Blockchain Press Releases
BioCatch® Unveils Connect™ Portfolio to Help World’s Leading Brands Deliver Safe, Secure & Seamless Digital User Experiences
Converged Digital Fraud, Anti-money Laundering and Authenticated User Impersonation Detection & Response Solution First to Deliver Pre-Crime Logistical Intelligence; State-of-the-Art Continuous Behavioral Sequencing™ Technology Sets New Bar for Alerting Accuracy and Interdiction Confidence
NEW YORK and TEL AVIV, Israel, Aug. 7, 2023 /PRNewswire/ — BioCatch, the global leader in digital fraud and money laundering detection and response powered by behavioral biometric intelligence, today announced the introduction of its next-generation Connect™ product portfolio. BioCatch® Connect™ is a first-of-its-kind, fully integrated fraud and AML product portfolio that proactively detects and accelerates targeted interdiction of fraudulent activities and identifies criminal actors targeting customers of the world’s largest brands.
BioCatch Connect comes at a pivotal time for the global financial community. Financial scams, such as authorized push payment and remote access scams, increased 30% last year, according to BioCatch data. In the past, these scams were considered “authorized,” leaving consumers unprotected and fraud reimbursement largely up to each individual financial institution. With new regulatory proposals, such as the UK’s Payment Systems Regulator (PSR) and more recent EU Payment Services Directive III (PSD3), requiring mandatory reimbursement and shared liability models between the sending and receiving banks, the financial industry is being compelled to reevaluate fraud management and AML practices.
In a study conducted by Forrester Consulting in June 2023, three out of four financial institutions cited better integration between fraud management and AML capabilities as critical to their ability to respond to financial crime quickly. More recent research by Datos Insights (formerly Aite-Novarica Group) found that nearly two-thirds of financial institutions have made organizational changes within the last two years to improve collaboration and shared services between their fraud and AML practices.
“A trend has been building around how financial institutions approach the challenge of managing trust relationships with their customers in a manner that is more deliberate and formally structured around preserving, protecting and promoting customer safety,” said Trace Fooshee, Strategic Advisor, Fraud & AML at Datos Insights. “This trend has been accelerated by the alarming increase in authorized payment fraud, synthetic identity fraud and mule activity that is increasingly prompting regulators, legislators and payment networks in many markets to consider shifts in liability for reimbursing scam victims to sending and receiving FIs. The shift towards a more holistic corporate strategy for mitigating all aspects of financial crime is increasingly reflected in trends in how FIs are transforming their fraud, AML and cybersecurity units.”
Introducing BioCatch Connect
The BioCatch Connect portfolio reimagines the traditional technology approach to fraud fighting and money-laundering investigation to enable enhanced, targeted, and collaborative mitigation of financial crimes that exploit banking customers and target their assets. Unlike legacy fraud detection solutions, BioCatch Connect puts behavioral biometric intelligence at the center of its artificial intelligence and machine-learning models rather than as a secondary signal.
By integrating application, behavior, device, network, and transactional telemetry continuously from session inception to completion, across a community of millions of users worldwide, signal fidelity becomes significantly more accurate, with measurably fewer false positives, meaning greater efficacy for fraud and AML teams.
BioCatch Connect is comprised of three unique telemetry collection, signal sequencing, and visualization modules that together intelligently source, link, and analyze real-time behavioral biometrics intelligence in contextual progression with thousands of application, device, network, and transactional signals to deliver curated, real-time fraud interdiction, response, and investigative guidance to fraud and AML teams.
Fraud Telemetry Collection @Scale
The foundational element of BioCatch Connect is fraud telemetry collection. The fraud telemetry layer uses a lightweight mobile and web SDK to continuously collect thousands of signals from five distinct data sources, including applications, user behaviors, devices, networks, and transactions from each session.
Continuous Behavioral Sequencing™️ BioCatch’s Continuous Behavioral Sequencing™️ (CBS) technology leverages advanced cognitive human behavioral science, data modeling, and machine learning algorithms to parse, match, analyze, coalesce, and score every element of data collected by the Fraud Telemetry Collection module.
Predictive Intelligence
The Predictive Intelligence module sits atop Continuous Behavioral Sequencing technology to structure and visualize dynamic user risk scores as actionable intelligence fraud, AML, and cyber can use to monitor, investigate, and interdict potential fraudulent user activities and sessions.
