Visa acquires behavioral biometrics innovator BioCatch for $2.4 billion. * Digital payments giant Visa has agreed to acquire fraud and financial crime prevention platform BioCatch for $2.4 billion in cash. * The acquisition will add to Visa's existing cyber, fraud, risk, and security solutions and provide greater defense against newer threats including account takeover and money mule fraud. * BioCatch was founded in 2011. The company made its Finovate debut at FinovateFall 2014 in New York. Visa has inked a definitive agreement to acquire behavioral and device intelligence innovator BioCatch. Visa will purchase the company from funds advised by Permira and other shareholders for $2.4 billion in cash. The move will add to Visa's current array of cyber, fraud, risk, and security solutions and is expected to be especially helpful in managing threats such as account takeovers, scams, money mules, and application fraud. Subject to customary closing conditions, including receipt of all relevant regulatory approvals, the acquisition is expected to close by the end of Visa's fiscal Q2 of 2027. "Real-time insights into customer intent continue to grow increasingly essential for institutions to establish trust within digital banking sessions," BioCatch CEO Gadi Mazor said. "For more than a decade, we've demonstrated behavior's unique ability to distinguish the criminal from the legitimate. In the last couple of years, we've shown how real-time intelligence-sharing networks between our customers can amplify the power of our behavioral intelligence further still. Together with Visa, we're even better positioned to advance our mission of making the world a safer place to transact and protect consumers from financial crime." BioCatch offers AI and machine learning-based solutions that analyze thousands of application, behavioral, device, and network signals such as keystrokes and mouse activity, touch gestures, and device handling. This enables BioCatch's technology to detect fraud and distinguish between legitimate and fraudulent users in real time. BioCatch's models provide continuous monitoring to assess user intent and identify signs of potential coercion or manipulation throughout the digital banking session. More than 350 financial institutions around the world leverage BioCatch's technology to protect 760+ million users from fraud and financial crime. Visa's acquisition of BioCatch comes at a time when AI, biometrics, identity, cyber defense, and fraud prevention are converging. To this point, in addition to this week's transaction, Visa has launched its Visa Vulnerability Agentic Harness solution, an open-source, AI security tool to help customers spot and mitigate vulnerabilities at scale. Visa noted in a statement that, over the last five years, the company has invested more than $13 billion in technology and infrastructure to secure its payments ecosystem and drive fraud rates lower. "Account takeovers and scams cost the global economy over $1 trillion annually and AI is enabling these attacks at unprecedented scale," Visa's president of value-added services Andrew Torre said. "BioCatch will help our clients stop fraud before it reaches the point of payment. This acquisition is part of our strategy to help clients prevent cyber threats upstream, building trust into every transaction." Founded in 2011 and headquartered in New York, BioCatch made its Finovate debut at FinovateFall 2014. In the years since then, the company has grown into a major financial crime prevention platform analyzing 18 billion user sessions per month and protecting 1.7 billion devices. In 2025 alone, BioCatch assessed more than $17 trillion in transactions and prevented $4 billion in fraud.

Visa plans to acquire BioCatch, a behavioral biometrics firm specialising in fraud detection, for up to $2.4 billion in cash. The deal nearly doubles BioCatch's $1.3 billion valuation from September 2024, when Permira Growth Opportunities took a majority stake. BioCatch analyses how users physically interact with devices — swiping, typing, and pausing patterns — to create behavioral fingerprints that detect fraud. In 2025, its platform analysed $17.2 trillion in transactions and prevented $4 billion in fraudulent activity. Over 350 banks globally use BioCatch's solutions, protecting more than 1.7 billion devices worldwide. The acquisition gives Visa proprietary fraud prevention technology as competition intensifies with Mastercard, PayPal, and fintech challengers. The deal awaits regulatory approval. If completed at the reported range, it would rank among the largest pure-play fraud prevention acquisitions in fintech history.

