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Alkami's Successful Fraud Prevention Strategy with BioCatch

In a groundbreaking update, Alkami Technology, Inc. has revealed that their partnership with BioCatch has led to the prevention of over $263 million in fraudulent activities across various financial institutions in 2025. This impressive result showcases the effectiveness of behavior-based fraud protection strategies, especially in an era where cyber threats are escalating rapidly.

Alkami, a digital sales and service platform primarily for U.S. financial institutions, has made significant strides in enhancing security practices during what they refer to as Cybersecurity Awareness Month. This initiative aims to highlight the critical importance of strong security measures for online banking, particularly as cybercriminals adopt increasingly sophisticated tactics to compromise online accounts.

Understanding the Risks

Cybercriminals exploit a range of methods to gain unauthorized access to bank accounts, often starting with phishing schemes or manipulating users to divulge sensitive information. Alkami's collaboration with BioCatch provides a comprehensive solution through its Account Takeover Protection service. This service analyzes various signals in real-time as users engage with their digital banking interfaces, establishing what is considered legitimate banking behavior.

By continuously monitoring user behavior, the platform can quickly identify irregular patterns that might indicate a compromised account. Factors taken into consideration include:

• - Unusual navigation habits
• - Odd transaction behaviors
• - Suspicious interaction patterns

Such intelligence allows financial institutions to act swiftly, potentially stopping fraud before it leads to significant financial losses.

Early Detection and Response

Brad Cranford, director of product management at Alkami, emphasized the platform's advantage in recognizing nonsensical activity during banking sessions without creating barriers for users. He pointed out how these behavioral and session signals provide early alerts for potential account takeover risks, allowing institutions to intervene effectively.

Each digital banking session carries a risk score that aids financial institutions in deciding how to manage various activities. Institutions can customize their responses based on their specific risk tolerance, providing a tailored approach to their security operations.

As Jay Whoriskey, vice president of global partnerships at BioCatch, rightly noted, the key to effective fraud prevention hinges on recognizing risks promptly. He expressed pride in the collaboration, underscoring how, together, BioCatch and Alkami facilitate continuous visibility into user intent throughout every aspect of a digital banking transaction.

The staggering success has been reflected in actionable customer experiences. Notably, Gate City Bank recorded a remarkable account takeover capture rate of 97%, leading to about $650,000 in deterred fraud within the last six months. Raiz Federal Credit Union also reported saving over $286,000 from potential fraud in their first year using this layered security approach integrated with Alkami's digital platform.

The Future of Fraud Prevention

BioCatch focuses on thwarting fraud and financial crimes by identifying variations in human behavior through the analysis of over 3,000 anonymized data points. This includes keystroke dynamics, mouse movements, touch screen interactions, and more. By leveraging this data, BioCatch enables banks to pinpoint between legitimate users and fraudsters in real-time, thus providing a robust defense against scams and attacks.

As of the first half of 2026, over 370 financial institutions deploy BioCatch solutions, analyzing a staggering 19 billion transactions monthly and safeguarding 760 million users across more than 1.8 billion devices globally from fraudulent activities.

Conclusion

With the growing sophistication of cyber threats, the partnership between Alkami and BioCatch represents a significant step forward in the banking industry's fight against fraud. Their advanced behavioral intelligence systems not only protect financial institutions from significant losses but also uphold the trust and safety of account holders. Financial institutions are encouraged to explore Alkami's digital banking solutions for a fortified approach to fraud prevention, as market conditions continue to evolve.

For those interested in understanding more about Alkami’s effective fraud prevention capabilities, additional information can be found on their official site. Furthermore, to explore the concept of Anticipatory Banking and its implications, visit here.