# Fraud Never Sleeps – Modern IDV for Banks

## Fraud Never Sleeps. Neither Should Your Defenses.

Cut fraud, friction, and false positives with real-time, AI-powered identity verification trusted by global banks.

## **The Problem: Legacy Controls Are Losing the Fight Against Modern Fraud**

Fraud is no longer just increasing — it’s compounding. From deepfakes to synthetic IDs, threats are accelerating while traditional tools remain static and siloed. In 2024, over 53% of banks saw a surge in business fraud, and 68% reported higher consumer fraud. Legacy stacks can’t keep up with botnets hitting onboarding flows 100 times per second.

## **The Solution: Why Incode Is Different**

**The Next-Gen Identity Stack Built for Speed, Accuracy, and Trust**

Incode delivers an end-to-end, fully proprietary identity verification platform designed to eliminate fraud without sacrificing user experience.

#### > Real-time fraud detection
#### > Zero third-party dependency
#### > Compliance simplified
#### > Frictionless integration

## How Industry Leaders Are Fighting Fraud Without Slowing Growth

Regional Banks Save Time and Reduce Risk

One U.S. bank prevented a breach of 8,358 customer records through biometric re-verification — stopping fraud in just 2 minutes instead of hours.

Digital Banks Increase Onboarding Completion Rates

Challenger banks using Incode report 98% first-try success rates and onboarding in under 5 seconds, far outperforming traditional banks.

## Real Results From Real Institutions

From user drop-off to verified fraud, scaling platforms are facing new challenges. Below are 3 critical areas where Incode drives measurable impact:

1

##### 700% YoY increase in deepfake fraud — blocked in real time by Incode

##### ‍

2

##### 40%+ increase in completed onboarding applications

##### ‍

3

##### 0% false positives/negatives in independent spoof detection testing

## Results that matter

99.65%

**detection rate for AI-generated ID fraud attempts**

100%

**proprietary ML models adapt to new fraud in real time**

11x

**faster onboarding and 30% higher completion rates**

25%

**higher OCR accuracy vs. open-source models**

## **Fraud is evolving fast. Your defenses should evolve faster.**

Incode is helping banks detect synthetic identities, deepfakes, and fraud rings before they strike — all while onboarding trusted users in seconds.