M2P Fintech and Bureau Partner for Enhanced Fraud Prevention

CIOTechOutlook Team | Wednesday, 12 June 2024, 08:45 IST

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M2P fintech, a leading fintech firm, partnered with a fraud detection platform, Bureau to bolster fraud prevention steps in digital transactions using behavioural biometrics. In order to identify potential fraudsters, behavioral biometrics monitor a user's individual patterns, such as typing speed and screen navigation.  
 
The count of frauds recognized in the banking framework keep going monetary nearly tripled on year, as per the central banks' yearly report with the RBI governor featuring the requirement for a framework wide way to deal with relieve such frauds.
 
“Joining forces with M2P Fintech, we have built a cutting-edge solution which provides a pre-facto analysis of the user’s identity while ensuring that the transaction is initiated from a legitimate device”, said Ranjan Reddy, Founder & CEO, Bureau.
 
By the end of this year, M2P and Bureau intend to monitor and evaluate more than 100 million transactions.
 
M2P serves as a dependable technology layer between financial institutions, fintechs, and banks by integrating fintech into core business offerings. M2P has been at the forefront of enabling the future of fintech through cutting-edge APIs, best in technology integration, settlement, and operational support. It was founded in 2014 by industry insiders with a passion for all things fintech. They help any business offer cutting-edge financial services.
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