From opening a bank account to applying for a mortgage, millions of people submit applications to thousands of banks around the world every day. Processing these applications and ensuring that the people applying are legitimate customers is a daunting challenge – a challenge that is compounded by the rapid digitalization of bank services. Mobile banking has all but replaced in-branch visits, and applying for a loan now only takes a few clicks. In this era of unprecedented digital access, banks must rapidly innovate to meet the current and future demands of their customers. As such, banks have prioritized rolling out slick online experiences that outshine their competitors.