Antifraud technology provider Feedzai yesterday announced it has acquired behavioral biometrics firm Revelock. The acquisition follows a $200 million investment by Feedzai in the Lisbon, Portugal-based company earlier this year and creates what the organizations are calling “the world’s largest financial intelligence network.”
“Our goal has always been to make digital commerce safe for everyone. Adding Revelock to our clients’ arsenal changes the paradigm from securing transactions in real-time—something we were already doing—to effectively preventing crime before it happens,” said Nuno Sebastiao, CEO of Feedzai. “More than 20 percent of the world’s money flows through Feedzai, and we secure the bank accounts of 1 in every five people. We already knew what transactions took place for more than 800 million consumers. Revelock adds the intelligence of how a transaction takes place.”
Financial details of the acquisition were not disclosed.