back Back

ABNB Federal Credit Union launches BioCatch on Alkami Digital Banking Platform

By Edlyn Cardoza

September 08, 2022

  • ABNB Federal Credit Union
  • Alkami Platform
  • Alkami Technology
Share

Alkami Technology, Banks, Credit Unions, ABNB Federal Credit Union, BioCatch Solution, Alkami Platform, Cybercrime, Fraud Attacks, Risk Score, Financial Institutions, Online Banking, USAAlkami Technology, Inc., a cloud-based digital banking solutions provider for banks and credit unions in the U.S., recently announced its client, ABNB Federal Credit Union, has launched the BioCatch solution via the Alkami Platform to protect members from fraud attacks and cybercrime with fraud mitigation technology.

“The steady increase in mobile and online banking usage by our members over the past two years has led to a similar spike in fraudulent activities,” said Mick Vollmer, chief information officer of ABNB. “The addition of BioCatch will help us further protect our members in real time from threats such as social engineering scams, account takeovers, fraudulent account opening and mule account detection.”

A member of Alkami’s Gold Partner Program, BioCatch monitors user behavior throughout the account lifecycle, at origination, and continuously throughout each online session to identify risk by analysing actions such as mouse movements, typing cadence, or interaction with the screen. Leveraging machine learning to produce a risk score, BioCatch identifies and alerts the financial institution to genuine or fraudulent behavior. The technology helps ensure account holders are provided with a secure and seamless digital experience, all while reducing the financial institution’s risk.

“We believe that no financial institution should have to accept increased fraud risk in order to deliver a premium customer experience, and we observe that the most sophisticated fraud attacks do not discriminate based on size, stature or location,” said Gadi Mazor, chief executive officer of BioCatch. “By leveraging our cutting-edge technology, ABNB can provide its members with a world-class online banking experience while protecting against the newest fraud attacks before funds are lost. BioCatch is committed to Alkami’s gold standard in digital banking by enabling seamless user experiences through our fraud prevention techniques. We are pleased our partnership with Alkami is enabling more financial institutions to protect their most vulnerable clients and provide enhanced digital user experiences.”

“Security and fraud prevention are top of mind for financial institutions across the country. ABNB is another Alkami client leading the way in their adoption of bleeding edge innovation to guard and protect their members,” added Stephen Bohanon, co-founder and chief strategy and product officer of Alkami. “I am thrilled to see ABNB joining the community of Alkami clients working to proactively get ahead of these threats while also enhancing the user experience.”

Previous Article

September 08, 2022

Easy EP partners with Carta Worldwide to boost South European FinTech

Read More
Next Article

September 08, 2022

CellPoint Digital partners with Radisson Hotel Group

Read More








IBSi Daily News Analysis

UAE

February 27, 2024

ABNB Federal Credit Union

Saudi Arabia’s FinTech market poised for exponential growth: vision 2030 sparks innovation surge

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Aevi and Silverflow partner to support banks in Europe & North America

Read More

Today

Šiaulių Bankas taps Temenos to modernize core banking platform

Read More

Today

Dvara Money & Jana Small Finance Bank to enable Digital Banking in India

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023