Hello Footprint friends -

We are officially past the fintech conference madness. I hope you are recovering from your time at Money2020.

If we didn't get the chance to connect at the conference, we would love to connect virtually. Let us know and we may even send you a stuffed penguin.

Upcoming Webinar

We launched plenty of exciting fraud features lately, designed to help you optimize your onboarding experience in the world of Gen AI fraud. These features are pretty nuanced; the real magic is how they all work together. We did not think we could adequately describe them in this newsletter, so we are doing our first webinar!

On November 20th, our Head of Risk, Dave Argoff, will walk through how customers use Footprint to boost their conversion and catch more fraud. Dave has more than a decade of experience in the risk and fraud space, having led the risk team at Stripe and Sardine before joining Footprint. We would love to have you join the webinar. Register with this link.

Data Vaulting Guide

In addition to Gen AI fraud, we have heard a lot of chatter around data security. October saw significant data breaches, including a Change Health breach that impacted over 100 million Americans. Footprint takes security seriously. We think it is one of the most important steps companies can take to decrease fraud on the internet. In that spirit, we put together a guide that walks through common mistakes made in data vaulting and how to avoid them. Download the guide here, and if you would like to chat, feel free to send Mike an email ([email protected]).

We also wanted to highlight some of our major product improvements on our KYB product in the month of October.

Improved multi-business support:

Our enhanced KYB Business Selector now gives users the flexibility to add additional businesses or update existing ones on the fly, streamlining the multi-business management experience.

Improved KYB verification processes:

We've introduced a new risk signal that automatically detects potentially missing beneficial owners.

The Footprint Rules Engine now supports dynamic prompting for additional documentation like operating agreements based on the new risk signal.

For BO verification cases requiring closer examination, our new manual review feature enables reviewers to directly request and verify additional beneficial owners, ensuring complete ownership transparency.

You can take a stab at playing with this new features in our sandbox.