Arvato invests in behavioral biometrics firm SecuredTouch
The SecuredTouch technology detects fraudulent behavior, as well as attempted fraud through automated computer attacks carried out using emulators, bots and malware. SecuredTouch collects and analyzes a dynamic set of over 100 different behavioral parameters like keyboard typing, scroll velocity, touch pressure and finger size to automatically create a unique user behavioral profile, continuously verifying the user, and ensuring transactions are not being attacked by automated tools.
According to the announcement, the financial services provider’s long-established relationships with international top players in different industries and particularly the synergies of both companies constitute the biggest added value of the investment.
“Investing in SecuredTouch allows us to partner with a global leader in behavioral biometrics for mobile devices, and to reinforce our online security and fraud prevention services in the best possible manner,” Robert Holm, senior vp fraud management at Arvato Financial Solutions explained.
“We see a clear synergy between the offerings and strategies of Arvato Financial Solutions and SecuredTouch.” added Yair Finzi, CEO and founder of SecuredTouch. “We have created a partnership that will enable SecuredTouch to expand its international presence and enhance its positioning in the areas of fraud and authentication. Arvato Financial Solutions with its international expertise in risk and fraud management is an ideal investor and partner for this purpose.”
BioCatch CEO Howard Edelstein recently said that increasing awareness has led to a race in the behavioral biometrics market, and Gartner predicted that on-device AI will enable behavioral biometrics to replace many passwords and active authentications on smartphones.