back Back

Revelock and Sionic to enable financial institutions fight online fraud

By Megha Bhattacharya

June 09, 2021

  • America
  • Revelock

Revelock has announced that it is partnering with Sionic, the global financial services consultancy, to help banks and financial services providers around the world take a more proactive approach to detect and respond to fraud. Sionic will offer Revelock’s ‘Fraud Detection and Response (FDR) Platform’ as part of its portfolio of anti-fraud solutions that together protect clients and their customers from constantly evolving and expanding fraud attacks.

“We are constantly reviewing the latest innovations in the fraud prevention space to ensure our clients are in the best possible position to tackle the rising tide of fraud,” said Gareth Evans, Sionic Director and head of the firm’s specialist anti-fraud team. “Revelock’s ability to detect and then pre-emptively block and respond to fraud attempts makes it a crucial addition to our fraud prevention portfolio. We’re excited about how this partnership will deliver key benefits to our clients, such as cutting losses incurred by fraud and reducing the workloads of their fraud teams.”

Revelock’s solution works by leveraging advanced behavioural biometrics and hybrid-AI to create a BionicID for each user. This works like a digital fingerprint, enabling financial institutions to know every user at a granular level and detect anomalies created by any threat vector that may be used to take over accounts. The platform also provides an ‘Active Defense’ through configurable automated responses to fraud. Together, these capabilities enhance organisations’ ability to accurately spot bad actors and proactively protect legitimate users against identity impersonation and manipulation threats, all without adding friction to the customer journey.

“We’re delighted to partner with Sionic to make our technology more easily accessible to its world-renowned clients,” said Pablo de la Riva Ferrezuelo, CEO at Revelock. “Their expertise – so often gained through time on the frontlines facing the very attacks we are working to block – will be invaluable to us in our efforts to help financial services advance in the fight against online fraud.”

Previous Article

June 08, 2021

MCB implements MITECH’s TRAC collateral management system on a cloud

Read More
Next Article

June 09, 2021

Galileo welcomes Derek White as new Chief Executive Officer

Read More

IBSi Daily News Analysis


April 18, 2024


GCC banks bolster Cybersecurity measures to combat email fraud

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

April 12, 2024

MAS and Mastercard to boost cybersecurity services in Singapore

Read More

April 05, 2024

Mangopay appoints Bertrand Dezard as Head of Sales for Fraud

Read More

April 03, 2024

Cybercrime threats targeting SMBs unveiled in main street analysis

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

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