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BioCatch identifies difficulties adapting to emerging financial threats
June 2, 2023, 5:19 p.m. | William McCurdy
Biometric Update www.biometricupdate.com
New research from behavioral biometrics firm BioCatch has identified concerns from financial institutions about dealing with emerging financial threats, finding 78 percent of them were concerned with their ability to respond quickly and effectively.
The vast majority - 8 out of 10 - of financial institutions surveyed also said they struggle to provide digital experiences that are “both frictionless and secure” according to research.
In addition, 83 percent of the respondents say the market environment demands that they keep up …
banking behavioral biometrics biocatch biometrics biometrics news effectively emerging financial financial institutions financial services financial threats fraud prevention institutions quickly research respond secure transactions threats vast
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