Banks are embracing biometrics startups that offer new ways of ‘stopping bad actors at the front gate’ without needing passwords — here’s why experts say we’re ‘at a tipping point’

By Jeff Elder

A wave of new collaborations is deepening relationships between the conservative financial industry and an edgy sector of cybersecurity called behavioral biometrics, which identifies users by their gestures and actions rather than through passwords.

The trend reminds the CEO of the biometrics startup BioCatch, Howard Edelstein, of something the legendary outlaw Willie Sutton once said: Asked why he robbed banks, Sutton is said to have replied, “That’s where the money is.”

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