Boost Customer Growth by Quickly & Confidently
Onboarding More Thin-File Customers
Presentation Date & Time:
October 20, 2021
1:00 PM CST
Presenter Information:
Name: Kurt Weiss
Organization: Ekata
Presentation Description:
Almost half of Gen Zers between 21 and 25 years old don’t have a credit card, according to a recent Cornerstone Advisors study. This growing population of thin-file customers presents a challenge for financial institutions that seek to expand their customer base without creating friction for good customers or inviting increased risk. Kurt Weiss, Director of Financial Services at Ekata, explains how using traditional data—such as credit risk and document verification—alongside alternative data based on personal identifiable information can help financial institutions quickly and confidently identify and onboard good thin-file customers while protecting against increased fraud.
Main topics discussed during this presentation include:
Presentation Date & Time:
October 20, 2021
1:00 PM CST
Presenter Information:
Name: Kurt Weiss
Organization: Ekata
Presentation Description:
Almost half of Gen Zers between 21 and 25 years old don’t have a credit card, according to a recent Cornerstone Advisors study. This growing population of thin-file customers presents a challenge for financial institutions that seek to expand their customer base without creating friction for good customers or inviting increased risk. Kurt Weiss, Director of Financial Services at Ekata, explains how using traditional data—such as credit risk and document verification—alongside alternative data based on personal identifiable information can help financial institutions quickly and confidently identify and onboard good thin-file customers while protecting against increased fraud.
Main topics discussed during this presentation include:
- How alternative data can aid identity verification for a growing population of thin-file customers—including Millennials, Gen Zers, and immigrants
- How machine-learning technologies can streamline workflows that enable better, quicker risk decisions for thin-file customers
- Why a competitive financial services marketplace necessitates faster, more nimble risk decision-making and onboarding to capture more customers’ lifetime value
Kurt Weiss Biography
Kurt Weiss leads Financial Services strategy for Ekata, a Mastercard company . He works closely with Ekata’s partners in the financial services and fintech space to understand their workflows and how best to leverage data to improve the onboarding process. Ekata, a Mastercard company, currently has over 2,000 customers globally, including companies like Alipay, Klarna, and Goldmach Sachs.
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