Fraud and financial crime prevention company chosen from nearly 5,000 nominees
REDMOND, WASH. (June 27, 2024) — BioCatch, the global leader in digital fraud detection and financial crime prevention powered by behavioral biometric intelligence, is one of only four finalists for Microsoft’s Partner of the Year Award in the financial services category. Microsoft, the tech giant with the largest market cap of any company on the planet, selected BioCatch Connect from 4,700 nominees in 100 countries for its outstanding account opening, account takeover, scams, and money mules solutions.
“We are thrilled Microsoft chose us for this honor,” BioCatch Chief Revenue Officer Mike Keating said. “They have been a fantastic partner, helping BioCatch protect financial institutions around the world from fraud and financial crime while also enhancing the customer experience.”
BioCatch, a global firm with 321 employees, expanded its partnership with Microsoft in 2023, bringing its behavioral biometric intelligence to Microsoft Cloud for Financial Services (FSI Cloud), which allows banks to purchase BioCatch solutions through Azure Marketplace.
"As financial institutions continue to take their operations to the cloud, we’ll be there alongside Microsoft to stop cybercriminals looking to exploit cloud-based vulnerabilities to commit fraud and financial crime,” Keating said.
Microsoft selected BioCatch as a finalist, alongside Capgemini (the winner), Temenos, and Intellect Design Arena Ltd, based on their commitment to their customers, the impact of their solutions, and their exemplary use of Microsoft technologies.
“Congratulations to the winners and finalists of the 2024 Microsoft Partner of the Year Awards!” Microsoft Chief Partner Officer and Corporate Vice President Nicole Dezen said. “The momentum generated by numerous AI and Copilot announcements this year fueled innovation from our partners, enabling groundbreaking services and solutions to customers. I am inspired by the capability and creativity in our partner ecosystem and this year's winners beautifully demonstrate the best of what’s possible with AI and the Microsoft Cloud.”
For the complete list of Microsoft Partner of the Year award categories, winners, and finalists click here. Visit BioCatch Connect to see how it detects, prevents, and reduces fraud and financial crime around the world.
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 196 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, 92 registered patents, and unmatched expertise, BioCatch continues to lead innovation to address future challenges. For more information, please visit www.biocatch.com.
