MODERN SLAVERY STATEMENT
LAST UPDATED: December 31, 2022
BIOCATCH MODERN SLAVERY STATEMENT
In accordance with section 54(1) of the Modern Slavery Act 2015, this is the UK Modern Slavery Act Statement in respect of BioCatch for the financial year ended December 31, 2022. It sets out the steps that are being taken to identify and minimise all forms of slavery and human trafficking within our organisation and our supply chains.
II. Our Business and Structure
Founded in 2011, BioCatch is a leading behavioural biometrics company that leverages machine learning to analyse an online user’s physical and cognitive digital behaviour to protect individuals online. Guided by data science and our own patented technology, BioCatch provides a platform to our customers, including global banks and financial institutions, to help them fight fraud, drive digital transformation and provide a better experience for their customers.
Headquartered in Israel with offices in several other countries, BioCatch as of December 31, 2022 had 243 personnel worldwide. Our board of directors and executive management are responsible for corporate responsibility.
III. Our Policies
Respect for human rights is deeply ingrained in BioCatch values, in how we run our business, interact with stakeholders and engage with our communities around the world. We require our employees to conduct themselves in accordance with our code of conduct.
IV. Risk Assessment and Due Diligence
BioCatch is committed to working to the highest ethical standards. Having evaluated the nature and extent of our exposure to the risk of slavery and human trafficking we consider that BioCatch operates in a low-risk environment given the nature of the locations and the industries in which we operate.
At BioCatch, we are also committed to engaging with suppliers who share our values and who are dedicated to upholding responsible workplace practices. We expect that our suppliers will hold their own suppliers to similarly high standards. BioCatch considers our suppliers to be relatively low risk in terms of sector and geographical location of their operations.
We shall continually review the effectiveness of the steps we have taken over the past year to ascertain whether and how to improve and develop our practices in the future.
This Modern Slavery Act Statement made pursuant to section 54(1) of the Modern Slavery Act 2015 is approved by the board of BioCatch Ltd.
CEO and board member March 15, 2023
BioCatch – UK Modern Slavery Statement (2022)