Behavioral biometrics firm helps Arvato Financial Solutions combat fraud
Arvato Financial Solutions has partnered with behavioural biometrics firm NuData Security to develop a joint solution that integrates behavioral analytics and passive biometrics with a common platform, giving joint clients a more comprehensive understanding of their users in order to provide a frictionless and enhanced experience for legitimate customers while protecting against abuse.
According to a company statement, Arvato Financial Solutions has chosen best-of-breed partners combining cutting-edge technologies with their local market know-how and analytics expertise to combat increasingly complex fraud phenomena along the entire customer journey. Arvato’s solution accurately verifies a users’ online identity by authenticating the user based on their natural and subtle interactions online, behavior that cannot be mimicked or replicated by a third party. These capabilities help to maximize detection, reduce false positives and optimize user identification.
“Our vision is to provide an innovative modular and international solution to stop fraud, prevent attacks and continuously verify good users,” said Frank Schlein, President Risk Management at Arvato Financial Solutions. “We selected NuData Security as a partner, because together we can successfully provide clients with a comprehensive solution, integrating innovative technologies such as device fingerprinting, behavioral analysis, passive biometrics and profound analytical expertise, specific European market insight as well as local data protection know-how.”
“We are excited to be partnering with Arvato and choose best-in-class partners to join forces with, so we can offer comprehensive solutions to deliver results. Fraudulent online behavior can send ripples through organizations, directly impact the bottom line and disgruntled customers could damage the brand image,” said Michel Giasson, CEO of NuData Security.