Case Study: Leading Financial Institution achieves 98% fraud detection and lowers operational burden with BioCatch

Transforming fraud protection and reducing the operational burden

Leading Financial Institution partnered with BioCatch to tackle rising fraud risk, alert fatigue, false positives, and the operational burden of maintaining a complex security stack. The bank needed a smarter way to manage high-risk transaction decisions while staying compliant and supporting digital transformation.

BioCatch implemented its behavioral biometrics fraud prevention platform, integrating with the institution’s existing Azure environment and legacy controls to improve detection and reduce friction. The result was a 98% fraud detection rate, a 54% year-over-year reduction in fraud budget, monthly savings of about $1.9 million, and a 134% drop in operational burden for the monitoring team.