BioCatch Expands Financial IT Expertise with the Appointment of Mitchel Lenson as an Independent Board Director

Lenson brings extensive experience in bank operations and information
technology

NEW YORK–(BUSINESS WIRE)–BioCatch,
the global leader in AI-driven behavioral biometrics, today announced
the appointment of Mitchel Lenson as an independent member of its Board
of Directors. Lenson becomes the company’s second independent director
after Jay Mandelbaum, who joined the Board last year. Based in London,
Lenson’s appointment underlines the increasingly global footprint of
BioCatch in the digital identity market.

Lenson has spent more than 30 years in the financial services industry.
He is the former Group Chief Information Officer of Deutsche Bank, where
he had responsibility for both IT and Operations for all operating
divisions of the bank: investment banking, the retail division, private
and wealth management and asset management. Lenson was a member of the
Executive Committee for both the Corporate and Investment Bank and the
Private Client and Asset Management Division.

He previously served as Managing Director, Global Head of Operations &
Operations IT at UBS Warburg and as Director, Group Operations at Credit
Suisse First Boston. After retiring from Deutsche Bank, Lenson became a
partner at Olivant & Co, a private equity firm focused on financial
services businesses in Europe, the Middle East and Asia-Pacific. Lenson
has also served as a non-executive director of NASDAQ and AIM listed
companies. He currently serves as a Non-Executive Director at Nationwide
Building Society and Currency Cloud.

“Mitchel brings to BioCatch broad experience in the application of
technology within the banking sector, our most important market,” said
Howard Edelstein, Chairman and CEO of BioCatch. “We look forward to
benefiting from the tremendous expertise that Mitchel has accumulated
over three decades in financial services and financial technology both
in the U.S. and abroad.”

Founded by experts in big data, machine learning and artificial
intelligence, BioCatch is redefining digital identity by focusing on
user behavior rather than static authentication methods such as
passwords, which are easily circumvented by today’s sophisticated
fraudsters. The BioCatch system continuously and invisibly monitors
online behavior across more than 2,000 parameters to protect financial
institutions, their clients and their assets from online fraud, without
impacting the user’s digital journey. BioCatch alerts clients whenever
potentially fraudulent behavior is detected, enhancing online security
while generating significant ROI.

“I am very excited to join the BioCatch board,” Lenson said. “I looked
all around the industry and came away convinced that BioCatch has the
most innovative solution to establishing digital identity. And I asked
myself: why wouldn’t any bank or financial institution of any
significance take advantage of it?”

About BioCatch

BioCatch is a digital identity company that delivers AI-driven
behavioral biometrics, analyzing human-device interactions to protect
users and data. Banks and other enterprises use BioCatch to
significantly reduce online fraud and better manage online identity
verification, without compromising the user experience. With an
unparalleled patent portfolio and deployments at major financial
institutions and global enterprises around the world that cover 90
million users to date, BioCatch has established itself as the industry
leader. For more information, please visit www.biocatch.com.

Contacts

Nicole Keller
[email protected]
212-754-5423

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