BioCatch delivers Scams360 to help banks advance detection of emerging scam types

BioCatch New York

(one regional bank in the U.S. that works with BioCatch stopped $100 million in impersonation scam payments in 2024 alone), giving BioCatch customers broader protection against the growing range of social engineering scam typologies.

"We are excited to see more innovation out of BioCatch to combat the global increase in scams," The Knoble Founder and Board Chair Ian Mitchell said. "BioCatch is leading a growing list of solution providers working to protect banking customers and communities from the increased complexity of scams."

BioCatch and the Knoble recently partnered to launch an anti-scam guide and cost calculator, highlighting how the cost of scams extends well beyond direct losses, driving up operational expenses, customer churn, compliance exposure, and reputational risk. On Sept. 4, the Knoble will host a virtual roundtable on scam-prevention.

BioCatch now analyzes more than 15 billion user sessions per month, protecting more than 500 million people and 1.5 billion devices around the world from fraud and financial crime, while stopping an estimated $3.7 billion in fraudulent transactions in 2024.

About BioCatch:

BioCatch prevents financial crime by recognizing patterns in human behavior, continuously collecting more than 3,000 anonymized data points – keystroke and mouse activity, touch screen behavior, physical device attributes, and more – as people interact with their digital banking platforms. With these inputs, BioCatch's machine-learning models reveal patterns in user behavior and provide device intelligence that, together, distinguish the criminal from the legitimate. The company's Customer Innovation Board – an industry-led initiative in partnership with American Express, Barclays, Citi Ventures, HSBC, National Australia Bank, and others – collaborates to pioneer innovative ways of leveraging customer relationships for improved fraud detection. Today, more than 30 of the world's largest 100 banks and more than 280 total financial institutions deploy BioCatch solutions, analyzing more than 15 billion user sessions per month and protecting more than 525 million people on more than 1.6 billion devices from fraud and financial crime.

PR contact:
Mac King
BioCatch director of global marketing communications
[e-mail]

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