Our
Promise
Fraud isn't going away. After all, it’s always been here, lurking in some capacity during every age of human civilization.
The digital era, however, fueled fraud’s expansion and evolution like nothing else before. As we moved more and more of our daily lives online, fraudsters found a bounty of opportunity, new access points, and unimaginable profits.
Now we must look ahead to the next age: The age of generative artificial intelligence (GenAI). GenAI promises to revolutionize every industry on earth. And make no mistake: Fraud is an industry. At scale, scam-camp margins would make the bookkeepers at even the most profitable of global super-corporations blush.
Criminals are innovators – nimble, clever, and relentless – and will be among the first to adopt these new GenAI tools, supercharging and automating their attacks. Conventional defenses are already outmatched. Legacy solutions are now failing us.
We must reframe how we think about the fight against fraud, scams, and financial crime. Encircling our financial institutions with defensive digital bombardments is no longer enough. This is now a battlefield space, and we must bring the fight to the fraudsters, rooting out the Dark Economy that lives within our financial system.
Too often, humanity – with all its quirks, inconsistencies, biases, and rituals – is altogether absent from this battlefield strategy. BioCatch is changing that. Our approach to protecting retail banking customers is the behavior of those very same retail-banking customers. We see humans not as vulnerabilities in a financial institution’s fraud-prevention and anti-money laundering strategy but as the very foundation of that architecture.
We are all creatures of habit. Thankfully, habits become patterns, those patterns become predictable, and what’s predictable becomes preventable.
BioCatch leverages human behavior to identify fraud and prevent financial crime. It’s our method to fighting this madness, and we do it with some of the most intelligent people in the world: Threat analysts, global advisors, solution engineers, data scientists. They are maniacal about the little things and curious about everything.
Together, we’re fighting to make banking safer every day, to help our customers protect their customers, and to make digital transactions seamless and secure.
No one does that better than we do, and we’d like to invite you to join our network, to share, and collaborate.
Stay safe.