Alkami Customers Prevent Over $263 Million in Fraud with BioCatch
PR Newswire•09/10/2026•10:00 ET
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Key Highlights
- ➤Alkami customers prevented over $263M in fraud during 2025 using BioCatch
- ➤Gate City Bank reported a 97% account takeover capture rate
- ➤Gate City Bank deterred $650K in fraud loss over the last six months
- ➤Raiz Federal Credit Union prevented more than $286K in fraud during its first year
Expert Statements
Brad Cranford, Director, product management at Alkami
“BioCatch gives our customers another way to recognize suspicious activity during a digital banking session without introducing friction for customers or members.”
Brad Cranford, Director, product management at Alkami
“The 2025 results show how behavioral and session signals are helping financial institutions detect account takeover risk earlier, giving them an opportunity to intervene before suspicious activity becomes a financial loss and helping protect the account holder relationship in the process.”
Jay Whoriskey, Vice president of global partners and alliances at BioCatch
“Effective fraud prevention ultimately comes down to recognizing risk early enough to do something about it.”
Jay Whoriskey, Vice president of global partners and alliances at BioCatch
“Together, BioCatch and Alkami give banks and credit unions continuous visibility into user intent throughout every millisecond of every digital banking transaction, enabling those financial institutions to recognize account takeover in time to stop it.”
Jay Whoriskey, Vice president of global partners and alliances at BioCatch
“Preventing more than $263 million in fraud in a single year serves as a powerful demonstration of what behavioral intelligence can do at scale.”
Alkami Customers Prevent Over $263 Million in Fraud with BioCatch PR Newswire
Annual results from the Alkami-BioCatch partnership demonstrate the impact of behavior-based fraud prevention and highlight customer experiences from Gate City Bank and Raiz Federal Credit Union.
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