Behavioural biometrics: Meeting the deployment challenge

 

• What are the most recent improvements in behavioural biometrics immediately?
  
  
• How are the varied regulatory blocs working alongside behavioural biometrics?
  
  
• Behavioural biometrics can each contribute to current detection capabilities and in addition to improve the general fraud prevention technique. How can behavioural biometrics greatest be integrated into fraud methods?

 

The monetary companies business is dealing with an unprecedented stage of risk from fraudsters. In 2023 alone, the whole value of fraud was estimated by SWIFT to be nearly $500 billion.

Because the complexity of assaults rises, so too should the technique of defence. One of many freshest and most promising improvements on this space are behavioural biometrics, which measure and distinguish patterns within the behaviour of true system customers. In proof-of-concepts, this tactic has confirmed extremely efficient in separating out real exercise from that which is fraudulent.

Nevertheless, in follow, behavioural biometrics could be a bloated, noisy answer. Actually, it can’t be regarded as a stand-alone reply to fraud – however fairly, one a part of a composite, holistic sign. With a view to be each efficient and compliant throughout jurisdictions, behavioural biometrics calls for severe thought round implementation and deployment. Solely then can it increase and super-charge an organisation’s broader fraud technique.

So how can monetary establishments effectively obtain this? And the way can they most successfully benefit from behavioural biometrics of their general fraud technique whereas concurrently addressing the considerations round it?

Join this Finextra webinar, hosted in affiliation with Outseer, to affix our panel of business specialists who will discover the most important challenges round implementing behavioral biometrics immediately.