Business Partnership

Security attacks on financial firms and their customers have escalated dramatically in recent years. Account Takeover (ATO) costs have tripled and fraud has doubled. Balancing adequate security and transformation goals against frictionless customer experience is a difficult challenge. The NICE Actimize and BehavioSec partnership was established to enable financial organizations to stay abreast of the latest threats and challenges related to authentication, transformation, ATOs, fraud, and financial crime. NICE Actimize is a NICE business (Nasdaq: NICE) and leader in autonomous financial crime management, and BehavioSec is a leader in deep authentication through behavioral biometrics. BehavioSec has joined the NICE Actimize X-Sight Marketplace, the industry’s first financial crime risk management ecosystem designed to assist financial organizations in evaluating innovative solutions while balancing customer experience and regulatory mandates.

Integrating data from BehavioSec’s platform into the NICE Actimize Integrated Fraud Management Platform (IMV-X) enables financial firms to enrich customer data sets with behavioral biometrics data to improve the accuracy of fraud detection while reducing customer friction during the authentication process. Behavioral biometric data assists in detecting unauthorized fraud attacks, including ATOs and authorized fraud schemes such as social engineering designed to deceive consumers into sending money under false pretenses. CLICK HERE to schedule a call to learn more about the partnership.