The partnership will see BioCatch’s behavioral biometrics technology integrated into the LexisNexis Risk Defense Platform, allowing administrators to view additional risk score data pertaining to user’s innate behavioral patterns. The system will also determine whether a user is genuine or a fraudster by assessing metrics related to how quickly or slowly they interact with a given site or app and enter data.
News of the partnership comes soon after BioCatch was named in Red Herring’s Top 100 rankings for Europe and North America in June, and after it won a Frost & Sullivan innovation award in May. In a statement, LexisNexis Risk Solutions VP Paul Bjerke suggested that in light of recent high-profile data breaches, “supplementing applicant-provided data with additional dynamic data sources, like behavioral biometrics, is key to addressing application fraud and account takeover.”
The partnership should help to further raise BioCatch’s profile, with the company asserting that its technology now monitors 4 billion transactions per month through multiple financial services clients.
August 9, 2017 – by Alex Perala