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Home / Market / Banks Adopt Behavioral Biometrics as CFPB Cracks Down on Digital Payment Fraud
Banks Adopt Behavioral Biometrics as CFPB Cracks Down on Digital Payment Fraud

Banks Adopt Behavioral Biometrics as CFPB Cracks Down on Digital Payment Fraud

2024-12-29  Per Henrikson

Behavioral biometric systems analyze various aspects of user behavior for identity verification. Banks and digital payment platforms are integrating artificial intelligence-powered biometrics, including facial recognition, voice recognition, and fingerprint scanning, to strengthen security measures. The implementation follows BioCatch’s successful launch of BioCatch’s Trust Network, the world’s first inter-bank behavioral fraud detection system launched in late 2024. 


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