BioCatch empowers digital financial experiences that people trust. We are pioneers of behavioral biometrics, cutting-edge technology leveraging the power of human digital behavior to deliver actionable insights and establish a world centered on trust and ease. Today, financial institutions around the globe are using BioCatch to more effectively fight fraud, drive digital transformation and accelerate business growth.
What is BioCatch?
BioCatch is creating a world of trust and ease across the entire digital identity lifecycle from account origination to monitoring online sessions and beyond by delivering actionable behavioral insights to global fraud teams.
When it comes to the money we earn and spend, 92% of the world’s currency is now digital. While the opportunity for businesses in a digital economy is vast, so are the risks. Whether for banking, payments or other organizations, BioCatch provides advanced protection for digital experiences on both mobile and web while giving customers the privilege of a frictionless journey.
Customer experience is the hallmark of growing revenue in digital channels. However, revenue can be threatened
by losses sustained from account fraud and other cyber threats. As the volume of digital transactions surges, fraud
and risk management leaders are tasked with building trust across a broad range of use cases, managing digital
risk across channels, and limiting financial losses from cybercrime. BioCatch helps financial institutions and digital
businesses deliver comprehensive fraud management strategies and safer online environments.
What is Behavioral Biometric Intelligence?
Behavioral biometrics analyzes a user’s physical and cognitive digital behaviors to distinguish between genuine user the individual account to provide a passive authentication layer and against population level patterns to identify statistically observed norms for “good” and “bad” behavior.
Frictionless Experience
Current fraud controls often treat customers like criminals, introducing additional friction into the user experience. Take the online account opening process, for example, where applications are deferred for manual review which incurs higher operational costs. Behavioral biometrics delivers better detection of account opening fraud and account takeover fraud by understanding behavioral intent. False declines of applications and transactions are reduced by monitoring user digital behaviors to assess the risk of an activity and driving the appropriate action. The BioCatch solution is designed with customer experience in mind. It is invisible to the end user, allowing consumers to go about their banking activities with maximum security. With the right tools in place, you can ensure that customer experience is prioritized and the balance between trust and risk is properly calculated and aligned to business priorities.
Continuous Protection
Providing continuous protection is not only about reducing fraud losses but building trust in digital interactions. Unlike other fraud solutions, BioCatch provides truly continuous protection by collecting and analyzing data throughout the session, so even the most subtle changes do not go undetected. The BioCatch Risk Engine is powered by machine learning algorithms that analyze physical and cognitive digital behavior of users across web and mobile channels. The model takes into consideration real-time physical interactions and is used to profile and analyze a user’s behavior on three levels:
- Behavioral Biometrics
- Cognitive Analysis
- Behavioral Insights
Actionable Intelligence
BioCatch delivers actionable intelligence and a platform to empower customers to align action with risk and minimize disruptions. In addition to the visibility provided through the risk score and indicators of fraud, the BioCatch platform enhances investigations and decision making. Organizations can leverage these platform tools or integrate our behavioral data into existing fraud management tools or case management systems through a robust set of APIs.