ABNB Federal Credit Union Launches BioCatch on Alkami’s Digital Banking Platform


Technology leverages behavioral biometrics for faster, more secure transactions

PLANO, TX, August 31, 2022 /PRNewswire/ — Alkami Technology, Inc. (NASDAQ: ALKT) (“Alkami”), a cloud-based leader digital banking solutions provider for banks and credit unions in the United States, today announced that its customer, ABNB Federal Credit Union, has launched the BioCatch solution through the Alkami platform to protect members against fraudulent attacks and cybercrime with state-of-the-art anti-fraud technology.

“The steady increase in the use of mobile and online banking services by our members over the past two years has resulted in a similar increase in fraudulent activity,” said Mick Vollmer, Chief Information Officer of ABNB. “Adding BioCatch will help us further protect our members in real-time against threats such as social engineering scams, account takeovers, fraudulent account opening, and mule account detection,” concluded Vollmer.

A member of Alkami Gold Partner Program, BioCatch monitors user behavior throughout the account lifecycle, at creation and continuously throughout each online session, to identify risks by analyzing actions such as mouse movements, frame rate typing or interacting with the screen. Leveraging machine learning to produce a risk score, BioCatch identifies and alerts the financial institution to genuine or fraudulent behavior. The technology helps ensure account holders have a secure and seamless digital experience while reducing risk to the financial institution.

“We believe that no financial institution should have to accept increased fraud risk in order to deliver a premium customer experience, and we observe that the most sophisticated fraud attacks do not discriminate based on size. , stature or location.” said Gadi Mazor, CEO of BioCatch. “By leveraging our cutting-edge technology, ABNB can provide its members with a world-class online banking experience while protecting against the latest fraud attacks before funds are lost. BioCatch is committed to benchmarking of Alkami in digital banking by enabling seamless user experiences our fraud prevention techniques We are delighted that our partnership with Alkami will enable more financial institutions to protect their most vulnerable customers and deliver an enhanced digital user experience.”

Security and fraud prevention are at the heart of the concerns of financial institutions across the country. ABNB is another Alkami customer that is leading the way in adopting cutting-edge innovations to protect and protect its members,” added Stephane Bohanon, co-founder and chief strategy and product officer of Alkami. “I am delighted to see ABNB joining the community of Alkami customers working to proactively preempt these threats while improving the user experience.”

About Alkami

Alkami Technology, Inc. is a leading provider of cloud-based digital banking solutions for financial institutions in United States that empowers customers to grow with confidence, adapt quickly, and build thriving digital communities. Alkami helps customers transform through retail and enterprise banking, digital account opening and digital loan origination, multi-payment fraud prevention, and data analytics solutions and of commitment. To learn more, visit www.alkami.com.

About ABNB Federal Credit Union

ABNB is a full-service financial institution that provides personal and business financial services to its members by Greater Hampton Roads, Virginia and Northeastern North Carolina. With fourteen branches and a nationwide network of credit union service centers and no-charge ATMs, ABNB currently serves nearly 78,000 members. For more information, visit ABNBfcu.org.

About BioCatch

BioCatch is the leader in behavioral biometrics, a technology that leverages machine learning to analyze a user’s physical and cognitive digital behavior online to protect individuals online. Today, BioCatch counts more than 25 of the top 100 global banks among its customers who use BioCatch solutions to fight fraud, drive digital transformation and accelerate business growth. With over a decade of data analysis, over 80 patents filed and unparalleled experience, BioCatch continues to innovate to solve tomorrow’s problems. For more information, please visit www.biocatch.com

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SOURCEAlkami Technology, Inc.

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Michael C. Sumner