Financial intelligence network aims to secure the cashless economy

Over the last year there has been a significant move away from using cash. In the US alone ATM withdrawals are down 58 percent, 41 percent of consumers have switched from cash to online and phone payments, while 55 percent don't plan to switch back to using cash. But while this is convenient for the consumer it opens up more opportunities for fraud and cybercrime. Financial risk management firm Feedzai is aiming to boost digital trust, by adding pre-transaction behavioral intelligence to prevent financial crime in real-time before it happens. To achieve this Feedzai has acquired behavioral biometric platform, Revelock… [Continue Reading]