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. This acquisition supports Visa's growth in value-added services, helping banks combat increasing AI-driven fraud and account takeovers. The deal is expected to close by Visa's fiscal Q2 2027, pending regulatory approval.
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 analyze...
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 ...
