Featurespace s Enterprise Risk Hub Recognised as a Strong Performer in Analyst Report - Press Release wiredprnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wiredprnews.com Daily Mail and Mail on Sunday newspapers.
The award was announced during The Card Payments Awards digital ceremony on April 29, 2021.
Featurespace s ARIC Risk Hub safeguards payments across NatWest s commercial and consumer divisions from all known fraud types, as well as new scams and attacks.
Featurespace s ARIC technology achieves this by risk scoring every event within its authorization stream and predicting individual customer behaviors.
Since deploying the ARIC Risk Hub, NatWest has achieved:
A substantial improvement in value of fraud detected
An exponential increase in scam value detection rate
Greater overall customer satisfaction
A higher Net Promoter Score (NPS) We selected Featurespace as a strategic partner as the team and their technology gave us the best understanding of NatWest s requirements to protect our customers from the harm of fraud. This award win is testament to Featurespace s excellence in this area,
Featurespace, the leading provider of Enterprise Crime Prevention software, has received the Queen's Award for Enterprise: International Trade. This is the second time the company has received a Queen's
Featurespace Launches Automated Deep Behavioral Networks
Friday, February 26, 2021 11:54AM IST (6:24AM GMT)
World leader in Enterprise Financial Crime prevention introduces a deeper layer of defense for card and payments
Singapore & London, United Kingdom & Atlanta, United States:
Today, Featurespace introduces Automated Deep Behavioral Networks for the card and payments industry, providing a deeper layer of defense to protect consumers from scams, account takeover, card and payments fraud, which cost an estimated $42 billion in 2020.
The significance of this development goes beyond the scope of addressing enterprise financial crime. It s truly the next generation of machine learning, said Dave Excell, founder of Featurespace.
Play Digital Selects Featurespace to Defend Against Payments Fraud on Newly Launched Platform
Play Digital Selects Featurespace to Defend Against Payments Fraud on Newly Launched Platform Featurespace„¢, the leading provider of Enterprise Financial Crime prevention software, announced that Play Digital, the new fintech created by Santander, Galicia and BBVA, has chosen its ARIC„¢ Risk Hub to protect its new payments platform MODO from fraud. This is a new digital payment solution endorsed by more than 30 public, private and cooperative banks that marks an unprecedented milestone in Argentina. The platform is free to use and facilitates QR code payments and transfers between customers via smartphone, without requesting the bank identification number. Following a thorough evaluation of fraud solutions, MODO selected the ARIC Risk Hub for its fraud detection and prevention capabilities and flexibility, as well as Featurespace’s reputation, references and responsiveness.