BioCatch, the Israel-based company that provides behavioural biometric intelligence and fraud prevention technology, announced that it has established a new Asia Pacific headquarters in Australia.

“First partnering with banks in the region in 2018, the company’s rapid growth and expanding global footprint reflect the speed at which Australian financial institutions are adopting modern technology to defend their businesses and customers against fraud. Business growth in Australia is contributing significantly to BioCatch’s strong APAC momentum of 335% (annual recurring growth) in 2021,” company officials said in a statement published on ffnews.com

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