BioCatch Connect Delivers Significant Return
Customers with early access to BioCatch Connect and its next-generation models have recognized significant returns over legacy online fraud detection platforms, including:
- 1500% improvement in fraudulent account detection.
- 80% reduction in transaction-related fraud rates.
- 40% in improvement in customer experience.
- 30% reduction in false positive rates.
- 30% improvement in fraud team efficiency and throughput.
- 28% faster user account verification.
- 15% improvement in scam detection.
- 10x more behavioral indicators and pattern models.
“As a digitized society, we have reached a point where the very technology we have come to favor for communication, education, and banking transactions has become a conduit for criminals to coerce us, to intimidate us, and to steal our financial assets. The legacy technologies deployed within the banking community simply cannot match the innovation and speed of fraudsters,” notes Gadi Mazor, CEO of BioCatch. “BioCatch Connect delivers a new generation of intelligence and visualization tools, data science models, and machine learning engines to interdict the exploitation of human kindness, emotion, greed, naivety, and trust. As a fraud-fighting community, we have the opportunity, capability, and duty to fight fraud by sharing, learning and going on offense together. We’ve designed, built, and tested BioCatch Connect to be the solution to accelerate this collaborative industrial journey.”
In relation to scam identification and money laundering account detection, BioCatch Connect customer-design partners are recognizing new levels of pre-crime logistic visibility in support of proactive customer communication and interdiction of fund transfers to known criminal accounts. Specifically, customers have realized the ability to:
- Recognize 98% of active mule accounts in advance of existing system alerts.
- Detect 96% of existing mule accounts.
- Identify 70% of newly created accounts as mules before the first incoming transfer.
“We currently have more than 60 initiatives either complete or underway this year as part of our bank-wide scams strategy. Introducing payment prompts, taking action on spoofing and stopping the use of links in unexpected text messages are among key measures we’ve introduced recently. We’ve also worked with partners like BioCatch since 2020 to introduce biometrics capabilities into our digital channels to help us better detect potential fraudulent activity in real-time. This technology is playing a really important role in helping us detect and intercept things like remote access scams by detecting unusual or inconsistent behavior on a customers’ account,” Chris Sheehan, National Australia Bank’s (NAB) Executive Group Investigations and Fraud. “These initiatives are having a positive outcome for our customers; for example, we’re seeing around $290,000 worth of payments abandoned daily thanks to our payments prompts initiative. This tells us that customers are taking the time to stop and think before they make a payment. We need to do everything we can to stop the crime before it happens.”
“We firmly believe that the only way to defeat today’s digital fraud is together,” notes Jonathan Daly, CMO of BioCatch. “We’ve built this core belief into Connect. Our role is to connect our fraud experts with other thought leaders around the world; connect banks to banks; connect fraud teams with AML teams; connect and analyze signals that reveal the story behind the numbers and provide actionable insights We are honored to serve as the mesh between this global community that enables people to live their lives free from fraud.”
To learn more about the BioCatch Connect portfolio and the company’s mission to empower the world’s largest brands to recognize and protect their customers in the digital multi-verse, visit www.biocatch.com and watch the videos below to hear from BioCatch customers:
About BioCatch
BioCatch stands at the forefront of digital fraud detection, pioneering behavioral biometric intelligence grounded in advanced cognitive science and machine learning. BioCatch analyzes thousands of user digital interactions to support a digital banking environment where identity, trust, and ease coexist. Today, more than 25 of the world’s leading 100 banks and 100 of the largest 500 rely on BioCatch’s solutions to combat fraud, facilitate digital transformation, and grow customer relationships. BioCatch’s Client Innovation Board, an industry-led initiative featuring American Express, Barclays, Citi Ventures, HSBC, and National Australia Bank, collaborates to pioneer creative and innovative ways to leverage customer relationships for fraud prevention. With more than a decade of data analysis, over 80 registered patents, and unmatched expertise, BioCatch continues to lead innovation to address future challenges. For more information, please visit www.biocatch.com.
Media Contact:
Jay Jones
[email protected]
404.668.0218
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Blockchain Press Releases
MEXC Announces Listing of Hyperlane (HYPER) with a 165,000 HYPER and 50,000 USDT Prize Pool
VICTORIA, Seychelles, April 21, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, announced the Hyperlane (HYPER) listing on April 22, 2025(UTC).To celebrate this significant addition to the exchange, MEXC is launching a special event with a prize pool of 165,000 HYPER and 50,000 USDT for new and existing users.
