Computer-based system for provisioning new accounts using location-based authentication

A computing device comprising:

• a memory;
• and
• one or more processors in communication with the memory, the one or more processors configured to:
• receive, from a customer device, a request to provision a financial account for a customer;
• verify a first location of a mobile device of the customer associated with the requested financial account being within a predetermined distance of an expected location of the customer;
• receive, from a financial terminal, authentication information, wherein the financial terminal received the authentication information from the mobile device;
• based on a second location of the mobile device not being within a predetermined distance of a location of the financial terminal, send, to the financial terminal or the mobile device, information indicative of an authentication challenge;
• and
• provision, by the computing device, the financial account based on a customer answer passing the authentication challenge.

A computer readable medium comprising instructions that when executed cause one or more processors to:

• receive, from a customer device, a request to provision a financial account for a customer;
• verify a first location of a mobile device of the customer associated with the requested financial account being within a predetermined distance of an expected location of the customer;
• receive, from a financial terminal, authentication information, wherein the financial terminal received the authentication information from the mobile device;
• based on a second location of the mobile device not being within a predetermined distance of a location of the financial terminal, send, to the financial terminal or the mobile device, information indicative of an authentication challenge;
• and
• provision the financial account based on a customer answer passing the authentication challenge.