Arvato Financial Solutions Invests in SecuredTouch

Arvato Financial Solutions announced its investment in SecuredTouch, an Israeli company established in 2014 that specializes in behavioral biometrics authentication for mobile devices. Its technical platform uses the interaction between users and devices to create a unique user profile to detect fraudulent behavior as well as attempted fraud through automated computer attacks that are performed using emulators, bots and malware.

“Advanced digitization means that cybercrime protection becomes extremely important. That is why, for several years, we have looked extra carefully in this area and have developed and installed a solution that offers our customers comprehensive protection. I am delighted with our cooperation with SecuredTouch and this will mean we can further improve and expand this platform ” – President Risk Management at Arvato Financial Solutions, Frank Schlein.

“We have created a partnership that will help SecuredTouch to expand our international presence and improve our position in areas such as fraud and authentication. Arvato Financial Solutions, with its international expertise in risk and fraud management, is a perfect partner and investor for this purpose” – founder and CEO of SecuredTouch, Yair Finzi.

This marks SecuredTouch’s third round of funding bringing its total funding to date to $11.5M. Bottom Line: ThreatMetrix comes to mind.