BioCatch has partnered with Microsoft to expand its behavioural biometric intelligence solutions. The collaboration brings advanced online fraud detection capabilities to Microsoft’s Cloud for Financial Services (FSI Cloud). By integrating BioCatch’s technology into Azure’s intelligent banking platform, the collaboration delivers an end-to-end intelligent banking cloud platform with enhanced risk management and seamless user experiences for financial institutions transitioning to cloud-based operations.
With BioCatch’s behavioural biometrics solution available through Azure Marketplace, financial services organizations can easily access and deploy the proven fraud prevention solution. This will enable financial institutions to streamline fraud detection capabilities, ensure compliance with digital safety regulations, and scale globally. The collaboration empowers fraud and risk teams with behavioural biometric intelligence, providing a safer and frictionless digital banking experience for consumers.
Yashi Saxena, Analyst at Quadrant Knowledge Solutions, stated that “The extended collaboration between BioCatch and Microsoft brings forth a range of benefits for users such as enhanced risk management and seamless interactions while transitioning to cloud-based operations. The availability of BioCatch’s fraud prevention solution through Azure Marketplace enables easy access and deployment for financial institutions, streamlining fraud detection capabilities and ensuring compliance with digital safety regulations. Overall, BioCatch’s technology via Microsoft Azure will swiftly address fraud attacks and help in reducing manual reviews, giving customers an extra layer of protection and an improved experience.”
Author : Yashi Saxena Analyst at Quadrant Knowledge Solutions