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Instnt provides up to $100MM in annual fraud loss protection. Learn more by scheduling a demo today.
A challenger bank launched a new banking product, a high-yield checking account for people trying to save and spend wisely. However, their anticipated growth of over 100,000 monthly sign-ups was cut short thanks to their legacy risk and compliance management toolbox that disproportionately rejected over 60% of customers.
See how Instnt enabled the bank to scale up, helping the business shift fraud loss exposure off its balance sheet to Instnt while keeping the fraud rates at 0.2%, increasing digital signups by 300%, and growing revenue by $60M. Download Case Study to learn more.
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Instnt’s technology platform provides a fully managed AI service meeting the workflows of your business requirements and offers fraud protection across your entire customer lifecycle.