Case Study: Leading Card Issuer achieves 75% fraud reduction and $800M incremental revenue with Prove

Major Card Issuer ‍Frictionless Fraud Reduction

Leading Card Issuer Company faced high abandonment and manual-entry friction in its card application process, which also left it exposed to bad actors. To deliver a seamless application and servicing experience and reduce fraud, the issuer partnered with Prove and deployed Prove’s digital identity and authentication solution.

Prove’s implementation streamlined customer onboarding and authentication, boosting conversion and blocking fraudulent applications. The engagement delivered an estimated $800M in incremental revenue, a 63% increase in authentication-driven application revenue, and a 75% reduction in fraud rate.