- Bureau and M2P Fintech collaborate to improve digital transaction security.
- New solution combines device intelligence and behavioral biometrics.
- Partnership aims to monitor over 100 million transactions monthly by year-end.
Bureau, a platform specializing in fraud prevention and identity decisioning, has partnered with M2P Fintech, a provider of digital banking infrastructure, to enhance the security of digital transactions. This collaboration integrates Bureau’s advanced device intelligence and behavioral biometrics with M2P Fintech’s existing fraud and risk management solutions.
This partnership is timely as financial institutions move beyond traditional OTP verification towards more robust security measures. Encouraged by the Reserve Bank of India’s push for “inherence-based” transaction authentication, the new solution ensures both user and device legitimacy before a transaction is completed.
Ranjan R Reddy, Founder & CEO of Bureau, emphasized the importance of this collaboration, noting it provides a pre-facto analysis of the user’s identity while ensuring transactions are initiated from legitimate devices. Prabhu Rangarajan, Co-founder of M2P Fintech, highlighted their commitment to innovation and security, aiming to stay ahead of evolving fraud tactics. The solution has already been successfully implemented by prominent banks in Asia and aims to monitor and assess risk for over 100 million transactions monthly by the end of the year.
