Feedzai has recently acquired behavioural biometric platform Revelock following a $200 million funding round earlier this year, aiming to enhance transaction protection as online shopping grows.
The merger will create a repository of over a trillion data points, capturing sessions and profiles of both legitimate users and fraudsters. Feedzai’s Segment of One Profiling utilizes 150 billion data points to assess whether transactions are fraudulent. Revelock contributes biometric intelligence from every user, device, and session interacting with the system.
Revelock’s technology can identify subtle changes in user behavior, such as variations in how a phone is held or the speed of navigation within a banking app, to determine the trustworthiness of a session.
Nuno Sebastiao, CEO of Feedzai, stated, “Integrating Revelock into our offerings shifts our strategy from merely securing transactions in real-time to proactively preventing crime before it occurs.”