Problem overview

Fraud detection rates have improved as a result of financial institutions leveraging multi-factor and SCA-compliant solutions. However, simply fulfilling security requirements or adhering to local regulations is only one aspect. You must also optimize fraud detection to keep users safe and deliver a seamless digital journey.

By integrating BioCatch's Inherence Analysis for SCA, you can enhance your existing multi-factor and compliant solution by incorporating an additional layer that evaluates how users input sensitive information, such as one-time passwords (OTPs) and passcodes. This assessment helps identify whether the user exhibits patterns typical of a fraudster using stolen details or a legitimate customer utilizing their card for an online purchase. By supplementing your existing knowledge and possession checks, this approach elevates your defenses against online card fraud to the next level.