BioCatch’s category-defining behavioral biometrics technology protects more than 40 of the world’s largest financial institutions, their clients and their clients’ assets from online banking fraud and other types of criminal activity, including sophisticated social engineering voice scams. Unlike traditional digital security methods such as usernames and passwords, which are easily compromised, behavioral biometrics monitors user behavior throughout each online session, providing continuous protection and ensuring a secure and seamless online experience. The company’s behavioral biometrics data set contains over 150 million individual behavioral profiles and analyzes more than a billion digital sessions per month, making BioCatch far and away the industry leader.
“This prestigious recognition by CB Insights as one of the world’s most transformative fintech companies is a testament to the insights provided by our Board and the hard work and dedication of our talented BioCatch team,” said Chairman & CEO Howard Edelstein. “We are constantly developing new fraud prevention solutions for our growing list of clients using powerful artificial intelligence and machine learning insights. Our rapid growth demonstrates the strong demand for our technology and the trust our clients place in us to protect them and their own customers from cyberattacks.”
CB Insights' Intelligence Unit selected BioCatch from a pool of 16,000 companies based on several factors including company business models, momentum in the market and Mosaic scores, as well as CB Insights' proprietary algorithm that measures the overall health and growth potential of private companies.
BioCatch revenues have been growing at an annual rate of over 150%.
About BioCatchMedia Contact:
Jack Godar,
Lansons Intermarket
(314) 698-1763
jgodar@intermarket.com