Company Database - buguroo

Deep learning for online fraud prevention

buguroo was founded in 2010 to develop cybersecurity and disruptive anti-fraud solutions, always keeping abreast of the latest market trends. Today, buguroo is the mastermind behind the most comprehensive solution for online fraud prevention known as bugFraud. Thanks to this product, companies with high Internet exposure across the globe protect their customers in real time from phishing, malware and Account Takeover.

Business model
Cloud-based, Software-as-a-Service (SaaS)

Target market
Financial institutions, payment services providers

Contact
Pedro Asua, Head of Marketing ; info@buguroo.com

Geographical presence
Global

Active since
2010

Service provider type
Online banking fraud detection company, technology vendor


SERVICES
Unique selling points 
buguroo has a unique and holistic end-user centric approach to fight online fraud based on Behavioural Biometrics analysis that detects the greatest number of online fraud use cases on the market. Based on an innovative Deep Learning technology, our solution creates a unique biometric profile for each user precisely, providing protection even during the onboarding phase (New Account Fraud - NAF).

Core services 
Online banking fraud prevention

Pricing Model
Buguroo commercialises BugFraud in a SaaS model. The annual fee depends on the number of active users per customer.

Fraud prevention partners
We have partners and OEMs in each geography 

Other services
Fraud services upon request

Third party connection
Lookout, Nice actimize


TECHNOLOGY: anti-fraud detection tools available
Address verifications services 
No

CNP transactions
No

Card Verification Value (CVV)
No

Bin lookup
No

Geo-location Checks
Yes

Device Fingerprint
Yes

Chargeback Reduction
No

Payer Authentication
No

Velocity Rules – Purchase Limit Rules
No

White list/black list database:
Yes

KYC – Know Your Customer
Yes

Behavioural analysis
Yes

Credit Rating
No

3D Secure 2.0 - authentication
No

Machine learning
Yes

Data analytics
Yes

Follow up action
No

Other
We create an unique biometric profile for each user using thousands of parameters relating to the customer’s behavioral biometrics and environment information


AUTHENTICATION TECHNOLOGY USED
Password/phrase
No

One-time password
No

Token
No

Digital certificates
No

Multi-factor authentication
No

Biometrics
Yes

Card 
No

PIN
No

AUTHENTICATION CONTEXT
Online

Yes

Mobile
Yes

ATM
No

POS
No

Call centre
No

Other
No

REFERENCE DATA CONNECTIVITY
Connectivity to governmental data
No

Other databases
No


FRAUD MANAGEMENT SYSTEM TYPE
Single-channel fraud prevention system
No

Multi-channel fraud prevention system
Yes

CERTIFICATION
Type
not applicable

Regulation
not applicable

Other quality programs
not applicable

Other remarks
not applicable

CLIENTS
Main clients / references
Available upon request.

Future developments
We follow an agile development schedule with  two mayor releases each year and several minor releases each quarter.