PayConfirm & Secure Bank
Comprehensive fraud protection for online banking users
Ensuring that online banking users are always protected requires both verification of transaction data and analysis of device parameters and user behaviour. Such security measures should not affect customer experience, however.
The comprehensive solution from Group-IB and Airome combines Secure Bank, a client-side fraud and attack prevention system, and PayConfirm, a mobile transaction authentication signature platform.
PayConfirm & Secure Bank function
Adaptive authentication and transaction confirmation ensure a frictionless and secure customer experience, with minimal cost and implementation time
The mobile part of PayConfirm, which contains the Secure Bank client module, is integrated into the mobile banking app installed on the user device.
Ready-made tool for automated assessment of the risks involved in completing given financial transactions
Sets up a signature in the automatic background mode, requesting additional confirmation and preventing a transaction from being signed or completed depending on the risk assessment;
Contains pre-set values for scoring trust indicators for users.
REDUCED BANK OPERATING COST
Lower cost of telecom services (thanks to lower cost of text message transaction notifications), implementation and integration of systems to ensure technical support and proper functioning
REDUCED LOAD ON ANTI-FRAUD SYSTEMS
No need to compare fragmented user transaction data from the online banking system with user device data and events.