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BioCatch vs Fraud Hunting Platform comparison

 

Comparison Buyer's Guide

Executive Summary
 

Categories and Ranking

BioCatch
Ranking in Fraud Detection and Prevention
4th
Average Rating
8.0
Number of Reviews
1
Ranking in other categories
No ranking in other categories
Fraud Hunting Platform
Ranking in Fraud Detection and Prevention
36th
Average Rating
0.0
Number of Reviews
0
Ranking in other categories
No ranking in other categories
 

Mindshare comparison

As of November 2024, in the Fraud Detection and Prevention category, the mindshare of BioCatch is 8.9%, up from 6.8% compared to the previous year. The mindshare of Fraud Hunting Platform is 0.4%, down from 0.8% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Fraud Detection and Prevention
 

Featured Reviews

reviewer1464606 - PeerSpot reviewer
Stable with good behavioral biometrics and great technical support
BioCatch is one of the fraud detection tools which also has machine learning capabilities and it has what is called a machine learning model feature. It is run in the background. The consequence of those machine models is it is complex to perform data functions and the activity and programming techniques. The decision-making for determining what's happening within those models is a little bit complex and not at all transparent. It's not easy for businesses to understand how the model is using the data of the bank customers in order to come to the assumption it does. All of these things are background technologies and the business may not understand what's happening in the background. The customer will never know what tools are being used to monitor the fraud at all, however, the business manager should certainly be interested in knowing how this model is working. People in banks are very particular when it comes to approving these models, as they have to be accountable to the regulators on the other side. They need to understand and explain what customer data is being consumed, why it's being consumed and if it's consumption is endangering any privacy rights. There needs to be clarity in terms of how much anonymization of the data happens before BioCatch comes in. I might have a gap in knowledge, and the solution may have been updated since I used it in December of last year.
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Top Industries

By visitors reading reviews
Financial Services Firm
60%
Computer Software Company
7%
Manufacturing Company
4%
Logistics Company
3%
No data available
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
No data available
 

Comparisons

 

Also Known As

No data available
SecureBank
 

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Overview

 

Sample Customers

Information Not Available
Sberbank
Find out what your peers are saying about NICE, ThreatMetrix, FICO and others in Fraud Detection and Prevention. Updated: October 2024.
816,406 professionals have used our research since 2012.