Nasdaq Verafin and BioCatch join forces against fraud

September 4, 2025 • FinTech News

Nasdaq Verafin and BioCatch have formed a strategic partnership to fight the growing wave of global payments fraud. This criminal activity accounted for most of the $486 billion in financial losses recorded during 2023. The collaboration will provide financial institutions with advanced tools as real-time payments increase scam and fraud risks.

Combining Consortium Data with Behavioral Intelligence

This alliance integrates Nasdaq Verafin’s extensive consortium data network with BioCatch’s behavioral and device intelligence. Verafin’s platform gathers data from more than 725 million counterparties worldwide. It supports institutions managing over $10 trillion in assets. This large network helps banks identify risks beyond their own transactional view. BioCatch complements this with behavioral biometrics, analyzing 3,000 data points including keystrokes, touchscreen patterns, and device signals. This technology helps distinguish legitimate customers from fraudsters in real time.

Integrated Fraud Detection Platform

In the initial phase, BioCatch’s alerts will appear directly within Verafin’s fraud detection platform. This gives banks single-screen access to both behavioral and transactional intelligence. The integration breaks down information silos, enabling financial institutions to identify fraud patterns earlier. They can then take action before transactions complete.

The partnership also includes plans for joint product development, research, and thought leadership initiatives. This signals a long-term commitment to reshaping fraud prevention through global cooperation.

Industry Leadership Perspective

Nasdaq executive vice president Stephanie Champion emphasized the need for industry-wide cooperation. She stated that the collaboration will enhance existing solutions and create a “crime-fighting network” to help banks protect customers. BioCatch CEO Gadi Mazor highlighted the operational benefits, noting that single-screen access to combined signals will make fraud prevention work “immediately easier” for financial institutions.

Industry analysts view this partnership as a win-win combination. It merges the scale of consortium analytics with the precision of behavioral intelligence. As fraudsters exploit the speed of real-time payments, this partnership aims to transform the industry from reactive responses to proactive prevention. This approach strengthens both consumer trust and overall financial system stability.