- Date 13 Sep 2021
Featurespace™, the leading provider of Enterprise Crime Prevention software, has been crowned “Technology Provider of the Year” at the FStech Awards, which celebrate excellence and innovation in financial services across the U.K. and EMEA.
Featurespace’s ARIC™ Risk Hub, the world leading, machine learning platform that risk scores transactions in real time to stop fraud and detect money laundering, impressed judges with its unique approach of focusing on ‘good’ customer behavior to protect against fraud and financial crime, without compromising operations or customer experience.
By combining Featurespace’s proprietary Adaptive Behavioural Analytics with world-class anomaly detection, the ARIC Risk Hub continually updates and adapts against subtle behavioral changes over time, enabling businesses to outsmart risk, protect customers and increase revenue.
At the height of COVID-19 lockdowns, Featurespace’s technology continued to outperform seamlessly despite unprecedented changes in consumer behaviors, including a drastic decrease in Card Present (CP) transactions, and a significant rise in Card-Not-Present (CNP) transactions.