24 September 2017
Find out more

Biometric identity platform AimBrain raises £4m

20 June 2017  |  7712 views  |  0 Woman with shopping bag

AimBrain, a London-based startup using machine learning to help financial services firms tap into biometric authentication, has raised £4 million in a Series A funding round led by BGF Ventures.

With mobile and internet banking fraud rising steeply, financial institutions are increasingly turning away from old-fashioned password-based security and towards biometrics.

AimBrain's platform combines facial and voice recognition technology with behavioural biometrics which track how a person uses a device, such as their typing speed, touch pressure and how much their hand shakes as they hold it.

The firm says that it has built up a team of world class machine learning experts and PhDs to build its platform and it has already set up sales offices in Johannesburg, Lagos, Dubai and Abu Dhabi as it seeks to win over banks.

Firms can use the behavioural authentication tech in the background of an app, or voice analysis at call centres and facial recognition at ATMs or in-branch. But the platform also offers the ability to use these modules in combination. If the behavioural analysis shows uncertainty about a customer's identity when they are transacting on an app then that customer could be asked to step up to facial or voice recognition as well.

Says co-founder Andrius Sutas: "No single biometric is good enough in itself. To mitigate as much risk as possible, you need a platform approach. In both testing and live production, our technology has consistently outperformed the market, even on a single module."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Twins fool HSBC voice biometrics - BBC

Twins fool HSBC voice biometrics - BBC

19 May 2017  |  12723 views  |  4 comments | 21 tweets | 26 linkedin
ANZ to use voice prints for mobile authentication

ANZ to use voice prints for mobile authentication

03 April 2017  |  5722 views  |  1 comments | 3 tweets | 10 linkedin
Voice biometrics prove a hit for Citi in Asia Paficic

Voice biometrics prove a hit for Citi in Asia Paficic

23 March 2017  |  6046 views  |  0 comments | 10 tweets | 20 linkedin
Emirates NBD to roll-out biometrically-enabled 'Cockpit' dashboard to all branches

Emirates NBD to roll-out biometrically-enabled 'Cockpit' dashboard to all branches

06 February 2017  |  5634 views  |  1 comments | 4 tweets | 11 linkedin
Leumi Card turns to behavioural biometrics for app user authentication

Leumi Card turns to behavioural biometrics for app user authentication

22 November 2016  |  5819 views  |  0 comments | 3 tweets | 8 linkedin
NatWest trials BioCatch behavioural biometrics

NatWest trials BioCatch behavioural biometrics

17 November 2016  |  7421 views  |  0 comments | 6 tweets | 7 linkedin
Visa looks to kill passwords with multiple biometric authentication options

Visa looks to kill passwords with multiple biometric authentication options

14 November 2016  |  10260 views  |  2 comments | 14 tweets | 14 linkedin
Brits trust banks more than government on biometrics

Brits trust banks more than government on biometrics

19 September 2016  |  9541 views  |  0 comments | 25 tweets | 18 linkedin
Standard Chartered commits to a biometric future; Qatari bank reads finger veins at ATMs

Standard Chartered commits to a biometric future; Qatari bank reads finger veins at ATMs

15 August 2016  |  12161 views  |  0 comments | 19 tweets | 15 linkedin

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comvisit www.vasco.comvisit www.temenos.com

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
13391 views comments | 28 tweets | 44 linkedin
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
9742 views comments | 13 tweets | 28 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8591 views comments | 19 tweets | 27 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
8365 views comments | 16 tweets | 1 linkedin
European Commission makes fintech a priority in supervisory shakeupEuropean Commission makes fintech a priori...
8076 views comments | 32 tweets | 45 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job