Alkami and BioCatch Report $263 Million Saved from Fraud in 2025

The reported figures pertain to institutions accessing BioCatch via the Alkami Digital Banking Platform, which assesses behavioral patterns, device information, and session activity in real time to detect potential account takeovers. By establishing a baseline of normal user behavior, the technology can identify unusual navigation or transaction patterns indicative of compromised accounts.

During each online banking session, a risk score is generated, which financial institutions can use to decide their response. Banks and credit unions can customize these thresholds based on their risk appetite and security needs, allowing tailored fraud prevention measures.

Specific results from two Alkami clients illustrate the technology’s effectiveness. Gate City Bank reported detecting 97% of attempted account takeovers, successfully preventing $650,000 in fraud losses over a six-month period. Similarly, Raiz Federal Credit Union prevented over $286,000 in fraudulent activities in its first year using BioCatch in conjunction with other security measures.

Alkami offers digital sales and service software for U.S. banks and credit unions, combining features for customer onboarding, digital banking, and marketing. Its products may function independently or as an integrated platform designed to help financial institutions enhance customer acquisition and engagement.

BioCatch specializes in behavioral biometrics and fraud prevention through the analysis of human interactions to identify suspicious activity. The technology gathers more than 3,000 anonymized data points, including keystrokes, mouse movements, and indicators of jailbroken devices. Its artificial intelligence and machine learning algorithms utilize this data to gauge user intent and detect signs of coercion or manipulation.

By mid-2026, over 370 financial institutions were leveraging BioCatch, analyzing 19 billion sessions monthly and protecting over 760 million users across 1.8 billion devices worldwide. BioCatch is accessible via the Alkami Alliance partner program, integrating seamlessly with the Alkami Digital Banking Platform.

These findings were emphasized during Cybersecurity Awareness Month, a critical time as financial institutions confront ongoing threats from stolen login credentials and customer manipulation. Alkami’s director of product management, Brad Cranford, noted that BioCatch adds an additional layer of defense against suspicious activities without complicating customer interactions. He emphasized that the results show the importance of behavioral and session signals in detecting risks earlier to prevent financial losses and maintain customer relationships.

Jay Whoriskey, BioCatch's vice president of global partners and alliances, stated that the essence of effective fraud prevention lies in recognizing risks early. Together, BioCatch and Alkami provide banks and credit unions with continuous insight into user intent during digital transactions, enabling timely intervention against account takeover attempts. The prevention of over $263 million in fraud within a single year exemplifies the extensive impact of behavioral intelligence in fraud mitigation.

The results from this collaboration highlight the growing importance of behavioral analytics in digital banking security, aiding institutions in identifying suspicious activity sooner while minimizing unnecessary friction for legitimate customers as the landscape of account takeover methods evolves.