“Adding BioCatch’s technology to the mix will enhance [Entersekt Secure Platform’s] value, with up to 2,000 parameters coming into play to verify end users based on their behavioral patterns.”
BioCatch has teamed up with South Africa-based FinTech specialist Entersekt, with the latter integrating its behavioral biometrics technology into its Entersekt Secure Platform.
The platform already supports more traditional forms of biometric authentication, namely fingerprint and facial recognition. Adding BioCatch’s technology to the mix will enhance its value, with up to 2,000 parameters coming into play to verify end users based on their behavioral patterns. Any time the system detects anomalies, it can trigger an alert to Entersekt’s platform to prompt stepped-up authentication.
Read FindBiometrics’ recent interview with BioCatch Chief Strategy and Marketing Officer Frances Zelazny about cutting edge innovations in behavioral biometrics.
In a statement announcing the integration, BioCatch founder and CTO Avi Turgeman emphasized its value to the financial services sector in particular. “Financial institutions moving to the digital channel understand that both security and user convenience are paramount, but they often struggle with how to build a solution that addresses seemingly contradictory requirements,” he said. “Our combined approach with Entersekt answers the call, with behavioral biometrics as ‘who you are,’ the mobile device as ‘what you have,’ and the additional elements required to step up a transaction in real time if there is a problem.”
The companies’ announcement also highlighted the system’s utility in helping organizations to comply with PSD2, the European Union’s stringent new privacy and data protection regulations.
BioCatch marketing and strategy head Frances Zelazny and Entersekt SVP Sherif Samy are both attending at the KNOW 2019 conference in Las Vegas this week – and participating on panel discussion – and it’s a fair bet that their newly-announced collaboration will prove to be an important topic of discussion for both of them.
March 25, 2019 – by Alex Perala