Hyperlane is the first permissionless, universal interoperability protocol dedicated to building a truly open and decentralized cross-chain communication infrastructure. As “The Open Interoperability Framework,” it enables anyone to freely expand, utilize, and customize the network, allowing developers to easily and securely build cross-chain applications and token bridges. To date, Hyperlane has connected over 140 blockchains, processed nearly 9 million cross-chain messages, and bridged more than $6 billion in volume through its Warp Routes.
$HYPER is the native token of the Hyperlane ecosystem, with an initial total supply of 1 billion tokens. It plays a critical role in securing the protocol through staking, rewarding validators for verifying cross-chain messages, incentivizing user-driven activity, and enabling community governance over protocol development.
To celebrate the listing, MEXC will launch an Airdrop+ event with substantial rewards for users:
Event Period: April 21, 2025, 10:00 – May 01, 2025, 10:00 (UTC)
Benefit 1: Deposit and share 120,000 HYPER (New user exclusive)
Benefit 2: Spot Challenge — Trade to share 15,000 HYPER (For all users)
Benefit 3: Futures Challenge — Trade to share 50,000 USDT in Futures bonus (For all users)
Benefit 4: Invite new users and share 30,000 HYPER (For all users)
MEXC has established itself as a leading exchange by consistently offering users early access to high-potential crypto assets. In 2024 alone, the platform listed 2,376 new tokens, including 1,716 initial listings. According to the latest TokenInsight report, MEXC led the industry with 461 spot listings between November 1, 2024, and February 15, 2025. During this period, the exchange maintained a high listing frequency, consistently ranking among the top six platforms, demonstrating its agility in capturing emerging market trends. MEXC will continue to expand its asset offerings and help users seize timely opportunities in the fast-moving crypto market.
For full event details and participation rules, please visit here.
About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 36 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
Risk Disclaimer:
The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.
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Blockchain Press Releases
Introducing Clementine Bridge: Citrea Deploys First Complete BitVM Bridge Design on Testnet
Citrea’s Clementine Bridge marks the first time that a fully programmable layer is tested for settling on Bitcoin.
GEORGE TOWN, Cayman Islands, April 21, 2025 /PRNewswire/ — Citrea, the first ZK rollup to enhance capabilities of Bitcoin blockspace and enable Bitcoin applications (₿apps), has successfully deployed its Clementine Bridge, the first complete BitVM bridge design on Bitcoin Testnet. Citrea has also recently revealed Clementine’s whitepaper, marking the first real-world implementation of a BitVM-based bridge which extends BTC’s utility to decentralized finance in the most Bitcoin-secured and native way possible. With Clementine’s testnet deployment, Bitcoin is for the first time tested for optimistically verifying a fully programmable layer. The Clementine whitepaper is currently the only documentation of how to use BitVM in a bridge design with clear solutions toward a secure and efficient bridge implementation.
Despite being the world’s largest digital asset, BTC has struggled to build relevance in decentralized finance. A secure bridge between Bitcoin and a secondary layer has always been a bottleneck for using BTC in a programmable environment. This problem has forced users to either keep Bitcoin as a passive store of value or rely on custodians for using BTC in financial activities. Citrea’s BitVM-based Bitcoin bridge Clementine solves this by enabling the safest and most trust-minimized way to bridge BTC and extend its utility to decentralized finance.
Citrea’s Clementine bridge marks a historic moment for Bitcoin and a new beginning for BTC’s utility. “It felt like magic when we saw all the bridge components work smoothly in our internal tests and that any malicious act is stopped by a single honest actor,” said Ekrem Bal, Co-Creator of Citrea. “We’re now ready to test Clementine in a real Bitcoin Testnet environment and make it more battle-tested for Citrea mainnet.”
With the introduction of BitVM by a Bitcoin developer Robin Linus, verifying computations on Bitcoin and building Bitcoin-secured bridges became a possibility. Very soon after its introduction, Citrea team became a core contributor of BitVM and later a founding member of BitVM alliance, where BitVM’s fundamental technology of executing a fraud proof of a zero-knowledge (ZK) proof on Bitcoin was developed collaboratively. Although accomplishing a ZK proof verification on Bitcoin was a prerequisite, there were still critical problems to address to implement this fundamental technology securely and efficiently into a Bitcoin bridge design. A detailed breakdown of this can be found in Clementine’s whitepaper.
