TEL AVIV, ISRAEL AND NEW YORK (April 1, 2024) –BioCatch, the global leader in digital-fraud detection and financial-crime prevention powered by behavioral biometric intelligence, announced today the appointment of Ariel Katz as the company’s new chief legal officer. Katz, a member of the Israeli and New York State bar associations, is an expert in commercial law and intellectual property law who has served in senior positions in leading tech companies such as Comverse and Earnix over the last two decades. Katz joins the company’s management team and will oversee all of BioCatch’s legal matters, including data privacy, transactions and fundraising, compliance, and adaptation to regulations in the countries where the company operates.
“We are delighted to welcome Ariel Katz to the company,” BioCatch CEO Gadi Mazor said. “BioCatch is effecting tremendous global change, adding dozens of leading financial bodies to its customer base, who seek to provide their customers with more convenient, simple, and faster services while protecting them from increasingly frequent and sophisticated fraud and financial crime attacks. Ariel’s expertise will enable us to continue to grow while strictly adhering to regulatory standards everywhere we operate and maintaining the privacy of the millions of retail banking customers we protect.”
Katz joins BioCatch during a period of rapid growth. Over the last year, the company increased its annual recurring revenue (ARR) by 49% from 2022 and crossed the $100 million ARR threshold.
The quantity and sophistication of online-payment fraud and money laundering activities have also exploded in recent years. BioCatch has developed and leads the field of fraud and money laundering detection and prevention through behavioral biometric intelligence, which uses advanced machine learning to distinguish between legitimate account users and criminal elements that have opened or taken over accounts through illicit means. BioCatch’s algorithm monitors and analyzes the digital behavior patterns and cognitive guidance of hundreds of millions of retail banking customers, providing insights into the legitimacy of their identity and behavior without compromising privacy. The company has saved banks and their customers from losses totaling more than $3.5 billion.
“I am excited to join BioCatch, which protects millions of people from digital banking fraud,” Katz said. “The accelerated digitalization of financial services, along with the growth and sophistication of global criminal organizations looking to exploit the trust of innocent customers and defraud them, makes BioCatch’s technology more critical than ever. I am proud to join an innovative, professional, and ethical team and contribute my legal experience to the company’s vision of making our online lives safer and more secure.”
About BioCatch:
BioCatch stands at the forefront of digital fraud detection, pioneering behavioral biometric intelligence grounded in advanced cognitive science and machine learning. BioCatch analyzes thousands of user interactions to support a digital banking environment where identity, trust, and ease coexist. Today, more than 30 of the world's largest 100 banks and more than 180 total financial institutions rely on BioCatch Connect™ to combat fraud, facilitate digital transformation, and grow customer relationships. BioCatch's Client Innovation Board, an industry-led initiative featuring American Express, Barclays, Citi Ventures, HSBC, and National Australia Bank, collaborates to pioneer creative and innovative ways to leverage customer relationships for fraud prevention. With more than a decade of data analysis, 90 registered patents, and unmatched expertise, BioCatch continues to lead innovation to address future challenges. For more information, please visit www.biocatch.com.
