The purpose-driven Baxter Credit Union (BCU) has announced a partnership with BioCatch, the industry leader in behavioural biometrics and fraud detection.

For the purpose of keeping their members safe from the ever-evolving cybercrime landscape and the latest fraudulent threats, BCU has partnered with the Lumin Digital (Lumin) network and is making use of BioCatch’s cutting-edge fraud detection and prevention solutions, which are fueled by native behavioural biometrics.

According to Mike Keating, BioCatch’s chief revenue officer, “when we look at the threat landscape today, cybercriminals are attacking financial institutions at rates we’ve never seen before.” “These strategies can take many forms, but they all aim to undermine and disrupt essential financial services on a global scale. We are proud to partner with BCU, a pillar of the financial community, and support their mission by eradicating threats in real time, thereby enabling them to do what they do best: provide the best banking experiences in the industry.”

BioCatch is a fraud and identity theft detection system that uses a user’s digital and physiologic behaviour to identify legitimate users from cybercriminals. BioCatch’s behavioural biometric technology keeps a constant eye out for danger during the duration of a user’s time spent online by analysing things like the user’s mouse movements, typing cadence, and other interactions with the screen. BioCatch uses machine learning to generate a risk score, which it then uses to distinguish between legitimate and fraudulent activity, thus allowing financial institutions to provide their customers with a safe and frictionless digital experience.

Source: Prnewswire