Financial crime is not just growing. It's exploding. Gone are the days of simple scams. Today, criminals leverage cutting-edge technologies such as AI to execute intricate schemes and deepfakes. They are not bound by borders or ethics. They are sophisticated, adaptable, and relentless. They exploit every vulnerability, every moment of weakness, every technological advancement. They collaborate, cooperate, and contract with networks of criminal contractors and subcontractors.

Every successful scam, every stolen identity, every compromised account chips away at the foundation of our financial system. It erodes trust, breeds fear, and leaves a trail of devastation in its wake. 

In this environment, inaction is not an option. That's why we've embarked on a comprehensive brand assertion – not a cosmetic change, but a fundamental reaffirmation of our purpose. We are affirming our mission, not as a new company, but as a stronger, more determined force in the fight against fraud and financial crime.

This is a pivotal moment in the world of financial crime and fraud, and it's crucial that we all band together to stay vigilant and fight for our safety. At BioCatch, our approach to protecting your customers is your customers. Humans are creatures of habit. And so are criminals. Their habits become patterns. Their patterns become predictable. And what’s predictable becomes preventable.

We've restated our brand to reflect the urgency of the moment, the seriousness of the threat, and the unwavering resolve we bring to this fight. We intentionally aligned our identity with the strength and staying power of our customers because this is not a one-time fix. It's a continuous battle. 

We believe that a brand is a promise. And our promise is clear: We fight to make banking safer every day. 

Stay safe,
Jonathan Daly, BioCatch CMO