Tyfone, BioCatch Partner to Deliver Advanced Account Takeover Protection

​Digital banking solutions provider Tyfone today announced a strategic partnership with BioCatch, which prevents financial crime by recognizing patterns in human behavior, to help community financial institutions (CFIs) proactively detect and prevent fraudulent activity across digital channels. BioCatch’s behavior- and device-based Account Takeover Protection solution is now seamlessly integrated with Tyfone’s nFinia® Digital Banking Platform, a configurable solution designed to meet the evolving needs of both retail and commercial banking customers.
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The addition of BioCatch’s real-time behavioral analytics to Tyfone’s nFinia platform provides CFIs with an additional layer of security, including the ability to safeguard accountholders from increasingly sophisticated social engineering scams, remote access tool (RAT) attacks and mule account creation. BioCatch's Account Takeover Protection solution continuously analyzes web and mobile sessions in real time, detecting subtle anomalies in user behavior, devices, networks and installed applications. 

“Account takeover fraud is one of the most pervasive threats in digital banking,” said BioCatch’s Senior Director of Global Integration Partners and Alliances, Jay Whoriskey. “By embedding our behavioral intelligence into Tyfone’s digital banking platform, community financial institutions gain real-time protection, identifying and stopping fraud before any money leaves the would-be-victim’s account without compromising the user experience.”

This partnership further equips CFIs with the tools they need for behind-the-scenes monitoring of user behavior to distinguish legitimate accountholders from cybercriminals, even when credentials are compromised or devices are hijacked.

“At Tyfone, security is core to how we build trust,” said Eric Fisher, SVP of Sales, Tyfone. “Partnering with BioCatch brings an unmatched layer of behavioral intelligence to our platform, giving our clients the confidence to fight fraud while keeping the digital experience frictionless and human-centered.”