Alkami Technology, Inc. announced that its clients leveraging BioCatch's fraud prevention solutions through the Alkami Digital Banking Platform stopped over $54 million in fraudulent transactions in 2024. This demonstrates the effectiveness of Alkami's multi-layered approach to security.
The partnership with BioCatch provides a proactive, behavior-based approach to fraud prevention, analyzing digital behaviors in real time to identify fraudsters. This technology helps financial institutions detect and stop account takeover fraud without disrupting the user experience, as highlighted by Jessica Ebeling of Gate City Bank.
Brad Cranford, director of product management at Alkami, emphasized that BioCatch is a valuable component in helping financial institutions detect and stop emerging threats. This success reinforces Alkami's commitment to safeguarding its customers and strengthens its offering in a market where fraud remains a pressing challenge.
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