Compare SEON vs BioCatch

This article will offer a brief overview of SEON vs BioCatch, including their key differences and product offerings to help businesses around the world in the fight against fraud.

About BioCatch

BioCatch was founded in 2011 as online fraud and digital identity spoofing began to become more prevalent, becoming a concern for businesses around the world. 

Having served in the military, founder Avi Turgeman then used his experience of whitehat hacking, system vulnerability management, and cyberterrorist operations to develop a financial risk management product.

The BioCatch product portfolio holds more than 60 patents, and the brand is considered an early pioneer of behavioral biometrics. Some of their key partners include Nuance, Experian, and Microsoft.

While the company offers standard account opening and account takeover protection, it also claims to be able to detect mule accounts and social engineering scams.

BioCatch Key Products

• BioCatch’s platform analyzes an online user’s physical and cognitive digital behavior to spot potential threats.
• The platform is broken down into four modules: the BioCatch Rule Manager, designed for real-time fraud prevention; the Analyst Station, for investigating data and identifying threat vectors; the Case Manager, which helps resolve cases of false positives; and the Policy Manager, allowing financial institutions to create and manage internal business policies.
• It’s worth mentioning that these products can work together in a custom risk management stack. 

Pros of BioCatch

• Advanced behavioral analytics analyzing more than 2000 parameters to spot advanced emulators.
• Solution can be integrated into a wider risk management stack, complementing other KYC, IDV, and anti-fraud products.
• Tailored module to help identify mule bank accounts used for money laundering or terror funding.

Cons of BioCatch

• A strong suite of behavioral tools, but nothing in the way of transparent data enrichment.
• Pricing is at the higher end of the spectrum, and you will be entering upsell-driven negotiations

SEON vs BioCatch Features Comparison Table

Where BioCatch Wins over SEON

• Offers behavioral biometrics for enterprises.
• Delivers a handful of management systems based around behavioral and technical biometrics.

Where SEON Wins over BioCatch

• Combines real-time data analysis with compliance tools.
• Transparent, affordable pricing suitable for all kinds of business use cases.

Further Reading

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