Intelligent CIO LATAM Issue 48 | Page 37

FEATURE: CYBERSECURITY account and network, before a transfer of funds takes place. This is a systemic problem that requires a systemic solution. It takes one network to fight another network and we are proud to now offer Argentine banks the possibility of joining their own information exchange network to fight back.”
This network combines behavioral intelligence with digital session data, payments, accounts, devices and non-cash events to assess the potential risks of a receiving account before a payment is processed. This allows financial institutions to prevent fraud( investments, business email account compromise, romance scams for investment purposes, etc.) in which the fraudster manipulates the victim outside of the digital banking environment, often through emails, text messages, or social media posts. BioCatch Trust accomplishes this by using proven anonymized technology to protect the identity of customers within the BioCatch Trust network.

AS MORE BANKS BECOME PART OF THIS NETWORK,

THE SYSTEM BECOMES SMARTER AND MORE EFFICIENT, OFFERING DEEPER INSIGHTS AND BROADER COVERAGE. www. intelligentcio. com INTELLIGENTCIO LATAM 37