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BioCatch Strengthens Collaboration with Microsoft Cloud for Financial Services

BioCatch, a global leader in fraud detection, today announced the global expansion of its behavioural biometric intelligence solutions in collaboration with Microsoft and is now available as an offering for Microsoft’s Cloud for Financial Services (FSI Cloud).
Microsoft Cloud for Financial Services provides capabilities to deliver differentiated experiences, empower employees, and combat financial crime while facilitating security, compliance, and interoperability.

Working with Microsoft since 2011, BioCatch provides effective and comprehensive anti-fraud support, and through Microsoft Cloud for Financial Services, BioCatch can extend further protections for banks transitioning to cloud-based operations for a protected, frictionless digital experience for consumers.

BioCatch and Microsoft reliably enable consumer protections against fraud through BioCatch’s behavioural biometrics software and Azure’s intelligent banking platform, underscoring the impact the solution alignment has had with financial institutions for over a decade.
“BioCatch and Microsoft have been great partners for us in our mission to protect M&T banking customers from harmful fraud attacks,” says Aaron Steinitz, Director of Enterprise Fraud Policy and Governance, M&T. “The visibility we get into the data by leveraging BioCatch’s technology via Microsoft Azure enables our fraud teams to swiftly address complex fraud attacks and reduce manual reviews, giving our customers better protection and an improved experience.”

“We are excited to continue working with Microsoft to provide behavioural biometric cloud-based fraud protection solutions for financial institutions looking to reduce risk for their cloud operations,” said Eyran Blumberg, BioCatch COO. “As banks and fintech businesses take their operations to the cloud, threat actors looking to exploit cloud vulnerabilities and scam the consumer become a larger problem. BioCatch is proud to provide the necessary and effective solutions for financial institutions to continue growing in the right direction, with the important understanding that their consumer accounts are kept safe.”

One of the key elements of BioCatch’s technology now being available for Microsoft Cloud for Financial Services is the ability for financial services organisations to purchase BioCatch’s solutions through Azure Marketplace. This accessibility enables them to seamlessly combine their transition to cloud-based financial operations with a proven behavioural biometrics solution that can analyse billions of sessions per month for its users. Through this, Azure provides enhanced risk management and protection for customers through a seamless user experience.

“We’re pleased that BioCatch is tapping into the power of Microsoft Cloud for Financial Services to help financial institutions unlock business value and deepen customer relationships,” said Bill Borden, Corporate Vice President, Worldwide Financial Services, Microsoft. “We look forward to the enhanced opportunities this will bring to our joint customers, helping empower fraud and risk teams with behavioural biometric intelligence to act quickly while also giving consumers a safer and frictionless digital banking experience.”

BioCatch’s fraud prevention solution also keeps financial business operations in compliance with protection measures and digital safety requirements. With this, BioCatch’s behavioural biometrics solution enables financial institutions that use Azure to streamline fraud detection capabilities with global cloud scaling, keeping pace with the needs and demands of any cloud strategy financial institutions seek to deploy in Azure.