Visa announced it will acquire Israeli fraud intelligence company BioCatch for $2.4 billion in cash. The deal aims to strengthen Visa's cyber and fraud prevention capabilities by leveraging BioCatch's AI and machine learning technology, which analyzes behavioral and device signals to detect fraud. BioCatch protects 1.8 billion devices and serves over 350 banks globally. This acquisition addresses the growing threat of fraud, which costs the global economy over $1 trillion annually, and aligns with increasing demand for AI-powered fraud detection in banking.
Visa is acquiring Israeli fraud detection startup BioCatch for $2.4 billion in cash to enhance its cybersecurity capabilities. BioCatch uses behavioral biometrics like typing patterns and touchscreen pressure to detect scams before payments happen. T...
Visa emphasizes that building an agentic enterprise with AI requires clear data controls to protect privacy while maximizing value. As AI agents take on more tasks, human oversight remains crucial, especially for decisions involving risk and strategy...
Chime Financial is laying off about 150 employees, or 10% of its workforce, to pivot towards artificial intelligence (AI) and build new capabilities. CEO Chris Britt explained the need for smaller, faster teams with skills to leverage AI benefits as ...
