Explosive growth in digital financial services and online banking has transformed the way customers access credit, open accounts, and conduct transactions—providing speed, convenience, and scale. But the digital revolution has also resulted in explosive growth of fraudulent schemes, primarily in the guise of spurious or doctored bank account openings. These often use systemic weaknesses through the use of stolen identities, synthetic identities, or misrepresentation, to obtain unauthorized access to financial services for illegal monetary benefits. These schemes not only cause billions of dollars in loss every year, estimated at over $50 billion worldwide (Johnson & Lee, 2023)—they also undermine consumer confidence and test the efficacy of the financial system.