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 companys second independent director after Jay Mandelbaum, who joined the Board last year. Based in London, Lensons 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 users 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 wouldnt any bank or financial institution of any significance take advantage of it?
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.