Nasdaq Verafin, BioCatch launch global payments fraud alliance
Nasdaq Verafin, BioCatch launch global payments fraud alliance

Nasdaq Verafin, BioCatch launch global payments fraud alliance

News summary

Nasdaq Verafin and BioCatch have formed a strategic partnership to combat the rising threat of payments fraud globally by integrating their complementary technologies. Nasdaq Verafin brings its large consortium data network, which aggregates information from over 725 million counterparties and supports institutions with more than $10 trillion in assets, while BioCatch contributes advanced behavioral biometrics analyzing up to 3,000 unique data points such as keystrokes and device interactions. The initial phase involves embedding BioCatch's behavioral alerts and insights directly into Nasdaq Verafin’s fraud detection platform, enabling financial institutions to combine behavioral and transactional intelligence to stop fraudulent transactions in real time before funds leave customer accounts. This collaboration aims to reduce false positives and enhance decision-making by providing a more holistic view of transaction risks, breaking down silos that have traditionally hindered fraud prevention. Both companies plan further integration efforts, joint research, and thought leadership to strengthen fraud-fighting capabilities across the financial industry amid the accelerating adoption of faster and real-time payment systems. Executives from both firms emphasized that industry collaboration is crucial to address increasingly sophisticated criminal threats and protect consumers more effectively.

Story Coverage
Bias Distribution
50% Center
Information Sources
daae85f0-2883-42fc-b085-888140adf30da3544a73-dab3-486d-ae75-bd4d15f01f55
Left 50%
Center 50%
Coverage Details
Total News Sources
3
Left
1
Center
1
Right
0
Unrated
1
Last Updated
27 days ago
Bias Distribution
50% Center
Related News
Daily Index

Negative

26Serious

Neutral

Optimistic

Positive

Ask VT AI
Story Coverage
Subscribe

Stay in the know

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Present

Gift Subscriptions

The perfect gift for understanding
news from all angles.

Related News
Recommended News