How Can Fintechs Onboard New Customers While Preventing Fraud

Financial technology (Fintech) companies are finding new ways to meet consumer demands and create more financial inclusion on a global scale. While Fintechs are on the rise, these companies still have to manage the same problems traditional financial institutions face: fraud. And while fraud permeates throughout nearly all aspects of a financial transaction, one particular area of concern is onboarding. Client onboarding is when a new client begins their relationship with the fintech. Companies naturally want to make this process easy and simplified, but in the financial world, this can be complicated.