BioCatch's Australian HQ announced

Behavioural biometric intelligence firm BioCatch has established an Australian HQ in Melbourne, strengthening its presence across APAC. The company’s fraud protection platform is built on behavioural biometrics intelligence and detects financial fraud by identifying abnormalities in the data caused by changes to normal human behaviour that are strong indicators of fraud. BioCatch pioneered the behavioural-based technology in 2011 and this innovative technology allows it to analyse over five billion digital sessions per month and partner with more than 100 of the world’s leading banks to reduce the impact of fraud and identify theft on a global scale. Four of the five major Australian banks use BioCatch solutions to protect customers.

In line with the increasing prevalence of financial fraud in Asia–Pacific, BioCatch expects to be a launching pad for greater APAC initiatives, as the company continues to invest in the region to help financial institutions understand the current fraud landscape and arm them with actionable intelligence.

“Australia and New Zealand are priority markets for BioCatch,” said Richard Booth, Head of APAC Market.

“The continued demand for our behavioural biometric intelligence solutions reaffirms the impact that BioCatch’s technology-first approach plays in the fast-moving digital transformation of the region’s financial landscape. Our investment demonstrates our long-term commitment to helping Asia–Pacific’s financial institutions tackle evolving fraud challenges and will enable them to securely capitalise on digital growth opportunities in an ecosystem where identity, trust and ease seamlessly co-exist.”

Research from the Australia Banking Association confirms a sustained shift towards digital banking among Australian consumers, with more than 80% of consumers preferring to conduct banking online. A study by FinTechNZ also pointed to New Zealand’s fast-growing fintech sector, illustrating a similar shift towards the digitalising of in-country banking. These trends have the potential to elevate digital fraud challenges, collectively raising the need for effective fraud management solutions.

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