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ID Connect 2.0 Helps Companies Convert More Prospects into CustomersToday at Finovate Fall, ID Analytics LLC, a leader in consumer risk management, announces the launch of ID Connect™ 2.0, the latest version of the company's digital enrollment product. ID Connect 2.0 significantly reduces data entry and friction in the new customer application process and helps companies boost conversion rates without increasing risk. Since implementing ID Connect 2.0, one ID Analytics enterprise customer has reduced its in-store account opening time by several minutes, and a leading online marketplace lender has improved its conversion rate by nearly 10 percent. According to Javelin's 2017 report, "Digital Account Opening Still Has a Long Road to Reality," only 8 percent of mobile device users applying for a credit card online successfully completed the entire application form. ID Connect 2.0 shortens the application process and reduces the time and effort needed to apply. Using information from the ID Analytics' ID Network®, one of the nation's largest networks of cross-industry consumer behavioral data, ID Connect 2.0 authenticates a consumer's identity and returns the PII needed to complete applications without increasing risk to the organization. ID Connect 2.0 is available in two versions for in-store and online channels:
"ID Connect 2.0 converts more prospects into customers, while managing risk, by accepting either minimal PII or an ID from the consumer and returning that customer's full PII and validated identity," said Aaron Kline, vice president of Innovation and New Ventures at ID Analytics. "The result is a great, safe customer experience." ID Analytics at Finovate Fall Aaron Kline and Tim Manglona will conduct a live demo of ID Connect 2.0 at Finovate Fall on Tuesday, September 12, between 10:45 a.m. and 12:05 p.m. ET. For more information on ID Connect 2.0, please visit idanalytics.com/idconnect. About ID Analytics LLC ID Analytics is a leader in consumer risk management with patented analytics, proven expertise, and near real-time insight into consumer behavior. By combining proprietary data from the ID Network®-one of the nation's largest networks of cross-industry consumer behavioral data-with advanced science, ID Analytics provides in-depth visibility into identity risk and creditworthiness. Every day, many of the largest U.S. companies and critical government agencies rely on ID Analytics to make risk-based decisions that enhance revenue, reduce fraud, drive cost savings, and protect consumers. ID Analytics is a Symantec (News - Alert) company. Visit www.idanalytics.com to learn more. ID Analytics and ID Network are registered trademarks of ID Analytics LLC. All other trademarks and registered trademarks are the property of their respective holders. View source version on businesswire.com: http://www.businesswire.com/news/home/20170912005489/en/ |