2019: A BANNER YEAR FOR BIOCATCH

 

Earlier this year, MarketsandMarkets predicted that the behavioral biometrics market would be worth $2.5 billion by 2023.  Their prediction is certainly on track, judging from what a tremendous year it has been for BioCatch by every measure:

  • Growing our network - Now, with more than 90 million users in our network, BioCatch continues to demonstrate market leadership and growing acceptance for its behavioral biometrics solution across the digital identity lifecycle. This means that transactions worldwide are becoming more frictionless and secure.

  • Enabling next generation solutions – ForgeRock and ACI Worldwide joined the BioCatch partner network which also includes LexisNexis, Experian and Microsoft, making it easier and simpler for global enterprises to adopt behavioral biometrics and optimize its use within existing workflows.

  • Pursuing innovation – BioCatch ends the year with 36 patents granted and 30 more that are pending, underlying the key differentiators that drive our top-line real world performance and return on investment for customers. The broad patent portfolio differentiates BioCatch from other market players not just in numbers, but in the ability to collect and analyze a vast array of behavioral parameters including Invisible Challenges™ – which translates into higher accuracy and intrinsic adaptability to the ever-changing cybersecurity landscape.

  • Expanding our leadership team - Reflecting the fast growth of the business, BioCatch this year welcomed a new Chief Operating Officer and General Manager of the Israel office, Gadi Mazor, well-known on the Israeli startup scene as a tremendous innovator and driver of change, as well as a new Chief Financial Officer, Paul Mattison, who has more than 20 years of experience building value for growth companies. Gadi and Paul were recently joined by Ayelet Eliezer, as Vice President of Product, and Eyran Blumberg, as Vice President of Solutions

  • Attracting recognition - BioCatch was recognized by Deloitte as the 12th fastest growing technology company in North America during the Deloitte Fast 500, the company providing the Best Innovation in Securing Transactions in Europe by the Florin Awards, and one of the top companies shaping the face of IAM by One World Identity.

We could not be more excited about our accomplishments and thank you for joining us on this journey. We also want to take this opportunity to wish you, our extended BioCatch family, a very joyous holiday season and a successful and prosperous New Year.