Multi-Factor Authentication (MFA)method is not 100% secure, as Fraudsters can steal one of the authentication factors or even manipulate the device with the use of a Remote Access Trojan (RAT). In addition, this method added friction that turned a consumer´s experience into a poor and clunky one.
Discover how one of the largest banks in Colombia implemented buguroo to design am adaptative authentication depending on a user's risk profile, reducing fraud and enhancing customer experience.
In 2019 buguroo exceeded the figure of 50 million protected users around the world. Our innovative solution and effective approach to fight banking fraud based on advanced technologies of Deep learning configures a unique solution that wins relevant customers from day to day.
In the following document we share the experience and results obtained by one of the Top10 Spanish bank groups after deploying buguroo bugFraud solution to protect their online banking channels.