OurCrowd’s portfolio company Biocatch was featured on Reuters, a leading international news agency. Biocatch has developed a novel approach to cyber-security using behavioral analytics to identify unauthorized activity in online and mobile applications.
“The main problem for banks today is not catching the fraud but the friction caused with genuine online users,” said Biocatch founder and Chief Executive Benny Rosenbaum. Adding a level of behavioral biometric profiling, he said, can prevent a lot of headache for banks and customers who get unduly flagged. It can also detect scams other systems miss.
Several leading financial institutions in the United States and Europe are currently testing [the] company’s product on their online or mobile banking sites.
Biocatch raised $3,300,000 from OurCrowd investors in March 2014.
Read more on Reuters here.