Financial Services and Cybersecurity Industry
Veterans Bring Extensive Growth, Operations, and Innovation
Experience to BioCatch
NEW YORK and TEL AVIV, Israel, Dec.
4, 2023 /PRNewswire/ -- BioCatch, the global leader in
digital fraud and money laundering detection and response powered
by behavioral biometric intelligence, today announced the addition
of Sallie Krawcheck and Liat Nadai Arad to the company's board of
directors. Together, the award-winning financial services and
cybersecurity veterans bring more than 50 years of growth,
operations, and innovation experience in support of BioCatch's
expanding fraud detection and financial crime prevention product
portfolio and market growth strategies.
Sallie Krawcheck is the CEO and
co-founder of Ellevest, an invest-tech and wealth management
company, built by women, for women. She is one of the few
financial executives of her generation to have found success both
in large, global companies and as a start-up CEO. Before launching
Ellevest, Krawcheck served as CEO of Merrill Lynch Wealth
Management, Smith Barney, US Trust, the Citi Private Bank, and
Sanford C. Bernstein. She was also
Chief Financial Officer for Citigroup. Prior to her multiple
executive leadership roles, Krawcheck was a top-ranked research
analyst covering the securities industry. She is also the
best-selling author of "Own It: The Power of Women at Work," is
considered one of the "Most Influential People in ESG Investing" by
Barron's, and was named the seventh most powerful woman in the
world by Forbes.
Liat Nadai Arad is the Chief
Transformation Officer at the Tel Aviv Medical Center, where she
focuses on revolutionizing Israel's public healthcare capabilities
utilizing data and data science. Prior to joining the Tel
Aviv Medical Center, Ms. Arad
applied her unique combination of senior leadership, technology,
and operations experience as the first-ever female Colonel to hold
an operational technology role within the Israeli Defense Forces
Unit 8200, where she served as Head of the Cyber Department.
A highly decorated leader and officer, Ms. Arad was selected by
Global Business Magazine as one of the '50 Most Influential Women
of Israel' in 2022 and in 2021 was
awarded the Israel Defense Award. Earlier in her career, Ms.
Liat Nadai Arad served as a Board
Member and Vice President at modu as well as Vice President at
msystems, which was acquired by SanDisk Corp for $1.6B.
"Sally and Liat each bring incredible entrepreneurial energy,
operational perspective, and growth experience that will invigorate
our board room with insights, ideas, and opportunities," said
Gadi Mazor, BioCatch's CEO.
"Sallie's business acumen and creativity, as well as her time in
the trenches with some the world's leading financial brands, will
undoubtedly challenge our growth strategies while Liat's digital
transformation and cyber security expertise will drive us to expand
our innovation initiatives. It is gives me great pleasure to
welcome both Sallie and Liat to our Board of Directors."
Sallie Krawcheck and
Liat Nadai Arad join BioCatch in
parallel with the company's realization of $100M in annual recurring revenue, the
achievement of protecting more than 315 million banking
customer from fraud and financial crime globally, and the
accomplishment of EBITA profitability. Krawcheck and Arad are
joining Dewey Awad, Partner with the
Public Equity and Tech Opportunities businesses at Bain Capital,
Matthew Kinsella, Managing Director
at Maverick Ventures, Mitchel
Lenson, independent advisor and former Managing Director
with Deutsche Bank, Jay Mandelbaum,
Managing Partner with One South Advisors and formerly EVP at JP
Morgan Chase, and Gadi Mazor, the
company's CEO, as BioCatch board members.
"I try to be thoughtful in choosing the organizations that I
work with in today's fast-moving financial technology landscape,"
said Sallie Krawcheck. "For
me, a company's mission and its commitment to inclusion are as, if
not more, important than technology-fit and revenue growth.
BioCatch prioritizes all of these in its mission to protect banks
and their customers from digital fraud and financial crime.
I'm looking forward to working closely with Gadi, his team and my
fellow board members in BioCatch's mission to fight fraud and stop
the financial crimes that threaten consumers' personal security and
peace of mind."
"As a long time cyber security practitioner and executive it is
clear to me that we as humans may very well hold the key to our own
safety and security online," said Liat
Nadai Arad. "Our behavior is unique, no one of us is
the same, and the nuances in how we interact with technology makes
us one of a kind. BioCatch's data science in the area of
behavioral biometric intelligence is truly next-generational and
offers banks, and their customers, the power to improve online
identity authentication, strengthen transactional security, and
streamline their experience all by simply being themselves.
I'm excited to work with the BioCatch team as they embark on the
next phase of their journey."
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 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 150 of the largest 500 rely on
BioCatch Connect™ 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, 90 registered patents, and
unmatched expertise, BioCatch continues to lead innovation to
address future challenges. For more information, please visit