BioCatch Trust builds interbank network

BioCatch is trying to turn fraud detection from a bank by bank software sale into shared payment infrastructure. The important shift is that scams often span two institutions, the victim’s bank and the mule account’s bank, so a network that checks the receiving account before funds leave can catch patterns no single bank can see. That makes Trust look less like another analytics module and more like a risk utility that can sit in the payment flow itself.

• In Australia, five major banks joined the first live network and BioCatch says it can retrieve a beneficiary account profile in more than 70% of checked transactions before money moves. That is the core Visa style dynamic, more participating banks means more destination accounts covered, better hit rates, and a stronger product for every member.
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• The regulatory pull is real because UK APP fraud reimbursement rules took effect on October 7, 2024 and explicitly put responsibility on both the sending and receiving firms. That gives banks a direct reason to buy tools that score the receiving side of a transfer, not just the customer initiating it.
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• This is also how BioCatch can expand monetization beyond per bank behavioral biometrics. Its core product watches how a user types, swipes, hesitates, or appears to be on a scam call inside a bank app, but Trust adds a second layer, network access to shared risk signals on mule accounts, which supports premium pricing and platform like lock in.
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If BioCatch extends the Australian model into the UK and US, it can become part of how banks clear account to account payments safely, not just how they investigate fraud after the fact. The winning vendors in this market will be the ones that own shared data across institutions, because that is where scam prevention gets meaningfully better as the network grows.