BioCatch, the pioneer of behavioral biometric intelligence and a global leader in fraud detection, today announced its recognition as a “Company to Watch in 2023” from Liminal, a strategy advisory firm serving digital identity, cybersecurity, and fintech solution providers and the private equity and venture capital community. The companies highlighted on Liminal’s Companies to Watch list are chosen independently by CEO Travis Jarae and his team of researchers. The companies are evaluated based on their momentum, how well their products fit the market, and the current state of the market.
“We are honored to be recognized by the experts at Liminal,” said Gadi Mazor, BioCatch CEO. “As financial institutions and their customers face a tsunami of scam attacks, identity theft, and financial fraud, technology must continuously evolve and adapt. I’m proud of our team who are relentlessly focused on serving BioCatch customers, helping today’s financial institutions defend against evolving fraud threats.”
“The outstanding group of businesses that make up this year’s ‘companies to watch’ list are pioneers in their respective solution segments within Liminal’s Digital Identity Landscape. As strategists, we believe that these businesses provide us with the most insightful information about what the future holds for innovation, strategy, and teamwork,” said Travis Jarae, Liminal CEO.
BioCatch advances digital banking by seamlessly securing digital transactions that improve the customer experience. As the leader and industry pioneer in AI-driven behavioral biometrics intelligence, the company leverages its proprietary technology to analyze over five billion digital sessions a month in real-time, helping more than 100 of the world’s largest financial institutions protect their assets and customers from fraud and identity theft.
Liminal’s recognition comes during a period of sustained growth and global expansion for BioCatch as financial crime continues to rise significantly. The company’s unique solutions for identifying social engineering scams and money laundering in real-time are leveraged by the largest global financial institutions today. Last month, the company announced that they helped to detect over $1.5 billion of fraud in 2022.
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