ACI Worldwide and BioCatch Protect Consumers from Online and Mobile Banking Fraud with Behavioral Biometrics

Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced a collaboration with BioCatch, the global leader in behavioral biometrics, to protect customers from online and mobile banking fraud such as account takeover. In addition to machine learning and advanced analytics capabilities from ACIs UP Payments Risk Management solution, banks around the world will now benefit from BioCatchs real-time behavioral assessments to identify a wide range of cyberthreats without disrupting the user experience.

Founded in 2011 by experts in neural science research, machine learning and cybersecurity, BioCatchs patented approach analyzes the way users interact with online applications and devices and introduces subtle tests known as invisible challenges into their online banking sessions. Users subconsciously respond to these challenges, without sensing any change in their experience. The response provides additional behavioral data that can be used to distinguish a real user from an imposter, whether human or robotic. Together with ACIs UP Payments Risk Management solution and its capability to coordinate data sources and integrate risk services, organizations will be able to better combat new and emerging online threats that compromise business integrity, while maintaining a desirable online user journey.

As online and mobile banking proliferates, fraudsters are consistently finding new ways to infiltrate banks systems, creating havoc for consumers and businesses alike, said Avi Turgeman, CTO and founder, BioCatch. By using behavioral data to distinguish between a genuine customer and a fraudster “ whether human or non-human “ we are able to detect fraudulent activity in real-time and protect consumers. Our high-profile customer base attests to the significant and measurable ROI that the technology provides coming from reduced fraud losses, lower operational costs, improved customer service and prevention of false declines. These capabilities are complementary to ACIs market-leading fraud management solution.

New and emerging online threats such as account takeover, social engineering and robotic activity are difficult to keep up with while pursuing an enriched customer experience, said Cleber Martins, global director, Payments Intelligence & Risk Solutions, ACI Worldwide. By providing banks with cost-efficient access to behavioral biometrics technology from BioCatch, and expanding the powerful enterprise risk management eco-system from ACI, banks can further promote safety and loyalty through the online relationship with their clients, and rest assured that their important assets are being protected on every channel.

ACIs UP Payments Risk Management uses a combination of machine learning, stronger controls and risk orchestration through a flexible, transparent and sophisticated architecture, empowering businesses to independently succeed. As part of ACIs UP Payments Risk Management solution, ACI Proactive Risk Manager delivers peace of mind in the face of continuously evolving fraud threats.

About ACI Worldwide ACI Worldwide, the Universal Payments (UP) company, powers electronic payments for more than 5,100 organizations around the world. More than 1,000 of the largest financial institutions and intermediaries, as well as thousands of global merchants, rely on ACI to execute $14 trillion each day in payments and securities. In addition, myriad organizations utilize our electronic bill presentment and payment services. Through our comprehensive suite of software solutions delivered on customers premises or through ACIs private cloud, we provide real-time, immediate payments capabilities and enable the industrys most complete omni-channel payments experience. To learn more about ACI, please visit www.aciworldwide.com. You can also find us on Twitter @ACI_Worldwide.

About BioCatch BioCatch is a digital identity company that delivers behavioral biometrics analyzing human-device interactions to protect users and data. Banks and other enterprises use BioCatch to significantly reduce online fraud and protect against a variety of cyber threats, without compromising the user experience. With an unparalleled patent portfolio and deployments at major financial institutions and global enterprises around the world that cover 90 million users to date, BioCatch has established itself as the industry leader. For more information, please visit www.biocatch.com.

Copyright ACI Worldwide, Inc. 2018. ACI, ACI Worldwide, ACI Payment Systems, the ACI logo, ACI Universal Payments, UP, the UP logo, ReD, PAY.ON and all ACI product names are trademarks or registered trademarks of ACI Worldwide, Inc., or one of its subsidiaries, in the United States, other countries or both. Other parties trademarks referenced are the property of their respective owners.

Product roadmaps are for informational purposes only and may not be incorporated into a contract or agreement. The development release and timing of future product releases remains at ACIs sole discretion. ACI is providing the following information in accordance with ACI’s standard product communication policies. Any resulting features, functionality, and enhancements or timing of release of such features, functionality, and enhancements are at the sole discretion of ACI and may be modified without notice. All product roadmap or other similar information does not represent a commitment to deliver any material, code, or functionality, and should not be relied upon in making a purchasing decision.

Dan Ring
E-mail: [email protected]
Phone:
781-370-3600

Nidhi Alberti
Email: [email protected]
Phone:
781-370-3600