- Mazor brings 28 years of experience leading innovative technology companies
- Edelstein to continue his focus on growth and innovation
TEL AVIV & NEW YORK, October 19, 2021— BioCatch, the market leader in behavioral biometrics, announced it has promoted Chief Operating Officer Gadi Mazor to Chief Executive Officer as part of the company’s long-planned succession plan. Howard Edelstein will continue in his role as Chairman of the Board of Directors and will continue to partner with key customers and the company’s Client Innovation Board and related strategic initiatives, returning to a role similar to the one held prior to assuming the CEO position.
During his four-year tenure as Chief Operating Officer at BioCatch, Mazor has worked hand-in-hand with Edelstein to accelerate the company’s global growth, consolidate its position as the leader in behavioral biometrics, and scale BioCatch’s technology, delivery, and operations teams. Mazor is a highly accomplished founder and CEO of several SaaS companies in the fields of character and voice recognition and wireless communications, including Shonut Ltd., Onset Technology and Nobex Technologies. In 2012, he co-founded OurCrowd, the leading global equity crowdfunding platform, where he served as General Partner and Chief Technology Officer.
“I’ve been fortunate to have had a front row seat to watch BioCatch’s platform protect consumers and organizations of all sizes from some of the greatest digital threats to date” said Mazor. “Howard has been an incredible mentor to me and our team, and he will continue to be an invaluable asset to BioCatch and our investors and customers as Chairman as we continue to experience rapid adoption. Criminals are tireless. They are constantly innovating new methods of online fraud and scams, and BioCatch’s category-defining behavioral biometrics technology continues to stay multiple steps ahead of them with the use of machine learning to analyze millions of different behavioral points simultaneously to combat fraud and identity theft. We remain focused on our customers and will continue to power their clients’ secure and seamless digital experiences.”
Mazor is an innovative and visionary technology executive, who also holds patents on various advancements of wireless communications. He is a veteran of the Israel Defense Forces’ prestigious 8200 unit, completing the officers’ course with extreme honors. He received a B.Sc. and M.Sc. in Mathematics and Probability magna cum laude through the Addi Lautman Interdisciplinary Program for Fostering Excellence at the Tel Aviv University.
“BioCatch has advanced our technical leadership position and accelerated our global growth trajectory thanks to the hard work and commitment of our team and our ability to execute with the backing of our investors,” added Edelstein. “Gadi is a tremendous innovator and driver of change, and he brings an exceptional set of skills and entrepreneurial vision to BioCatch for our next stages of growth and innovation. I am really proud of him and thrilled that he will continue with a seamless transition of leadership and keen to continue working with him.”
Since joining the BioCatch Board in 2015, in his capacity as director and eventually CEO, Edelstein has applied his 35 years of fintech experience to place the company on a rapid growth path. To achieve this, BioCatch has invested heavily in product development and go-to-market execution. Over the past five years BioCatch has grown its banking customer portfolio from just a handful of clients to encompass more than 50 of the world’s largest financial institutions. With presence in 19 financial centers around the world, BioCatch helps protect the security of more than 250 million individuals and organizations worldwide.
“Over the past five years, Edelstein and Mazor have proven to be incredibly effective in growing both the capabilities and client base for BioCatch” said Dewey Awad, Managing Director at Bain Capital, a lead investor in BioCatch. “Their work has helped change industry expectations for what behavioral biometrics could do when applied to cyber security. We are highly pleased that we are keeping this team together and look forward to their success in moving the ball forward in the years to come.”
BioCatch is the leader in behavioral biometrics which analyzes an online user’s physical and cognitive digital behavior to protect individuals and their assets. Our mission is to unlock the power of behavior and deliver actionable insights to create a digital world where identity, trust and ease seamlessly co-exist. Leading financial institutions around the globe use BioCatch to more effectively fight fraud, drive digital transformation and accelerate business growth. With over a decade of analyzing data, over 60 patents and unparalleled experience, BioCatch continues to innovate to solve tomorrow’s problems. For more information, please visit www.biocatch.com