Payment and banking solutions provider ACI Worldwide has partnered with BioCatch to safeguard the customers from online and mobile banking frauds using behavioral biometrics platform.

The collaboration aims to assist the banks in detecting online frauds without affecting user experience.

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The agreement will see the expansion of ACI’s UP Payments Risk Management solution with BioCatch’s real-time behavioural assessments.

ACI Worldwide Payments Intelligence & Risk Solutions global director Cleber Martins said: “New and emerging online threats such as account takeover, social engineering and robotic activity are difficult to keep up with while pursuing an enriched customer experience.

“By providing banks with cost-efficient access to behavioral biometrics technology from BioCatch, and expanding the powerful enterprise risk management eco-system from ACI, banks can further promote safety and loyalty through the online relationship with their clients, and rest assured that their important assets are being protected on every channel.”

Established in 2011, BioCatch develops behavioural biometrics by assessing human-device interactions.

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It utilises subtle tests called ‘invisible challenges’ during the customers’ online banking sessions. The user responses from these challenges are used to develop the behavioural data, which in turn helps to determine a real user and an imposter.

With ACI’s UP Payments Risk Management solution, the technology will enable the banks to tackle conventional and robotic cyber threats in real-time.

BioCatch CTO and founder Avi Turgeman said: “As online and mobile banking proliferates, fraudsters are consistently finding new ways to infiltrate banks’ systems, creating havoc for consumers and businesses alike.

“By using behavioural data to distinguish between a genuine customer and a fraudster – whether human or non-human – we are able to detect fraudulent activity in real-time and protect consumers.”