Historically, economic downturns have led to an increase in bank fraud, and the recent COVID-19 downturn is no exception. Responding to confirmations using outdated technology like email, fax and mail makes it easier for bad actors to commit fraud. Submitting your clients' financial data over unsecure platforms exposes your bank to risk, additional costs, and negative press.

In this podcast episode, Brian Fox, Confirmation's President and Founder is interviewed by the American Bankers Association. He speaks about how recent frauds have impacted the banks associated with them, and how using Confirmation exclusively can help prevent financial liability and reputational harm.