Technical Business Analyst at a financial services firm with 10,001+ employees
Real User
2020-12-02T11:13:33Z
Dec 2, 2020
The solution is AWS-based and the installations are managed by BioCatch themselves. The solution supplies what is called an SDK for integration into the mobile journeys on the mobile phone apps, or handheld devices and closer supplies and can be integrated into the web pages of the account opening application forms of the bank. Once the customer starts hitting those points for inputting them, BioCatch can alert you. I would recommend the solution. It's certainly an up-and-coming option that has worked well for us. I would just warn that the implementation is quite complex and something to be aware of. That said, it's very effective in reducing fraud once it's set up. Overall, I'd rate it eight out of ten. I'd rate it higher if it had more integration on the IT, model scaling, and data usage side of things. They do need to practice better transparancy.
Fraud Detection and Prevention solutions help businesses identify and mitigate fraudulent activities. They provide robust mechanisms to detect anomalies and prevent financial losses, safeguarding assets and reputation.Advanced technologies in Fraud Detection and Prevention leverage AI and machine learning to analyze vast datasets, spotting patterns indicative of fraud. These solutions utilize real-time analysis, evolving with new fraud tactics, reducing false positives, and enhancing...
The solution is AWS-based and the installations are managed by BioCatch themselves. The solution supplies what is called an SDK for integration into the mobile journeys on the mobile phone apps, or handheld devices and closer supplies and can be integrated into the web pages of the account opening application forms of the bank. Once the customer starts hitting those points for inputting them, BioCatch can alert you. I would recommend the solution. It's certainly an up-and-coming option that has worked well for us. I would just warn that the implementation is quite complex and something to be aware of. That said, it's very effective in reducing fraud once it's set up. Overall, I'd rate it eight out of ten. I'd rate it higher if it had more integration on the IT, model scaling, and data usage side of things. They do need to practice better transparancy.