NEW YORK, NEW YORK –– JUNE 07, 2023 — BioCatch, a world chief in fraud detection, at the moment introduced the worldwide enlargement of its behavioral biometric intelligence options in collaboration with Microsoft and now accessible as an providing for Microsoft’s Cloud for Monetary Providers (FSI Cloud).
Microsoft Cloud for Monetary Providers offers capabilities to ship differentiated experiences, empower workers, and fight monetary crime whereas facilitating safety, compliance, and interoperability.
Working with Microsoft since 2011, BioCatch offers efficient and complete anti-fraud assist, and thru Microsoft Cloud for Monetary Providers, BioCatch can prolong additional protections for banks transitioning to cloud-based operations for a protected, frictionless digital expertise for customers.
BioCatch and Microsoft reliably allow shopper protections towards fraud by way of BioCatch’s behavioral biometrics software program and Azure’s clever banking platform, underscoring the influence the answer alignment has had with monetary establishments for over a decade.
“BioCatch and Microsoft have been nice companions for us in our mission to guard M&T banking clients from dangerous fraud assaults,” says Aaron Steinitz, Director of Enterprise Fraud Coverage and Governance, M&T. “The visibility we get into the information by leveraging BioCatch’s expertise through Microsoft Azure allows our fraud groups to swiftly handle complicated fraud assaults and scale back handbook critiques, giving our clients higher safety and an improved expertise.”
“We’re excited to proceed working with Microsoft to offer behavioral biometric cloud-based fraud safety answer for monetary establishments seeking to scale back threat for his or her cloud operations,” mentioned Eyran Blumberg, BioCatch COO. “As banks and fintech companies take their operations to the cloud, menace actors seeking to exploit cloud vulnerabilities and rip-off the patron turn into a bigger downside. BioCatch is proud to offer the mandatory and efficient options for monetary establishments to proceed rising in the correct path, with the essential understanding that their shopper accounts are saved protected.”
One of many key parts of BioCatch’s expertise now being accessible for Microsoft Cloud for Monetary Providers is the flexibility for monetary companies organizations to buy BioCatch’s options by way of Azure Market. This accessibility allows them to seamlessly mix their transition to cloud-based monetary operations with a confirmed behavioral biometrics answer that may analyze billions of periods per 30 days for its customers. By means of this, Azure offers enhanced threat administration and safety for patrons by way of a seamless consumer expertise.
“We’re happy that BioCatch is tapping into the facility of Microsoft Cloud for Monetary Providers to assist monetary establishments unlock enterprise worth and deepen buyer relationships,” mentioned Invoice Borden, Company Vice President, Worldwide Monetary Providers, Microsoft. “We sit up for the improved alternatives this can carry to our joint clients, serving to empower fraud and threat groups with behavioral biometric intelligence to behave rapidly whereas additionally giving customers a safer and frictionless digital banking expertise.”
BioCatch’s fraud prevention answer additionally retains monetary enterprise operations in compliance with safety measures and digital security necessities. With this, BioCatch’s behavioral biometrics answer allows monetary establishments who use Azure to streamline fraud detection capabilities with international cloud scaling, preserving tempo with the wants and calls for of any cloud technique monetary establishments search to deploy in Azure.
About BioCatch
BioCatch is the chief in Behavioral Biometrics and superior fraud detection, leveraging expertise constructed upon machine studying to research a web based consumer’s bodily and cognitive digital habits to guard people on-line. BioCatch’s mission is to unlock the facility of habits and ship actionable insights to create a digital world the place identification, belief and ease seamlessly co-exist. At present, BioCatch counts over 25 of the highest 100 international banks as clients who use BioCatch options to battle fraud, drive digital transformation and speed up enterprise progress. BioCatch’s Shopper Innovation Board, an industry-led initiative together with American Specific, Barclays, Citi Ventures, and Nationwide Australia Financial institution, helps allow BioCatch to determine artistic and cutting-edge methods to leverage the distinctive attributes of habits for fraud prevention. With over a decade of analyzing knowledge, greater than 80 registered patents, and unparalleled expertise, BioCatch continues to innovate to resolve tomorrow’s issues. For extra info, please go to www.biocatch.com.
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