Visa Inc. struck a deal to buy BioCatch, which uses artificial intelligence to detect fraud, for $2.4 billion in cash.
The company is purchasing BioCatch from funds advised by Permira and other shareholders, and the transaction is expected to close in the fiscal second quarter of 2027, according to a statement Monday. BioCatch works with more than 350 banking clients across the world. Bloomberg’s Diksha Gera joins to discuss.
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