Revelock

The company's primary clients are financial institutions and fintech companies. Its business model revolves around providing a sophisticated technology platform that protects banks' web and mobile applications from fraudulent activities. A significant milestone occurred in April 2021 when buguroo rebranded to Revelock, a name chosen to reflect its capability to not only reveal but also actively block and respond to threats. This was followed by another major development in August 2021, when Revelock was acquired by Feedzai, a leading cloud-based financial risk management platform, to create one of the world's largest AI-powered financial risk management platforms with integrated behavioral biometrics.

Revelock's core offering is its Fraud Detection & Response (FDR) Platform, an evolution of its former flagship product, bugFraud. This platform utilizes a hybrid AI approach, combining deep learning, behavioral biometrics, and device and network assessment to create a unique digital fingerprint called a "BionicID" for each user. This technology allows for continuous, non-intrusive verification of a user's identity throughout their entire session, from login to logout. By analyzing subtle user behaviors—like how a person holds their phone or the speed of their navigation—the system can detect anomalies and identify bad actors without creating friction for legitimate customers. The platform provides an active defense by automatically blocking malware and phishing attempts and a pre-emptive defense that helps analysts discover and disrupt mule account networks. This protects against a range of threats including account takeovers, new account fraud, and card-not-present fraud.