Partnering with the X-Sight Marketplace, BehavioSec will offer behaviorial biometrics that provide continuous authentication to reduce fraud and risk across digital channels
Helping financial services organizations keep up with a changing market landscape, NICE Actimize, a NICE business and leader in autonomous financial crime management, announced that BehavioSec, a pioneering vendor behind behavioral biometrics, has joined the X-Sight Marketplace, the industry’s first financial crime risk management-focused ecosystem designed to assist financial services organizations evaluate new point solutions and move to stay on top of a challenging regulatory and criminal environment.
The X-Sight Marketplace leverages the X-Sight Platform-as-a-Service and further expands the functionality offered by the platform. The NICE Actimize X-Sight Platform-as-a-Service offers a single, unified, cost-effective way for financial service organizations to rapidly innovate and to introduce new services while supporting best-in-class financial crime, risk and compliance management capabilities.
Marketing Technology News: Recurrent Dynamics Disrupts the AI Ecosystem with Breakthrough Training Approach
Technology providers such as BehavioSec, in partnering with NICE Actimize’s X-Sight Marketplace ecosystem, are reviewed for their ability to complement financial crime and compliance solutions. Once approved, software and service providers become available to the NICE Actimize community via the X-Sight Marketplace. FSOs can quickly browse through X-Sight Marketplace solution categories to find scalable options that solve their unique business problems.
BehavioSec Behavioral Biometrics helps financial services, fintech, retail, and other customers defeat relentless attacks utilizing stolen passwords and other weaponized online credentials. BehavioSec comprehensively addresses identity, security and usability imperatives by offering a GDPR-compliant anti-fraud edge – BehavioSec’s software builds user profiles incorporating individuals’ inherent behavior with no added interaction required. Instantly comparing login attempts and session behavior against these intrinsic user profiles,
Integrating data from BehavioSec into NICE Actimize Integrated Fraud Management Platform, IFM-X, enables financial service organizations to enrich customer data sets with behavioral biometric data which helps to improve the accuracy of fraud detection and reduce friction in authentication processes. Behaviorial biometric data assists in detecting both unauthorized fraud attacks, such as account takeover, and authorized fraud schemes, such as social engineering consumers into sending money under false pretenses.
Marketing Technology News: Daily MarTech Roundup: The 5 Coolest Things in Marketing and Sales Today
“BehavioSec welcomes this partnership with NICE Actimize. We have many customers in common which benefit from the frictionless, deep and continual authentication the BehavioSec solution provides. By building unique profiles which can’t be replicated, we give joint customers deeper visibility into attempted online account takeover and fraud,” said Neil Costigan, CEO, BehavioSec. “By joining the NICE Actimize marketplace, BehavioSec can offer customers an authentication solution which integrates with their existing operations/analytic tools and enables a frictionless mobile/web-based application experience. We look forward to building our presence on this innovative community platform.”
“We are excited that BehavioSec, which shares our common goal of fighting financial crime and fraud through the benefits of a marketplace ecosytem, is partnering with us and joining the X-Sight Marketplace community,” said Craig Costigan, CEO, NICE Actimize. “By connecting via a cloud environment, community participants will experience a quicker time to value and minimized integration cost as they evaluate new solutions for their financial services organizations.”
Additional categories that will be added to NICE Actimize’s X-Sight Marketplace from other partner participants will include: ID Verification, Ultimate Beneficial Ownership, Value-added Data & Adverse Media, Watchlist, Device Identification, and User Authentication & Fraud. Additional partners will be announced as the X-Sight Marketplace grows.
Marketing Technology News: Nuxeo Announces New Connectors and a Bolstered AI Framework for its Content Services Platform