BioCatch launches agentic AI detection tech

AI is now being used to commit fraud, and your financing platforms are the target. BioCatch has released a new detection tool called AiRE to combat 'Agentic AI.' This type of fraud involves sophisticated AI bots that can act independently to fill out credit applications, mimic human typing speeds, and navigate checkout screens to secure financing under false pretenses. For retailers and operators, this means the risk of identity theft and loan defaults is evolving beyond simple script-based bots. Traditional fraud tools look for automated behavior, but new AI agents can mimic human imperfections to bypass standard security. This technology focuses on identifying these high-level digital fingerprints in real-time. If you offer consumer financing, you should know that your lenders are likely integrating this level of defense to protect your store's bottom line. The goal is to stop fraudulent applications before they ever hit your ledger, ensuring that the customers you approve are actual humans with the intent to pay. As these AI agents become more accessible to bad actors, having 'agent-aware' security will become a standard requirement for merchant portals and lending integrations.

Source: Finextra — Lending

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