CaixaBank and Revelock develop AI powered fraud prevention solution

Monday 20 September 2021 11:10 CET | News

Spain-based CaixaBank has partnered with fraud prevention company Revelock to develop a solution based on artificial intelligence, aimed at preventing fraud in digital banking channels.

The technology, which is already integrated into CaixaBankNow, CaixaBank's online banking platform, detects alterations in customers' habitual patterns of behaviour during online transactions that could be the result of attempted fraud by cybercriminals. The solution continuously assesses users' online interactions and compares them with risk patterns, providing security to all CaixaBank's online banking users.

Through this partnership, CaixaBank is reinforcing its strategy of applying new technology to the creation of new financial services and fraud control. It is also the result of the bank's commitment to a strategy of collaboration with start-ups, which enables the bank to speed up the time from idea to implementation, and identify talent.

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Keywords: partnership, fraud prevention, artificial intelligence, digital banking
Categories: Securing Transactions | Digital Identity, Security & Online Fraud
Countries: Spain
This article is part of category

Securing Transactions

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