BioCatch

About The Fund

BioCatch, based in Boston, Massachusetts, is a leading provider of behavioral biometrics solutions designed to combat digital fraud and build consumer trust. Founded in 2011, BioCatch has developed a sophisticated cloud-based platform that analyses over 500 cognitive behavioral parameters to create distinct user profiles. Through continuous authentication of users during their online sessions, the solution targets a variety of cyber threats and fraudulent activities, including account takeovers, remote access threats such as RAT-in-the-Browser (RitB), and automated account manipulation. BioCatch's technology is vital for web and mobile application security, serving over 100 of the world's largest banks and financial institutions. Their solutions extend beyond fraud detection to include application fraud protection, bot detection, mule account detection for anti-money laundering efforts, account takeover protection, social engineering and authorized payment scam detection, strong customer authentication, and anti-fraud intelligence sharing network via BioCatch Trust. The firm's BioCatch ConnectTM stands out as an integrated digital fraud, anti-money laundering, and impersonation detection solution that proactively detects traditional and emerging fraudulent activities. BioCatch's approach to fraud prevention is behavior-centric, using continuous behavioral sequencing, predictive intelligence, and fraud telemetry at scale. Additionally, they offer inhertiance analysis for Strong Customer Authentication (SCA) compliance, providing users with a secure and frictionless digital experience. The platform offers a 90% faster detection rate of mule accounts, a 50% increase in detection of impersonation scams within the first three months, a 90%+ fraud alert accuracy in the initial weeks for account opening protection, and a 70% average detection rate of account takeover (ATO) fraud. BioCatch emphasizes collaboration in the fight against fraud, encouraging financial institutions to join their global fraud-fighting network and share information on fraud tactics, techniques, and procedures (TTPs).