Arvato Financial Solutions has invested in behavioral biometrics specialist SecuredTouch as part of a larger partnership between the firms.
In a statement, the firms were vague about the details of the investment and their partnership, asserting only that Arvato “has chosen to strategically invest in online security and decided to partner with Israeli-based SecuredTouch.” The companies emphasized SecuredTouch’s technology, which is designed to tie users to their devices based on how they interact with them, using pattern recognition to establish unique user profiles for authentication.
Commenting on the new partnership, Arvato SVP of Fraud Management Robert Holm said, “Investing in SecuredTouch allows us to partner with a global leader in behavioral biometrics for mobile devices, and to reinforce our online security and fraud prevention services in the best possible manner.”
This isn’t the first time Arvato has demonstrated an interest in behavioral biometrics: Toward the end of 2016 the company announced a partnership with NuData Security to develop an anti-fraud solution. And that reflects broader interest in behavioral biometrics and passive authentication in the financial services sector, with SecuredTouch having established one of the first mobile deployments of this technology for Israeli bank Leumi Card, also in late 2016.
April 25, 2018 – by Alex Perala