Over the past few years, bank account fraud has become one of the largest threats against financial institutions (FIs). Just last year, there’s been over $52B in identity fraud losses affecting 42 million U.S. consumers. And this grew 79% y-o-y. Community banks and credit unions must find a way to balance methods of managing fraudulent activity with attracting new customers. Otherwise, they may be left behind. And the stakes are higher than ever. At the same time FIs are looking at high application abandonment rates.