BioCatch

We’re thrilled to announce Microsoft recognized us as a finalist for its 2024 Partner of the Year Awards. Read the full announcement here: https://okt.to/iSjBCu #MSPartner #PartnersMakeMorePossible

Our latest BioCatch white paper delves into the threats posed by #AI powered scams ⤵️ • In 2023 alone, consumers worldwide lost billions of dollars to these scams, causing immense personal, emotional, and economic damage; • New AI tools only amplify this global menace; • It's clear traditional methods aren't enough; • AI has changed the game. To keep up, fraud fighters must also adapt. Discover how to stay ahead and protect your customers: https://okt.to/Ddo27c #FinancialCrime #BankingIndustry

At BioCatch, our employees are at the heart of everything we do. We're excited to share the results of our employee engagement survey, showcasing why our culture and workplace are so special. Swipe for the results ⏩

In his latest blog post, Global Advisor Edgar Zayas applauds Thailand's shut down of hundreds of thousands of money laundering accounts, but points out the operation only targets a few of BioCatch's money mule personas. Multiple mule accounts remain, and extra work is required to find and close them. Read his considerations: https://okt.to/Hbkg4U #FinancialCrime #FraudPrevention #BankingIndustry

Join our webinar: Countdown to APP Reimbursement. Are You Ready? With just four months remaining until mandatory reimbursement for Authorized Push Payment (APP) fraud, it's crucial to be informed and prepared. In this webinar, BioCatch and UK Finance will cover: • The new parameters for APP reimbursement post-October; • The impact of PSD3 on the Eurozone; • The impact of the Consumer Duty and the importance of focusing on vulnerable customers. Meet our Speakers: • Jonathan Frost, Former Director of UK National Fraud Reporting Centre • Iain Swaine, Global Advisory Director, EMEA, BioCatch • Christine Farrow, Principal, Payment Scheme Fraud Prevention Lead, UK Finance Register now to secure your spot: https://okt.to/vny37l #FraudPrevention #Compliance #BankingIndustry

Matt O’Neill and our Raj Dasgupta spoke with Dalvin Brown of The Wall Street Journal about cybercriminals using AI to make their scams harder to detect and stop: https://lnkd.in/eAWRaMYQ #FinancialCrime #FraudPrevention #AI

How well are fraud management systems adapting to new threats? In his latest blog, BioCatch CMO Jonathan Daly addresses the evolving nature of fraud management, as the rise of APP scams and new and proposed regulations demand more than legacy systems. Here is why financial institutions need to consider a multi-layered defense: https://okt.to/fZYCpN #FinancialCrime #FraudPrevention #BankingIndustry

Threat Talk Live Philippines and Singapore were a resounding success. Both gatherings connected 38 professionals to discuss APAC and country-specific fraud trends and help build the fraud fighting community. These were our first gatherings in the countries, and we were proud to have representatives from cybercrime authorities for Threat Talk Live Philippines. Thank you to all fraud fighters that attended. See you next time!

Today, we released our 2024 Digital Banking Fraud Trends in APAC report. The report showcases the prevalence of money laundering in the region, where BioCatch detected and helped its customers shut down more than 150,000 mule accounts last year. It also highlights the remarkable fraud-fighting success in Australia, where nine out of the 10 largest banks use BioCatch solutions, leading to a decline in money lost to fraud in 2023. Read the full report here: https://okt.to/VeG6uf #FinancialCrime #FraudPrevention #BankingIndustry

BioCatch and National Australia Bank (NAB) joined forces to start fighting fraud together in 2019. Over the last five years, we've had a massive impact, helping NAB save 40% of remote access fraud losses in FY22 and FY23. Hear from NAB's General Manager of Group Investigations Chris Sheehan and Head of Detection & Intelligence Josie Francese about how our teams have worked together to detect unauthorized remote access fraud and keep NAB customers and their hard-earned money safe. #Biometrics #FinancialCrime #BankingIndustry