How Telesign completes the Affirm tech stack

Key Takeaways

in today's digital world onboarding is extremely complicated onboarding is where fraud begins with nearly half 48% of fraud stemming from accounts that are less than one day old synthetic identity fraud one of the fastest and most common types of fraud in the United States its loss snowball to 20 billion in 2021 in fake accounts when you think about the millions of new accounts that are created across the internet every single day one in four of those accounts are businesses today know they have a fraud problem but fighting that fraud creates friction nearly half of all consumers become frustrated with long sign up forms we expect to spend less than five minutes signing up and creating a new account and virtually all of us 83% are more than willing to abandon a sign up form if it's too complicated or complex with millions of consumers using buy now pay later Services every single day onboarding is a crucial workflow for a firm like you they need a safe but simple way to onboard new users they need to detect fraud in milliseconds while making it frictionless for customers to check out to do that a firm needs to make smart real-time decisions using teles sign's onboarding solution a firm adds a new layer to their security stack telesign delivers powerful insights and critical risk signals that helps a firm detect risk in milliseconds the result is a huge win-win for a firm a firm and their retailers experience less fraud while their driving more conversions and generating more Revenue with telesign a firm has found the perfect balance of mitigation and Innovation and the affirm team set at best at affirm we have the best algorithms for evaluating Financial Risk and telesign has the best digital identity data to recognize possible fraud if you're interested to learn how telesign can transform your onboarding workflow visit tels.com