BioCatch adds banking industry veteran to board

Jul 30, 2018, 2:43 pm EDT | Stephen Mayhew

Behavioral biometrics firm BioCatch announced the appointment of banking industry veteran and early stage and growth investor Jay Mandelbaum to its Board of Directors. Mandelbaum adds depth and experience to the firm’s leadership as it pursues its growth plan, in line with a recent capital raise.

Mandelbaum has over 20 years of experience as a senior executive in the financial services industry and currently serves as a senior advisor, investor and board member to a number of private growth companies focusing on payments, mobile commerce, digital marketing and financial services including Fundbox, PolicyGenius, and Street Contxt.

“Jay Mandelbaum brings BioCatch extensive executive experience in its key market — financial services — along with a demonstrated ability to identify promising private growth companies and help them achieve their full potential,” said Howard Edelstein, BioCatch Chairman and CEO. “Jay’s interest in joining BioCatch is a validation of the significant market potential for digital identity solutions like ours that enhance online security without disrupting the user experience.”

“I am excited to join the Board of this company and to put my experience to work in helping them solve the digital identity conundrum we are facing today,” added Mandelbaum.