June 15, 2017 -
BioCatch has been named a Red Herring Top 100 company in both Europe and North America.
The Red Herring Top 100 award highlight the most exciting startups from Asia, Europe and the Americas and are widely recognized as one of the industry’s more prestigious recognitions, with hundreds of candidates from each continent competing for a Top 100. Nominees are evaluated on 20 main quantitative and qualitative criterion, which include disruptive impact, market footprint, proof of concept, financial performance, technology innovation, social value, quality of management, execution of strategy, and integration into their respective industries.
“Receiving the Top 100 awards in both Europe and North America reflects the momentum we are seeing in market adoption for our solutions across the globe,” commented Eyal Goldwerger, CEO of BioCatch. “As more banking functions and payment solutions move to digital channels, behavioral biometrics are also becoming mainstream as both a way to prevent fraud, and a way to enable a better, frictionless, user experience. Today’s fraudsters are savvy and constantly evolving, and our approach is unique in being able to change the rules of the game by knowing the user through its behavior and providing continuous authentication. This lets us stay ahead of threats, and intercept them even when they occur after initial authentication, providing real-time actionable fraud prevention. We are delighted to receive this recognition.”
BioCatch was founded in 2011 by experts in neural science research, machine learning and cyber security and has secured 22 patents including an additional 26 filed, and works with a number of major banks for which they monitor more than four billion transactions a month.
“BioCatch has done exceptional work in the behavioral biometrics space validated by customers around the world,” said Alex Vieux, Red Herring CEO and Chairman. “I am excited to see what the future has in store for them.”
Just last month BioCatch was acknowledged by Frost & Sullivan for its position in the behavioral biometrics landscape.