SPARK Matrix(TM) for Behavioral Biometrics and Device Intelligence Solutions. QKS Group positions BioCatch as a leader in technology excellence and customer impact NEW YORK (June 30, 2026) - QKS Group today announced BioCatch as a leader in the latest iteration of its SPARK Matrix(TM) for Behavioral Biometrics and Device Intelligence Solutions. No other vendor ranked higher for customer impact or technology excellence. "BioCatch's positioning as a leader in the behavioral biometrics and device intelligence market reflects its ability to support financial institutions as they navigate an increasingly complex fraud landscape, where AI is accelerating both the scale and sophistication of threats," QKS Group Vice President and Principal Analyst Divya Baranawal said. "The company combines behavioral biometrics, device intelligence, and consortium-driven fraud insights to provide deeper visibility into user behavior and risk signals, helping organizations identify indicators of fraud that traditional controls may overlook. By bringing these capabilities together within a unified platform, BioCatch helps institutions improve fraud detection, streamline risk operations, and strengthen customer trust by enabling more secure and reliable interactions across digital channels." The QKS Group SPARK Matrix(TM) is published annually and provides a comprehensive analysis of global market dynamics, key industry trends, vendor positioning, and the competitive landscape for behavioral biometrics and device intelligence solutions. The report includes a comparative evaluation and ranking of leading providers to help organizations assess vendor capabilities, differentiators, and market position. BioCatch's leadership position reflects its differentiated approach to behavioral intelligence as the foundation of a broader fraud and risk-detection ecosystem. Unlike solutions that treat behavioral biometrics as a feature or add-on, BioCatch was built from the ground up around behavioral science, enabling institutions to move beyond isolated threat detection and identify broader patterns of criminal behavior and connections across organized fraud networks. This approach is reinforced by BioCatch's consortium-driven intelligence network and extensive behavioral data ecosystem which help organizations detect emerging fraud trends and coordinated criminal activity earlier than traditional rule-based or transaction-centric controls. Insights generated across the network enable financial institutions to benefit from a global view of evolving fraud tactics and risk signals. "This recognition from QKS Group validates our core conviction: behavioral intelligence is the foundation of modern fraud prevention," Chief Product Officer Ayelet Eliezer said. "While others have added behavioral capabilities to their platforms, we've built our entire ecosystem around the science of human behavior, combining behavioral intelligence, device intelligence, and data-sharing across institutions to create a powerful effect that uncovers criminal intent and coordinated fraud before it manifests. We're honored to lead the industry in both technology excellence and customer impact." In 2025, BioCatch further expanded its platform with DeviceIQ, adding persistent device recognition, pre-login risk assessment, and cross-channel device intelligence. Together, behavioral, device, and network intelligence provide institutions with a more complete understanding of user activity, device risk, and coordinated fraud operations. Download the report to view the complete results. ### About BioCatch: BioCatch prevents fraud and financial crime by recognizing patterns in human behavior, continuously collecting more than 3,000 anonymized data points - keystroke and mouse activity, touch screen behavior, AI agent usage, jailbroken devices, and more - as people interact with their digital banking platforms. With these inputs, BioCatch's AI and machine-learning models continuously assess both user intent and any signs of coercion or manipulation throughout every millisecond of every digital banking session, allowing banks to distinguish the criminal from the legitimate in real time. Insights drawn from across the entire network of BioCatch institutions further amplify the power and accuracy of that real-time risk-scoring. As of the end of Q1 2026, more than 30 of the world's largest 100 banks and 357 total financial institutions deploy BioCatch solutions, analyzing 18 billion user sessions per month and protecting more than 680 million accounts accessed from more than 1.7 billion devices around the world from fraud and financial crime. About QKS Group: QKS Group is a global analyst and advisory firm helping enterprises, technology vendors, and investors make trusted, data-driven decisions. Its portfolio spans the flagship SPARK Matrix(TM) evaluation framework, SPARK Plus(TM) analyst advisory platform, QKS Intelligence(TM) for market and competitive tracking, and QKS Community(TM) for CXO leaders and practitioners. All offerings are powered by a Human-Intelligence-driven framework and QKS's closed-loop research methodology - integrating expert-led insights, quantitative modeling, and continuous validation to deliver credible, outcome-focused intelligence. ### PR contact: Mac King BioCatch director of global marketing communications [email protected] Anish Krishnan PR & Media Relations QKS Group [email protected]