Identify application fraud and protect genuine user information from being exploited.
Identify money laundering activity and proactively detect the mule accounts before funds are moved.
Monitor web and mobile banking sessions to expose risky actions indicative of fraud.
Detect and stop authorized payment fraud before funds leave the customer’s account.
Enhance your existing compliant solution by adding security without unnecessary friction.
The world’s first inter-bank, behavior-based, financial crime intelligence-sharing network.
A top 5 UK bank launched a new digital offering for select checking account applicants to receive immediate approval for additional products. Consequently, cybercriminals were exploiting this promotion and conducting various follow-on crimes.
The bank was seeking a solution that would prevent cybercriminals from successfully navigating the application journey to cash out on promotional offerings. By deploying BioCatch Account Opening Protection, the bank was able to more effectively detect and decline fraudulent applications while continuing to offer additional products and services to genuine customers.