www.ceotodaymagazine.com 68 BUSINESS SHAPERS Howard Edelstein Chairman and CEO BioCatch You are probably best known as a pioneer and innovator within the FinTech industry. In fact, Global Custodian magazine even anointed you as one of the “Legends” of Fintech. How did you end up as CEO of a cybersecurity company? I’ve spent most of my career trying to apply the latest technology toward improving the financial system, whether at Thomson Financial, Omgeo or BT Global Financial Services. I’ve been maniacally focused on increasing efficiency, mitigating risk and solving problems by applying technology to finance. Today this is known as FinTech but back in the day it was “simply “a matter of automating and improving manual processes. I had a pretty successful career doing that and more recently I began to invest in FinTech-related companies, helping young entrepreneurs and sitting on their boards. I came across BioCatch in 2011 while looking for investments, met the founder and his small team, and they showed me some of the most interesting and compelling technology I had seen in the last quarter of a century. I got involved as an investor, a board member and an advocate, and helped them raise capital to become a scalable company. Eventually I was named Chairman and more recently CEO as well. Now we are working together to build a unique digital identity business that services financial institutions. So I am still essentially in the Fintech space. Howard Edelstein is the Chairman and CEO of BioCatch, a revolutionary digital identity company that uses Behavioral Biometrics to capture how users interact with their devices for identity proofing, authentication and fraud prevention. But what is this rapidly growing technology and how does it work? In this interview, Howard tells us about his arrival at BioCatch and the truly innovative technology that the company pioneered and the work that they do in protecting banks, their clients and their assets. BioCatch: Catching Fraudsters with Behavioral Biometrics www.biocatch.com
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