• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

FindBiometrics

FindBiometrics

Global Identity Management

  • Biometrics
    • What are Biometrics?
    • FAQ
    • Biometric Associations
    • Companies
    • Premier Partners
  • News
    • Featured Articles
    • Interviews
    • Thought Leadership
    • Podcasts
    • Webinars
    • Year in Review
  • Applications
    • Biometric Security
    • Border Control and Airport Biometrics
    • Consumer and Residential Biometrics
    • Financial Biometrics
    • Fingerprint & Biometric Locks
    • Healthcare Biometrics
    • Justice and Law Enforcement Biometrics
    • Logical Access Control Biometrics
    • Mobile Biometrics
    • Other Biometric Applications
    • Physical Access Control Biometrics
    • Biometric Time and Attendance
  • Solutions
    • Behavioral Biometrics
    • Biometric Sensors and Detectors
    • Facial Recognition
    • Biometric Fingerprint Readers
    • Hand Readers & Finger Scanners
    • Iris Recognition
    • Biometric Middleware and Software
    • Multimodal Biometrics
    • Physiological Biometrics
    • Smart Cards
    • Vein Recognition
    • Voice and Speech Recognition
  • Stocks
  • Events
  • Companies
  • Podcasts

BioCatch Webinar to Detail Security FinTech for the Coronavirus Age

April 24, 2020

BioCatch has some advice for organizations that are still struggling to set up their remote fraud prevention teams. The company notes that digital banking activity and digital fraud have both gone up during the COVID-19 pandemic, and that organizations will need to implement a coordinated anti-fraud strategy to keep their customers safe.  

Biometrics News - BioCatch Pushes Automated Security Solutions in Response to COVID-19

With that in mind, BioCatch and the Aite Group will be sharing some security best practices during a webinar that is scheduled to take place on May 5. The webinar will be hosted by BioCatch Market Strategy VP Ayelet Biger-Levin and Aite Group Research Director Julie Conroy, who will be discussing some of the lessons learned from financial institutions that have had to adjust to a remote business environment.

In that regard, BioCatch points out that an increase in remote banking activity was to be expected given recent events. People who would normally prefer to visit a physical branch location to take out a loan no longer have that option, so more of those interactions are necessarily taking place online.

The problem is that the sheer volume of digital activity makes it more difficult to distinguish fraudsters from legitimate customers. Most security teams have the ability to handle that traffic, but they usually have more time to prepare, as in the case of an event like Black Friday or Cyber Monday. COVID-19 came on suddenly, exposing security vulnerabilities as organizations scrambled to deal with an unexpected influx of requests. Some financial institutions have relaxed their security protocols to make it easier to process more requests, and many call centers are operating with reduced staff due to social distancing measures.

That’s why BioCatch will highlight the potential benefits of digital products and services during its upcoming webinar. Digital anti-fraud solutions can automate many security procedures, and reduce the amount of strain on the human components of the system.

BioCatch, of course, is best known as the developer of an automated behavioral biometric solution. The company recently received $145 million in Series C funding to continue to advance its anti-fraud technology.

–

April 24, 2020 – by Eric Weiss

Related News

  • BioCatch Now Has Over 150 Million Behavioral Biometrics ProfilesBioCatch Now Has Over 150 Million Behavioral Biometrics Profiles
  • Behavioral Biometrics Can Protect Rising Remote Access Activity: BioCatchBehavioral Biometrics Can Protect Rising Remote Access Activity: BioCatch
  • NuData Argues Behavioral Biometrics Can Help Online Merchants Retain CustomersNuData Argues Behavioral Biometrics Can Help Online Merchants Retain Customers
  • What Are Vaccine Passports and How Do They Work?What Are Vaccine Passports and How Do They Work?
  • Three Ways Biometrics Will Help People Reconnect After COVID-19Three Ways Biometrics Will Help People Reconnect After COVID-19
  • NEC Fiscal Update Shows COVID-19 Impact and Tentative RecoveryNEC Fiscal Update Shows COVID-19 Impact and Tentative Recovery

Filed Under: News Tagged With: behavioral biometrics, BioCatch, Biometric, biometrics, coronavirus, coronavirus pandemic, COVID-19, COVID-19 pandemic, FinTech, remote banking

Primary Sidebar

Want To Deploy Biometric Access? Download This First:

The resources in this bundle will give you the know-how to choose the right biometric access for your organization.

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

TECH5 logo

TECH5 is an international technology company founded by experts from the biometrics industry, which focuses on developing disruptive biometric and digital ID solutions through the application of AI and Machine Learning technologies.

TECH5 target markets include both Government and Private sectors with products powering Civil ID, Digital ID, as well as authentication solutions that deliver identity assurance for various use cases. 

Learn more: www.tech5.ai

With its secunet border gears product portfolio and specialised consulting expertise, secunet supports police forces and security authorities in their sovereign tasks. Whether ABC gates, self-service kiosks or biometric middleware – each component helps to strengthen identity protection and to accelerate verification – in mobile and stationary scenarios.

Mobile ID World Logo

Mobile ID World is here to bring you the latest in mobile authentication solutions and application providers. Our company is dedicated to providing users with the best content and cutting edge information on technology, news, and mobile solutions for your mobile identity management needs.

Recent Posts

  • [UPDATED] Feb 15 Virtual Summit Sessions Announced: Digital ID in Healthcare, Financial Services, Travel
  • Innovatrics’ OCR Tech Meets Thai Alphabet Challenge
  • Biometric Registration Spreads in Africa: Identity News Digest
  • [Updated] FindBiometrics and Acuity Market Intelligence to Unveil Biometric Digital Identity Prism at Feb 15 Virtual Event
  • Jumio Brings Talent Boost to Sales Team

Biometric Associations

IBIA and fido

Tweets

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 FindBiometrics