Location: Tel Aviv, Israel
Business Model: Licensing, B2B
Category: Cyber Security, Biometrics, Behaviour Analysis
Geographic Markets: World-Wide
BioCatch provides banks and e-commerce companies with a technology to detect cyber threats and online fraud before it happens and to deliver solutions for mobile and web applications.
Using its own behavioral biometric authentication and threat detection technology, BioCatch analyzes bio-behavioral, cognitive and physiological factors to generate user profiles for banking and e-commerce sites thereby decreasing the amount of unsafe transactions to combat cyber threats.
Its technology is based upon what the company refers to as “invisible challenges” to monitor user behavior and conclude if the user is fraudulent or not.
BioCatch detects account takeovers, RAT, and malware attacks all using this behavioral and cognitive analytics approach.
The Due Diligence Report for BioCatch, prepared with crowd analysis and predictive algorithms, perfect for investment assessment, research and general in depth analysis.
BioCatch has been granted 23 patents years, with 22 of them currently pending, along with 2 trademarks. Most of the company’s patents are regarding user authentication and communication control.
BioCatch has expanded its services across 6 countries and throughout banks and e-commerce sites.
A partnership between Nuance Communications and BioCatch was announced in February 2017 in order to provide BioCatch’s services as part of Nuance’s Security Suite and enhance their fraud detection system.
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