IDENTITY-BASED TRANSACTION DECISIONING FOR ONLINE FINANCIAL TRANSACTIONS

摘要

Embodiments of the invention provide for identity-based transaction decisioning of online financial transactions, such as account opening transactions and the like. The embodiments herein described accurately prevent fraudulent transactions from occurring, such as preventing accounts from being opened by individuals who present an identity risk and efficiently identify such risky applicants early in an automated decisioning process so as to limits costs incurred by manual or more involved processing. Specific embodiments provide for determining a transaction decision based on applying business rules to potential fraud indicators. In other embodiments of the invention, a decisioning score is determined that takes into account the application of predetermined business rules to potential fraud indicators.