buguroo Communications | Press Room

Policy Manager for customizable automated fraud detection

Written by buguroo | Nov 17, 2020 7:00:00 AM

Madrid, Spain – 17 November 2020

New capability allows banks to utilize forensic fraud signifiers to automatically identify fraudsters and prevent online banking fraud

buguroo, the leading provider of customer identification solutions to prevent online fraud for the financial sector, today announced the launch of Policy Manager as part of its latest product update. The new capability of buguroo’s fraudster identification tool, Fraudster Hunter, allows fraud analysts to provide extensive detection and prevention coverage by leveraging previously identified fraud threats.

This actionable data can then be used to generate alerts to help stop in-progress fraudsters before they create new accounts, compromise existing accounts, and establish a network of mule accounts.

To comprehensively prevent fraud, banks need to identify and block its perpetrators.

Policy Manager allows fraud analysts to employ a comprehensive range of discovered suspicious and fraudulent activity to proactively stop fraudsters.

Fraud analysts can then utilize this data to create rules which actively scan all user transactions at every point in the customer journey in order to identify and alert on suspicious activity. In the case of a match, buguroo’s platform automatically triggers alerts notifying the financial institution of potentially fraudulent activity.

This allows them to take the appropriate action - ranging from stepping up authentication to terminating the transaction - depending on the level of risk.

Analysts can store rules and use them to build complex, customized fraud prevention campaigns to actively scan for any combined set of fraud attacks.


Pablo de la Riva, CEO & founder at buguroo.

"Fraudster Hunter’s new ability to proactively stop fraud using proven fraud identifiers greatly improves fraud prevention team efficiency"

"We’re excited to be able to offer a proactive approach to fraud prevention that is automatic, flexible, and scalable, and that will make a real difference in eliminating fraud and protecting financial institutions and ultimately the consumers they serve."


About buguroo

Headquartered in Madrid, Spain, and with offices in the US, UK, Mexico, Brazil, Poland and Colombia, buguroo helps protect more than 64 million banking customers across the world from online fraud. The company’s customer identification and fraud prevention solution utilizes Deep Learning technology combined with behavioral biometrics, device assessment and malware detection to create a unique profile of each customer, enabling banks to continuously check that the user is who they claim to be and is not being manipulated by fraudsters. It offers anti-fraud protection at all parts of the customer journey, from login to logout and during the onboarding process.

Specializing in developing online fraud prevention solutions since 2015, buguroo’s investors include Ten Eleven Ventures, Seaya Ventures, Inveready Technology Investment Group and Conexo Ventures.