Intelligent CIO LATAM Issue 48 | Page 38

FEATURE: CYBERSECURITY
BioCatch Trust Argentina: They said it
Pedro Adamovic, Chief Information Security Officer, Galicia:“ In the fight against fraud, collaboration between companies is fundamental and thanks to BioCatch Trust we can use this principle intelligently to complementing our transactional behavior and biometric intelligence technologies.
“ This network, where we can have information from receiving accounts before the transfer is made, gives us an advantage to reinforce our strategy. Reducing the number of customers who fall victim to scams is our priority.”
Manuel Barud, Head Of Fraud Prevention, Naranja X:“ We look forward to the potential of this collaboration through BioCatch Trust Argentina to complement our security strategies,.
“ Real-time information sharing could offer additional insight into our fraud prevention efforts. We are confident that the market as a whole will participate in this tool, in order to give it the strength that allows us to achieve a safer ecosystem for all.”
Fernando Turri, Head of Technology and Operations, Santander Argentina:“ The security of our customers is a priority, and collaboration is key to meeting the challenge of financial fraud.
“ BioCatch Trust Argentina allows us to anticipate threats in real time, preventing funds from reaching fraudulent accounts. With this innovative approach, we strengthen the protection of the financial system and strengthen the trust of those who operate with us. Not only do we provide more security, but also a better experience, with less friction for genuine transactions.”
The strength of the BioCatch Trust network improves with each new financial institution that joins. As more banks become part of this network, the system becomes smarter and more efficient, offering deeper insights and broader coverage. This collective intelligence helps protect against existing, unknown, and emerging threats, significantly improving fraud detection across the Argentine banking ecosystem.
BioCatch Trust Argentina is the second intelligent information exchange network of its kind. BioCatch launched BioCatch Trust Australia in 2024.
BioCatch Trust complements existing networks that share information and is now the first and only network to identify risk in real time, before money leaves a potential victim’ s account. p
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