity verification

The Fintech Effect 2022 for risk teams

The top two factors impacting consumers’ decision to adopt fintech tools are convenience and security — making onboarding critical. Learn more about how a smooth onboarding process with robust identity verification can be a competitive advantage.

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73%

Of consumers say the ease of a sign-up process impacts their willingness to sign up for an app

70%

Of consumers feel safer using apps that ask for identifying information

$24b

According to Javelin, identity fraud accounted for $24 billion in losses in 2021 in the US

As consumers are willing to take more steps to prevent identity fraud, companies can attract more customers with robust identity verification measures, as long as they maintain a smooth onboarding process.