Application fraud is a type of banking fraud in which a crook uses a person's personal information to apply for a credit card or other bank account in their name. Application is a growing problem for financial institutions across the world. As identity crimes continue to grow, it is increasingly difficult for FIs to determine who they are dealing with in all service channels. These identity crimes are resulting in a number of strategies as FIs make new technology investments to meet both compliance (KYC) and fraud challenges.