Dutch banking giant Rabobank has deepened its relationship with ThreatFabric, a fraud detection fintech, by investing through its Rabo Investments arm.
ThreatFabric, co-developed with ABN Amro, specializes in behaviour-based location intelligence and behavioural biometrics. Its Fraud Risk Suite leverages AI to model and detect criminal attack patterns, such as:
- Remote Access Tools
- Call spoofing apps
- Techniques commonly used in Authorized Push Payment (APP) fraud
The system assigns dynamic risk scores to potential threats, enhancing banks’ ability to proactively mitigate risks.
Rabobank’s investment follows a €11.3 million Seed round in May last year, which included Motive Ventures, 10x Founders, and 14Peaks Capital. Rabobank has been a long-standing client of ThreatFabric, utilizing its tools for web and mobile banking fraud prevention.
Han Sahin, CEO of ThreatFabric, reflects on the partnership:
“Our journey with Rabobank began nearly two decades ago. Today, they are not just a client but a partner, helping us refine our tools to meet enterprise-grade standards.”
Anton Jan Cozijnsen, who leads Rabobank’s fraud detection efforts, emphasizes the collaborative nature of the partnership:
“We’ve worked closely with ThreatFabric for years, co-creating solutions that make their product suite so impactful. This investment strengthens that collaboration.”
With increasing threats in digital banking, this partnership highlights the importance of AI-driven solutions in combating fraud and ensuring customer security.