BioCatch Receives International Recognition as Best Cloud Payment, Finance or Billing Solution.
NEW YORK, NEW YORK (February 23, 2022) – BioCatch, – BioCatch, the global leader in behavioral biometrics, has been named winner of the Best Cloud Payment, Finance or Billing Solution this week in the international Cloud Computing Awards program, The Cloud Awards.
“We are honored to be recognized by the Cloud Awards, as it validates the continued success of our core mission to stay one step ahead of fraud and to protect the world’s largest financial institutions and their customers,” said Eyran Blumberg, Chief Operating Office at BioCatch. “Winning a Cloud Award highlights the innovative nature of behavioral biometrics solutions that our talented and dedicated team has worked so hard to bring to market. We remain committed to being leaders in the online fraud detection and prevention space, providing cutting-edge products and being a trusted partner for our worldwide roster of clients.”
The award recognition comes on the heels of a breakout 2021 for BioCatch, which saw the company grow revenue by more than 50 percent. BioCatch continued to ensure that many of the world’s largest financial institutions’ customers stayed protected, saving its clients both time and money while increasing customer retention. Over the past year BioCatch launched two new products: PSD2 Strong Customer Authentication (SCA) and Mule Account Detection. These new solutions combined with the company’s previously existing suite of fraud detection products helped protect individuals and their assets by stopping more than 1 million potential fraud attempts.
Head of Operations for the Cloud Awards, James Williams, said: “BioCatch’s innovative use of technology makes them a worthy winner of a Cloud Award. Their unique platform and analysis of user behaviors takes fraud prevention to the next level, expertly utilizing cloud technologies to reduce fraudulent activity, save businesses time and money and keep banking customers feeling safe.”
BioCatch was selected among hundreds of organizations entered, with entries coming from across the globe, covering the Americas, Australia, Europe and the Middle East. The full shortlist can be viewed online.
BioCatch is the leader in Behavioral Biometrics, a technology that leverages machine learning to analyze an online user’s physical and cognitive digital behavior to protect individuals online. BioCatch’s 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. Today, BioCatch counts over 25 of the top 100 global banks as customers who use BioCatch solutions to fight fraud, drive digital transformation and accelerate business growth. BioCatch’s Client Innovation Board, an industry-led initiative including American Express, Barclays, Citi Ventures, and National Australia Bank, helps enable BioCatch to identify creative and cutting-edge ways to leverage the unique attributes of behavior for fraud prevention. With over a decade of analyzing data, more than 70 registered patents, and unparalleled experience, BioCatch continues to innovate to solve tomorrow’s problems. For more information, please visit www.biocatch.com
About the Cloud Awards
The Cloud Awards is an international program which recognizes and honors industry leaders, innovators and organizational transformation in cloud computing. The awards are open to large, small, established and start-up organizations from across the entire globe, with an aim to find and celebrate the pioneers who will shape the future of the Cloud as we move into 2022 and beyond. The Cloud Awards currently offers two awards programs, the Cloud Computing Awards and the Software-as-a-Service Awards.
Categories for the Cloud Computing Awards include Most Promising Start-Up, Best SaaS, and “Best in Mobile” Cloud Solution. Finalists were selected by a judging panel of international industry experts. For more information about the Cloud Awards, please visit https://www.cloud-awards.com/.
Brendan Terry, Lansons