Remote channels are important

%

Would prefer to use a website to open an account

%

Would prefer to use the phone to open an account

%

Would prefer to use a mobile app to open an account

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

14% have abandoned an application because identity checks were too difficult or time-consuming

 

people using phone

Applicants are not always honest

Misleading income data increases the risk of first-party fraud and causes collection 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

What if you could attract and onboard more customers, increase their loyalty, and protect your organization from fraud and credit risk?
Learn more
person using mobile phone