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Fraud Prevention

Stop Fraud in Real Time

Let more good customers in without letting in more fraud and risk. Leverage real-time risk and behavioural signals and a strong identity binding process that simultaneously deters fraudsters and deters fraudsters and protects

Tackling bot fraud with ease

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Streamline onboarding, reducing account opening time and fraud

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Enable a smooth customer onboarding experience

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Driving faster, safer customer experiences.

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Stop sophisticated fraud attacks

Establish customer trust and satisfaction

Protect against fraud losses

Frictionless fraud prevention at
every interaction

Evolving fraud techniques call for modern solutions. From account opening to ongoing transactions, take a holistic approach to protecting your customers and your bottom line. Leverage Prove’s unmatched identity network and comprehensive suite of identity solutions to drive growth while stopping sophisticated fraud

Account Takeovers

Unauthorized access to a user's account by exploiting vulnerabilities, often through stolen credentials or
phishing attacks.


Protect customer accounts with an unified authentication solution that includes passwordless login and step-up authentication to keep fraudsters out. 

Bot Attacks

Automated programs or scripts attempting to manipulate online systems, often used for fraudulent activities like fake account creation or DDoS attacks.


Prevent bot attacks  by confirming proof of possession of each phone number used by an end consumer. Phone ownership verification also confirms the identity of a consumer is linked to a specific phone number.

Burner Phones

Disposable mobile phones used temporarily for fraudulent purposes, making it difficult to trace the user's identity.


Identify burner phone session via real-time phone behavioral risk signals

First Party Fraud

Fraudulent activities committed by individuals against a financial institution using their own identity or accounts.


Provides detailed evidence trail that will discourage first-party fraud: "This transaction took place on your iPhone 15 at this time and day", essentially a 'digital watermark'.

Identity Fraud

Deceptive practices involving the use of someone else's personal information to commit financial or other crimes.


Prevent identity theft (true name) fraud by confirming that the attacker is not the rightful owner nor in possession of the the victim's phone (physical device) during the transaction.

Physical Theft of Phone

Unauthorized possession of a mobile device, potentially leading to identity theft or unauthorized access to sensitive information.


Detect that the phone is not held by the victim because the victim would have reported their phone lost/stolen and the carrier would have disconnected and legitimately SIM swapped that phone.

SIM Swap

Illegitimate transfer of a user's phone number to a different SIM card, often to gain unauthorized access to accounts linked to that number.


Detect when a victim's phone number is taken over through a SIM swap or port attack via real-time mobile carrier risk signals.

Social Engineering

Manipulative techniques used to deceive individuals into divulging confidential information or performing actions that compromise security.


Prevent social engineering by confirming proof of possession of each phone number used by an end consumer. Phone ownership verification also confirms the identity of a consumer is linked to a specific phone number instead of a fraudster attempt

Synthetic Identity

Creation of a fictitious identity by combining real and fake information to establish fraudulent accounts or transactions.


Reduce fraud at the initial step in the customer journey with auto-filled forms using verified consumer identity information. Detect synthetic identities in banking and credit reporting agency (CRA) systems that do not have corresponding synthetic data with phone companies

How PIN Fits In

Prove Identity Network: ingests 20B annual authentication events from PRO (possession, reputation, ownership) checks. This enables greater accuracy over time by boosting assurance levels for products like Pre-Fill, thus verifying more good actors while reducing fraud. PIN also allows persistence of identities across channel and throughout customer lifecycle which unlocks a better customer experience.

Onboarding friction due to fraud requirements

Balance security/risk mitigation with a frictionless, non-invasive consumer experience.

Ongoing monitoring of accounts to deter and prevent fraudulent activity

Confidently manage and persist consumer identities at every point of interaction so you know exactly who you are transacting with.

Costly, time-consuming manual fraud reviews

Leverage real-time risk signals and identity checks to make immediate informed decisions, without costly manual reviews and intervention.

Key Features

Near real-time telco carrier verification

Identify SIM swaps and Ports at the speed of fraud

Enables accurate (cryptographic) possession check (passively or actively)

PRO enables strong identity bind and enables ID to persist

High identity confidence enables customers to self-serve high risk transactions (change addresses in-app vs. calling call center)

PRO enables strength in True Name / Identity Theft Fraud

Frictionless Identity Proofing

Prove has a cryptographic authenticator that we can tie to the process (Prove Identity, Pre-Fill) enabling low-friction

Legacy approaches use high-friction (e.g. out of wallet, doc scans, information validation)

More Resources

How fiVISION enables its clients to streamline onboarding, reducing account opening time and fraud
with Prove
Spark Wallet successfully eliminates bot fraud while streamlining onboarding

Why Banks Must Fortify Identity-Proofing to Combat Crypto Fraud

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2023 Online Shopping Report Shows 84% of Consumers Are Concerned About AI-Based Fraud This Holiday Season

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Navigating the AI-Driven Future in Banking: Fraud, Digital Trust, and Identity Verification

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Go beyond traditional capabilities to
combat expanding fraud.