FinDEVr APIntelligence

FDLD17_EventLogoV1_wdate(large) (1)We saw some great stuff at FinDEVr New York last month; stay tuned for videos of the live presentations! If you missed out, check out FinDEVr London on June 12 & 13 during London Tech Week. Register today and save big time.

On FinDEVr.com

  • InComm Partners with WeChat Pay Parent Tencent.

Alumni updates

  • Kabbage extends $3 billion in funding to more than 100,000 small business customers.
  • PayPal extends partnership with Visa into Asia-Pacific region.
  • HyperPay to leverage ACI Worldwide’s Mobile Commerce SDK to offer merchants a mobile checkout solution.
  • FICO launches cloud-based origination solution to help mid-market lenders automate small business lending decisions.
  • Twilio launches programmable fax service.
  • Citi takes API developer hub to Hong Kong.
  • Mastercard Adds to Authentication Arsenal with Acquisition of NuData Security.
  • Xero named a “2017 Top Rated Accounting & Budgeting Software” on TrustRadius.
  • Iroquois Federal Savings & Loan Association to deploy core processing system from Fiserv.
  • Braspag announces integration of e-commerce and anti-fraud technology from ACI Worldwide.

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

NuData Security Partners with Arvato Financial Solutions on Behavioral Biometrics

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Originally published at Finovate.com

At its FinDEVr Silicon Valley debut this fall, digital authentication specialist NuData demonstrated how its technology, NuDetect, enabled verification using a combination of behavioral biometrics identification and analytics, device location, and entity linking. “(NuDetect) continuously verifies a user’s online identity based upon analyzing the user’s natural interactions,” Robert Capps, VP of Business Development of NuData, explained from the FinDEVr stage. “These are behaviors that can’t be stolen, replayed, or reused – and so they aren’t subject to data breach.”

The technology enables FIs to both separate good users from bad with a high degree of accuracy, while providing “actionable intelligence on interaction risk,” Capps added. And once a company is able to tell good users from bad, he said, “all the other technological attacks that are available, such as identity theft, account takeover, new account fraud … become very easy to deal within this framework.”

It turns out this was precisely the kind of solution sought by Arvato Financial Solutions, which announced a partnership with NuData this week. With 7,000 employees working in 22 countries in Europe, Asia, and the Americas, Arvato Financial Solutions will leverage NuData’s technology to “stop fraud, prevent attacks, and continuously verify good users,” said Arvato Financial Solutions President of Risk Management, Frank Schlein. He praised NuData’s integration of authentication technologies such as passive biometrics and device fingerprinting, and the Canadian company’s “specific European market insight as well as local data protection known-how.” Arvato Financial Solutions is a part of the German multinational media giant, Bertelsmann SE & Co, as a subsidiary of Arvato.

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Pictured: Robert Capps, VP of Business Development of NuData, during his presentation, “NuDetect: It’s All About Trust” at FinDEVr Silicon Valley 2016.

NuData Security CEO Michel Giasson referred to Arvato as a “best-in-class partner” and highlighted the ability of technology like NuDetect to help companies defend themselves and their customers against cybercrime. “Fraudulent online behavior can send ripples through organizations, directly impact the bottom line and disgruntled customers could damage the brand image,” Giasson said.

Founded in 2008 and headquartered in Vancouver, British Columbia, Canada, NuData presented “It’s All About Trust,” a demonstration of the company’s behavioral biometric technology and a look at the science behind the solution, at FinDEVr Silicon Valley 2016. In October, NuData announced a strategic alliance with Early Warning to provide security for real-time, P2P money transfers, and in August, the company was noted for its fraud detection technology in Gartner’s Industry Analyst Reports. NuData, a 2016 MRC METAwards winner, reported this summer that it had more than doubled behavioral transaction volume to 38 billion in 2015 from 18 billion in 2014, adding it was on pace to process 80 billion in 2016.

FinDEVr APIntelligence

FDNY17_EventLogo_v1(wdate)FinDEVr Silicon Valley was a success! Tickets for upcoming FinDEVr London and FinDEVr New York are at their lowest prices now. Register today for London or New York to save your spot!

On FinDEVr.com

  • CTO Talk with Eugene Marinelli, CTO of Blend
  • Nubank Raises $80 Million in Series D Funding

The latest from FinDEVr Silicon Valley presenters

  • Aerospike announces 100% year-over-year bookings growth.
  • NuData Security partners with Arvato Financial Solutions to combat fraud and enable a smoother customer experience.

Alumni updates

  • InComm partners with MOL Global to launch PlayStation Network prepaid products to be distributed through 7-Eleven stores in Indonesia.
  • Commerce Bank chooses Temenos to upgrade core deposit banking system.
  • Token signs memorandum of understanding (MoU) with Fidor Bank for digital payments.
  • PYMNTS.com interviews Nick Thomas, cofounder of Finicity, in the wake of his company’s latest funding round.
  • Arxan Technologies wins six industry IoT security awards.
  • TemenosMarketPlace receives the Banking Technology Readers’ Choice Award for “Best emerging/innovative technology product/service” at the Annual Banking Technology Awards.
  • InComm expands partnership with Target Australia to offer gift cards in stores and online.
  • PayPal teams up with Citibank, FIS to expand cross-channel presence.

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

FinDEVr Preview: NuData Security

FinDEVr PreviewsFinDEVrSV16-withdate highlight companies presenting new developer tools, platforms, and integrations at FinDEVr Silicon Valley 2016, October 18 & 19. Tickets are on sale now. So visit our registration page and save your spot today.

NuData Security will be demonstrating its flagship product NuDetect – a behavioral biometrics platform that monitors behavioral interactions. The platform accurately verifies identity based on unconscious natural behaviors in real-time. It can detect most forms of account-based, automated, anomalous, and fraudulent online behavior even when valid credentials are presented.

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Why it’s a must-see
See how to verify users in real-time before a transaction even when the correct credentials are presented, identify higher risk activities, and leverage an extensive behavioral network. Behavioral biometrics offers financial institutions the balance between real security and a great customer experience. NuData supports new account creation, ATO, and automation use cases.


Check out more of today’s FinDEVr Previews: