Frost & Sullivan
New Product Innovation Award
BioCatch was recently recognized by Frost & Sullivan for their New Product Innovation Award - Behavioral Authentication in Banking and Payments Industry. In this write up, learn how Frost & Sullivan determined that out of all the companies in our vertical, BioCatch deserved to win the New Product Innovation Award.
The financial technology (fintech) revolution is reshaping the traditional financial services ecosystem, and, more specifically, the payment industry. Innovations are massively driven by the rise of technologies such as cloud platforms, software-as-a-service (SaaS), smartphones, artificial intelligence, and blockchain. As a result, new usage-models have appeared based on new services and products, and have forced financial institutions to adapt their product portfolios.
To address this challenge, many banks have implemented programs using biometric authentication solutions to both increase transaction security and enhance their customers’ user experience. Through its cloud-based security solution, BioCatch delivers innovative protection against fraudsters.
BioCatch is a cybersecurity company that delivers behavioral biometrics analyzing of human-device interactions to protect users and data. Banks and other enterprises use BioCatch to significantly reduce online fraud and protect against a variety of cyber threats, without compromising the user experience. With an unparalleled patent portfolio and deployments at major banks around the world that cover tens of millions of users to date, BioCatch has established itself as the industry leader.