Compliance is the baseline. Behavior is the breakthrough.
Driven by PSD2 and the upcoming PSD3 regulations, fraud detection for online purchases has improved significantly, thanks to mass implementation of multi-factor, SCA-compliant solutions. Compliance alone, however, isn't enough to stop the fraud of the present and future. By analyzing user behavior during payment sessions, financial institutions can uncover more fraud, reducing both consumer losses and required reimbursements.
BioCatch Inherence Analysis
BioCatch’s Inherence Analysis allows customers to supercharge their SCA-compliant solutions. By analyzing how users enter one-time passcodes or personal details like a postcode, BioCatch distinguishes between genuine customers and fraudsters using stolen credentials, adding a powerful behavioral layer to a bank's existing defenses.
BioCatch can also help financial institutions meet the possession requirement under PSD2 and the upcoming PSD3 regulations by providing a robust device intelligence capability. This can either supplement or replace their existing device-based factor, offering greater flexibility in meeting SCA requirements while enhancing fraud detection and maintaining a seamless customer experience.
42%↑
increase in fraud cases detected by one of our customers after it integrated and deployed our behavioral solutions
£1m
in projected annual fraud-related expenses saved by banks utilizing our behavioral intelligence
95%↓
reduction in consumer friction achieved by a UK bank deploying our solutions
