Challenge Overview

Fraudsters may attempt to create accounts using forged documents, stolen identities, or synthetic identities. Detecting fraudulent KYC submissions early is critical for maintaining platform security.

Challenge Objective

Build a fraud detection system that identifies suspicious KYC submissions before account approval.

Problem Scope

Focus on fraud detection during onboarding, not transaction fraud.

Key Issues

• Fraudsters may attempt to submit forged or tampered identity documents.
• Stolen identities may be used to create fraudulent accounts.
• Multiple accounts may be created using variations of the same identity.

Guiding Questions

• How can forged or tampered documents be detected?
• How can duplicate identities across accounts be identified?
• What signals indicate suspicious onboarding behavior?
• How can biometric verification improve identity assurance?

What Teams Should Design and Build

A prototype capable of:

• detecting suspicious KYC submissions
• flagging high-risk accounts for review

Solutions May Include