Securing Digital Banking with Identity Verification

Digital account openings are increasing rapidly as customers expect faster onboarding experiences. Yet, with that growth comes greater risk. Financial institutions face mounting pressure to balance speed, security, and compliance. With layered identity verification powered by mobile IDs, biometrics, and real-time risk intelligence, ACF Technologies helps banks and credit unions deliver a seamless, trustworthy onboarding experience that protects both customers and institutions.

The digital onboarding imperative

Today’s consumers expect to open accounts swiftly and conveniently from anywhere, yet financial institutions must navigate growing fraud risks and stricter regulatory oversight. The key lies in achieving both speed and trust, and that’s where ACF’s digital identity verification solutions excel.

ACF helps institutions:

Balance customer convenience with advanced fraud protection.
Verify identities instantly using mobile and biometric technology.
Meet regulatory requirements without adding friction to the process.
Streamline digital onboarding for secure, confident account openings.

By introducing intelligent authentication at every step, ACF empowers banks and credit unions to simplify onboarding while maintaining the highest security standards.

The rising stakes of digital account openings

Fraudulent activity in financial services continues to climb. Between 2024 and 2025, fraudulent incidents increased by 21%, and one in every twenty verification attempts is now deemed fraudulent. Globally, nearly 13.5% of digital account openings are suspected to be fraudulent, while roughly 5% of new checking accounts in the U.S. last year were flagged as suspicious.

The stakes could not be higher. A single lapse during digital onboarding can lead to financial loss, compliance violations, and reputational damage. That is why forward-thinking institutions are turning to ACF’s proactive verification approach.

ACF’s multi-layered identity verification

ACF employs an advanced, multi-layered identity framework that integrates cutting-edge tools to strengthen every step of the onboarding process.

01 Mobile ID integration

allows customers to verify their identity using state-issued digital IDs or mobile driver’s licenses directly from their smartphones. This reduces dependence on physical documents and verifies authenticity in real time.

02 Biometric authentication

introduces an additional layer of protection through facial recognition or fingerprint scanning. According to research from financial technology provider Jack Henry, 72% of consumers prefer biometrics over passwords, and 80% are more likely to engage with companies that use robust identity validation, showing that strong security can enhance customer trust and satisfaction.

03 Instant document verification

supports traditional ID uploads by scanning and cross-checking authenticity against issuing databases, helping detect tampering or forgery before accounts are approved.

04 Real-time risk assessment

completes the picture by analyzing device data, geolocation, and behavioral signals to detect anomalies early and ensure compliance with evolving security mandates.

Security without compromising experience

Behind the scenes, ACF’s system performs complex checks that feel effortless to users. Customers can authenticate from any device, complete biometric verification, and have their accounts activated within minutes without unnecessary friction or delays.

This streamlined process ensures instant onboarding while keeping fraud at bay. Security is reinforced through multiple identity proofing layers, and operational teams spend less time on manual reviews, freeing them to focus on higher-value interactions.

Why it matters to banks and credit unions

ACF’s approach does not just prevent fraud, it builds trust and efficiency across every touchpoint.

Fraud prevention is strengthened through behavioral and biometric analysis that stops account takeovers and synthetic identity attacks before they begin.

Regulatory compliance becomes easier as automated verification reduces manual oversight while maintaining rigorous adherence to KYC and AML requirements.

Customer trust grows from the very first interaction as transparent, seamless validation reinforces institutional credibility.
And because the solution scales effortlessly across channels, institutions can support high volumes of new digital customers without inflating operational costs.

photographic A banking customer digitally verifying their identity

A future-ready foundation

As digital banking continues to expand, the demand for frictionless onboarding and robust verification will only intensify. Fraudsters are evolving, but so are the technologies designed to stop them. By combining biometric intelligence, mobile ID, and continuous risk monitoring, ACF provides a secure, adaptive foundation that protects consumers and institutions alike.

Trust begins at the very first click. With ACF, banks and credit unions can deliver the convenience customers expect and the security they deserve.

The future is now, and
it begins with smarter decisions