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AimBrain raises GBP 4 mln to tackle fraud in banking sector

Wednesday 21 June 2017 14:13 CET | News

Cybersecurity company AimBrain has raised GBP 4 million to tackle the problem of online fraud levels faced by banks using behavioural biometrics.

AimBrain is developing an authentication service using biometrics to track how a customer interacts with a specific device, including touch pressure, typing speed, and whether the users handshakes when holding their phone or tablet.

Users can be asked by the companys service to step up the evaluation, to include facial or voice recognition as well, if there is any uncertainty in the behavioural analysis of the customer using the app.

The fundraising round, led by venture capital company BGF Ventures, will help AimBrain expand across its offices, located in South Africa, Nigeria and UAE.


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Keywords: AimBrain, web fraud, banking, security, behavioural biometrics
Categories: Fraud & Financial Crime
Companies:
Countries: World
This article is part of category

Fraud & Financial Crime






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