Alkami Customers Prevent Over $263 Million in Fraud with BioCatch

Alkami claims over $263 million in fraud prevented for clients in 2025 using BioCatch.

What the company is saying

Alkami Technology, Inc. is highlighting the effectiveness of its partnership with BioCatch by reporting that customers using BioCatch through the Alkami Digital Banking Platform prevented over $263 million in fraud during 2025. The announcement is timed with Cybersecurity Awareness Month to underscore the importance of robust digital security. The company emphasizes real-time behavioral analysis and risk scoring as differentiators, with each session assigned a risk score and thresholds set by individual institutions. Brad Cranford, director of product management at Alkami, frames the results as evidence that behavioral signals help financial institutions intervene before losses occur. Jay Whoriskey, vice president of global partners and alliances at BioCatch, positions the $263 million figure as proof of behavioral intelligence's value at scale. Customer case studies from Gate City Bank and Raiz Federal Credit Union are used to illustrate specific outcomes, with Gate City Bank reporting a 97% account takeover capture rate and $650,000 in deterred fraud loss over six months, and Raiz Federal Credit Union preventing over $286,000 in fraud in its first year. The messaging is confident, data-driven, and focused on realised results rather than projections.

What the data suggests

The data shows that Alkami customers using BioCatch prevented over $263 million in fraud in 2025, a substantial realised benefit for client institutions. Gate City Bank achieved a 97% account takeover capture rate and deterred $650,000 in fraud losses over six months, while Raiz Federal Credit Union prevented more than $286,000 in fraud in its first year with a layered security approach. BioCatch's technology is described as collecting over 3,000 anonymized data points per session, and as of the end of H1 2026, more than 370 financial institutions are using BioCatch, analyzing 19 billion user sessions per month and protecting over 760 million users on 1.8 billion devices. These figures indicate broad adoption and operational scale. The announcement does not disclose revenue, costs, or profitability for Alkami, so the financial impact on Alkami itself cannot be directly assessed. The evidence supports the operational effectiveness of the fraud prevention solution, but leaves the business model and margin implications unaddressed.

Analysis

The announcement is grounded in realised, time-stamped operational results, such as over $263 million in fraud prevented in 2025, a 97% account takeover capture rate at Gate City Bank, and more than $286,000 in fraud prevented at Raiz Federal Credit Union. All key claims are supported by specific, recent numerical data, and there are no forward-looking projections or aspirational statements inflating future expectations. The tone is positive but proportionate to the evidence, focusing on actual customer outcomes and adoption metrics. There is no mention of large capital outlays, long-term benefit timelines, or unsubstantiated growth claims. However, the absence of any profitability or margin data means the true_signal cannot exceed weak_positive, as investors cannot assess whether operational success translates into financial value. The language is factual and customer-centric, with no exaggerated or unsupported claims.

Risk flags

• ●The announcement does not disclose any financial metrics for Alkami itself, such as revenue, margins, or profitability from the BioCatch partnership. This omission makes it impossible to assess whether operational success in fraud prevention translates into financial value for shareholders.
• ●The fraud prevention figures are based on data provided by BioCatch and customer self-reporting, which may not be independently audited or standardized across institutions. This introduces potential variability in how 'fraud prevented' is calculated and reported.
• ●The announcement relies heavily on customer case studies and aggregate figures, but does not provide detail on customer churn, contract duration, or the sustainability of these results over time. Without this, the durability of the reported benefits is uncertain.

Bottom line

Alkami's update demonstrates that its partnership with BioCatch is delivering tangible fraud prevention outcomes for client institutions, with over $263 million in fraud stopped in 2025 and strong results at named customers like Gate City Bank and Raiz Federal Credit Union. The operational data is robust, showing broad adoption and scale, but the absence of revenue or profitability figures for Alkami means investors cannot gauge the direct financial benefit to the company. The results are credible as operational proof points, but the business impact remains opaque. Investors should recognize the value of realised fraud prevention for client retention and sales, while remaining cautious about the lack of financial transparency. The most important takeaway is that Alkami is proving its technology's effectiveness at scale, but further disclosure is needed to assess its impact on Alkami's bottom line.

Announcement summary

(NASDAQ:ALKT) Alkami Technology, Inc. announced that its customers using BioCatch through the Alkami Digital Banking Platform prevented over $263 million in fraud during 2025, according to data shared by BioCatch. The announcement coincides with Alkami's Cybersecurity Awareness Month, emphasizing the importance of robust security practices. BioCatch Account Takeover Protection analyzes behavioral, device, and session signals in real time to establish a baseline for legitimate activity and identify deviations that may indicate compromised accounts or takeover attempts. Brad Cranford, director, product management at Alkami, stated that the 2025 results demonstrate how behavioral and session signals help financial institutions detect account takeover risk earlier, allowing intervention before financial loss occurs. Each digital banking session is assigned a risk score, and financial institutions set their own thresholds based on their fraud tolerance. Jay Whoriskey, vice president of global partners and alliances at BioCatch, highlighted that preventing more than $263 million in fraud in a single year demonstrates the power of behavioral intelligence at scale. Gate City Bank, a customer of Alkami and BioCatch, reported a 97% account takeover capture rate and $650,000 in deterred fraud loss over the last six months. Raiz Federal Credit Union, another customer, prevented more than $286,000 in fraud in the first year using a layered security strategy that included BioCatch. BioCatch is available through the Alkami Alliance partner ecosystem and integrates with the Alkami Digital Banking Platform. BioCatch collects more than 3,000 anonymized data points per session, including keystroke and mouse activity, touch screen behavior, AI agent usage, and jailbroken devices, to assess user intent and signs of coercion or manipulation in real time. As of the end of H1 2026, more than 370 financial institutions deploy BioCatch solutions, analyzing 19 billion user sessions per month and protecting more than 760 million users on more than 1.8 billion devices worldwide from fraud and financial crime.

Disagree with this article?