India, Aug. 3 -- Visa Inc. (V) has agreed to acquire fraud detection company BioCatch for $2.4 billion in cash, expanding its cybersecurity capabilities as financial institutions face a sharp rise in AI-driven scams and account takeover fraud.
Founded in 2011, BioCatch uses behavioural biometrics to distinguish legitimate users from fraudsters in real time by analysing signals such as keystroke patterns, touchscreen interactions, and device handling.
The company serves more than 350 banking clients across 21 countries, protecting 760 million users and 1.8 billion devices. Visa said the deal will strengthen its fraud, risk, and security offerings, helping clients detect and stop suspicious activity before payments are made.
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