Thales’ report explains how FinTechs and digital banks can stop New Account Origination (NAO) and Account Takeover (ATO) fraud using CIAM and Identity Verification. It highlights a 250% rise in ATO attacks and $2 billion in global synthetic identity fraud losses. Fraudsters exploit deepfakes, stolen credentials, and synthetic identities to create fake accounts or hijack legitimate ones. Thales’ layered defense includes identity proofing to detect deepfakes, risk-based authentication to block suspicious logins, and adaptive CIAM security with biometric and behavioral analytics. These AI-driven tools prevent fraud while maintaining smooth customer experiences and regulatory compliance.

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