Baxter Credit Union adopts BioCatch’s anti-fraud platform
Baxter Credit Union is adopting the anti-fraud platform created by OurCrowd portfolio company BioCatch to protect its customers from identity theft and other financial crimes.
BioCatch, which numbers more than 25 of the top 100 global banks as customers, analyzes a user's physical and cognitive digital behavior to distinguish between genuine users and cybercriminals. The Israeli startup’s behavioral biometric technology continuously monitors for risk throughout every online session, leverages machine learning to deliver a risk score, and alerts the financial institution if fraudulent behavior is detected.
“This partnership with BioCatch gives us the tools we need to stop attacks in real time and ensure our members and employees can work together in a safe and secure system,” says Stacy Bausch, Senior Director of the Account Protection Team at BCU, which holds some $5 billion in assets and serves over 300,000 members in the US and Puerto Rico.
Other BioCatch clients include American Express, Barclays, HSBC, NatWest, Itau and National Australia Bank.
