Revelock Unveils New Fraud Detection & Response (FDR) Platform For Financial Institutions to Continuously Protect Against Fraud
Nonstop User Verification with automated response capabilities dramatically reduce fraud losses and fraud operations costs
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MADRID, April 21, 2021 /PRNewswire/ -- Revelock, the pioneer in behavioral biometric based online fraud prevention (formerly known as buguroo), has today announced the launch of the Revelock Fraud Detection & Response (FDR) Platform. The all-in-one platform protects web and mobile banking apps with enhanced response capabilities delivered by the company's previous flagship product, bugFraud.
Revelock
The new Revelock platform combines behavioral biometrics, network and device assessment with hybrid AI to create a BionicID™ digital fingerprint of each user, enabling banks and other financial services providers to "Know Your User (KYU)" and continuously verify users at every interaction. A combination of per user models, population-based models and bad actor models continuously updated based on the latest knowledge of adversary Tactics, Techniques, and Procedures (TTP), boosts organizations' ability to accurately spot bad actors and protect legitimate users against identity manipulation and impersonation threats, all without adding friction to the customer journey.