Free Newsletter Get the hottest Fintech Singapore News once a month in your InboxVisa has struck a US$2.4 billion deal to acquire behavioural fraud intelligence provider BioCatch. The payments company will buy BioCatch from funds advised by Permira and other shareholders under a definitive agreement. Its technology helps detect account takeovers, scams, money mule activity and application fraud. “Account takeovers and scams cost the global economy over $1 trillion annually and AI is enabling these attacks at unprecedented scale. Visa has invested more than US$13 billion in technology and infrastructure over the past five years.