NEW YORK, NY (June 15, 2017) – BioCatch, the global leader in behavioral biometrics, proudly announced today that it has been selected as a winner of both Red Herring’s Top 100 awards in Europe and North America, both prestigious lists honoring the year’s most promising private technology ventures from across the globe.
“Receiving the Top 100 awards in both Europe and North America reflects the momentum we are seeing in market adoption for our solutions across the globe,” said Eyal Goldwerger, CEO of BioCatch. “As more banking functions and payment solutions move to digital channels, behavioral biometrics are also becoming mainstream as both a way to prevent fraud, and a way to enable a better, frictionless, user experience. Today’s fraudsters are savvy and constantly evolving, and our approach is unique in being able to change the rules of the game by knowing the user through its behavior and providing continuous authentication. This lets us stay ahead of threats, and intercept them even when they occur after initial authentication, providing realtime actionable fraud prevention. We are delighted to receive this recognition.“
Founded in 2011 by experts in neural science research, machine learning and cyber security, BioCatch sets out to address the next generation cyber threats by focusing on the subtle nuances of human behavior to implement behavioral biometrics technology to combat fraud and protect customers online. To date, BioCatch has secured 22 patents including an additional 26 filed, and works with a number of major banks for which they monitor 4B+ transactions a month.
“We are extremely pleased with this year’s winners of the Top 100 Europe Award and the Top 100 North America Award,” said Alex Vieux, Red Herring CEO and Chairman. “Technology is the future currency of our world and I believe that these companies are at the forefront of innovation. BioCatch has done exceptional work in the behavioral biometrics space, validated by customers around the world, and I am excited to see what the future has in store for them.”
The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across Europe and North America. The nominees are evaluated on 20 main quantitative and qualitative criterion, which include disruptive impact, market footprint, proof of concept, financial performance, technology innovation, social value, quality of management, execution of strategy, and integration into their respective industries.