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MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Security
aimbrain.com

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Founded Year

2015

Stage

Acquired | Acquired

Total Raised

$5.65M

About AimBrain

AimBrain is a Biometric Identity as-a-Service (BIDaaS) platform, featuring five proprietary biometric authentication modules that each use deep learning to improve accuracy with every interaction. Authentication happens in the cloud, so AimBrain authenticates the user, not a device, across any channel. Protect against fraud, reduce costs, improve the user experience and adhere to compliance standards with AimBrain.On February 11th, 2020, AimBrain was acquired by BioCatch. Terms of the transaction were not disclosed.

AimBrain Headquarter Location

Level 39 One Canada Square Canary Wharf

London, England, E14 5AB,

United Kingdom

Latest AimBrain News

BioCatch acquires AimBrain's multi-modal biometric authentication platform

Oct 16, 2020

BioCatch acquires AimBrain's multi-modal biometric authentication platform BioCatch  has purchased  AimBrain ’s multi-modal biometric authentication platform and will integrate it with its next-generation behavioral biometrics platform to strengthen its position in the digital identity market, the company announced. AimBrain’s solution leverages various fraud detection techniques, such as behavioral biometrics, anomaly detection and other biometric modalities, to enhance user experience and ensure compliance with KYC, AML, PSD2 and other regulatory requirements. The team behind AimBrain will join the BioCatch team to work together on the latter’s expansion plan. “The fraud detection and authentication industries are rapidly consolidating, and we believe that combining forces with the leading global behavioral biometrics player at this time makes tremendous sense, both for ourselves and our clients,” said in a statement AimBrain CEO Andrius Sutas. “Together, we will be able to pursue broader applications, particularly in the mobile arena which requires deep understanding of fraud behaviors and a way to allow legitimate users to transact unencumbered. We are very excited about the possibilities and to be joining the BioCatch team.” “This is a very exciting development for us,” said in a prepared statement Howard Edelstein, Chairman & CEO of BioCatch. “AimBrain’s people, technology and intellectual property will expand our capabilities considerably and help us extend our lead in the market as we aim to continue our rapid growth in 2020 and beyond.”

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Expert Collections containing AimBrain

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

AimBrain is included in 4 Expert Collections, including Regtech.

R

Regtech

1,342 items

Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements in FIs. Regulatory technology helps FIs and regulators address challenges ranging from traditional compliance and risk management to data reporting and transmission.

C

Cybersecurity

4,725 items

F

Fintech

19,054 items

Excludes US-based companies

D

Digital ID In Fintech

268 items

For this analysis, we looked at digital ID companies working in or with near-term potential to work in fintech applications. Startups here are enabling fintech companies to verify government documents, authenticate with biometrics, and combat fraudulent logins.

AimBrain Patents

AimBrain has filed 3 patents.

The 3 most popular patent topics include:

  • Authentication methods
  • Biometrics
  • Computer access control protocols
patents chart

Application Date

Grant Date

Title

Related Topics

Status

7/6/2017

7/6/2021

Authentication methods, Computer access control protocols, Federated identity, Computer network security, Biometrics

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7/6/2017

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7/6/2021

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Related Topics

Authentication methods, Computer access control protocols, Federated identity, Computer network security, Biometrics

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Status

Grant

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