Clementine’s design and whitepaper introduce novel solutions to two main research topics in BitVM-based bridge implementation, namely Bitcoin chain fork selection and capital efficiency of operators. These topics have been critical to solve as they ensure both the bridge’s security and efficiency. Citrea’s Clementine bridge offers clear solutions to both of these problems:
- Bitcoin Chain Fork Selection: This is related to ensuring that the bridge follows the longest Bitcoin chain. It has been an open research topic where the BitVM creator introduced superblocks approach but its security was later found to be broken. Citrea introduces a new Bitcoin Light Client design that uses succinct Header Chain Proofs of Bitcoin. These proofs are aggregated by operators into a single BitVM proof.
- Capital Efficiency of Operators: This has been another limitation of implementing BitVM efficiently into a bridge design. With Citrea’s approach to non-standard Bitcoin transactions, operators can now process hundreds of withdrawals in parallel with a single collateral. Disproving only one withdrawal is enough to stop other malicious withdrawal processes.
Clementine’s design relies on zero-knowledge proofs, Bitcoin data availability, a novel Bitcoin Light Client design and BitVM. In the case of a malicious act, an honest watchtower provides a proof of the longest Bitcoin chain. Then the operator generates a proof verifying Citrea’s state, watchtowers’ challenges and payout for the withdrawal. If the operator is malicious, it won’t be able to generate such proof, resulting in slashing the operator. Clementine has three main bridge actors to ensure the system’s integrity:
- Signers enforce BitVM spendings by managing peg-ins through presign transactions
- Watchtowers are tasked with monitoring operators and challenging any malicious behavior by sending a proof of longest Bitcoin chain
- Operators, a group of profit-seeking entities, temporarily cover users’ withdrawals and are later reimbursed with presigned transactions.
Citrea: Bitcoin’s Application (₿app) Layer
Citrea extends Bitcoin’s utility without sacrificing its security. With zero-knowledge technology, Citrea enables Bitcoin to function as a fully programmable layer. With its Bitcoin bridge Clementine, Citrea offers the safest and most trust-minimized way to bridge BTC to a fully programmable secondary layer.
For the first time in its history, Bitcoin Network will be able to support diverse on-chain applications and its utility will be extended to decentralized finance.
Apply to Citrea’s unique incubation program ‘Citrea Origins‘ to build ₿apps.
For more information, please visit: Citrea website | Citrea X Account
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PANAMA CITY, April 21, 2025 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, announces the listing of EPT, the native token for Balance.fun, for both spot trading and also on the BingX Xpool. The spot listing will commence on April 21 at 12:00 (UTC) while the Xpool launch will start on April 22 at 10:00 (UTC). BingX users can stake BTC and EPT in Xpool, though new users will have an additional option to stake USDT to win a bigger share of the reward pool that includes 2,000,000 EPT Points. The first 1000 new users who stake a minimum of 100 USDT will also be able to earn an additional bonus voucher worth 100 USDT.
EPT is the governance token of Balance, an AI-powered web3 experience infrastructure designed for the masses. This new digital asset will fuel the new Balance Platform to create an open and inclusive gaming ecosystem for both gamers and developers with fairness at its core. With the integration of AI and blockchain technology, games can be built and marketed more easily while allowing players to benefit from the enhanced and diversified gaming experience.
Users of the existing Epal platform can transfer their EPT tokens to BingX, enabling a reliable method to trade EPT or, alternatively, purchase EPT for governance purposes. Having a solid exchange to further explore the vast world of cryptocurrencies, this new listing further empowers both Epal and Balance users in the process.
Vivien Lin, Chief Product Officer of BingX, shared her thoughts on the new trading option and Xpool listing: “I think providing users with these new trading and early investment options is our responsibility as a responsible cryptocurrency exchange since some of our users rely on us to introduce such projects with such numerous functions across multiple subcategories”.
Visit bingx.com to join the Xpool starting April 22 and start trading EPT on spot from April 21. Whether you’re a gamer, builder, or crypto enthusiast, this is your chance to be part of a new decentralized chapter in entertainment.
About BingX
Founded in 2018, BingX is a leading crypto exchange, serving over 20 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.
For more information, please visit: https://bingx.com/
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