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

Mobile ID World

Mobile ID World

Identification Revolution

  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

Revelock Introduces New Proactive Fraud Prevention Platform

May 4, 2021

Revelock has unveiled a new Fraud Detection & Response (FDR) Platform that was built to help financial institutions detect and respond to fraud in a more timely fashion. The offering is the company’s first major product launch following its rebrand from buguroo earlier in April.

Revelock Introduces New Proactive Fraud Prevention Platform

FDR provides coverage for both web and mobile channels, and uses a combination of behavioral biometrics and network and device analytics to create a unique BionicID for each user. Once generated, that BionicID enables ongoing passive identity verification, since the platform will compare new sessions to previous sessions to watch for any anomalies.

From there, FDR will step in automatically if it spots anything suspicious. The active defense system comes with a Malware Blocker, a Phishing Blocker, and an mRAT Blocker that will trigger an auto-response if it detects those respective threats, while the pre-emptive defense system has a Revelock Hunter (formerly Fraudster Hunter) tool that watches for behaviors that have been associated with fraud. Those behaviors are based on bad actor models that are regularly updated to account for the latest tactics and techniques being used by cybercriminals.

With Revelock Hunter, financial institutions configure FDR to auto-block suspected mule accounts, or to thwart a potential account takeover. The continuous authentication system monitors interactions in real time, providing strong security without creating additional friction for legitimate customers.

“With an active defense approach, we stop fraud before it happens, reducing the number of fraud cases with automated responses,” said Revelock CEO Pablo de la Riva. “In addition, our non-intrusive BionicID models let our customers Know Their Users at every interaction, substantially reducing false positives and false negatives, preventing negative customer experiences and freeing up resources to work on more complex investigations.”

Revelock has argued that behavioral biometrics can make it easier for financial institutions to comply with various data protection regulations. The company has also noted that attacks against the payments industry increased after the outbreak of COVID-19.

Filed Under: Industry News Tagged With: anti-fraud, anti-fraud solutions, anti-fraud technology, behavioral biometrics, Biometric, biometrics, BionicID, financial services biometrics, Revelock, Revelock Fraud Detection & Response

Related News & Articles

POS AG Enables SIM Card Self-activation with BioID Tech

Activision Incentivizes 2FA With Call of Duty XP Giveaway

Netcetera Provides 3DS Solution for NEC Payments

Primary Sidebar

Learn About Mobile ID and Aviation

Tweets

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

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi’s product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/

Recent Posts

  • TSA to Expand MDL Pilot to Puerto Rico, Tennessee Airports
  • OECD Issues Draft Recommendation for Digital ID, Invites Comment
  • NordPass, Yahoo! Japan, and Regula Keep Up Mobile Biometrics Momentum
  • NordPass Enables Biometric, TOTP-secured 2FA for Business Users
  • Mastercard Solution Certified Under UK’s Digital ID Framework

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 MobileIDWorld