Remote channels are important

%

Would prefer to use a website to open an account

%

Would prefer to use an app to open an account

%

Would prefer to use the phone to open an account

When applying for a cell phone people expect it to be fast

1 in 5 people have abandoned an application because identity checks were too difficult or time-consuming

 

Group of young adults with phones

Applicants are not always honest

Misleading income data increases the risk of first-party fraud and causes collections problems down the line.

%

Think there are circumstances when it’s OK to exaggerate their income in an application

%

Think it’s normal to exaggerate their income in an application

Find out how FICO® Platform helps telco organizations

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Girl with phone