- Date 8 Oct 2021
Featurespace™, the global leader in Enterprise Crime Prevention software, has received the Next Generation Payments award for Payments Risk and Fraud Transformation from IDC in the 2021 FinTech Rankings. The award recognizes technology providers that enable a genuine and measurable change for financial institutions.
Featurespace won the Next Generation Payments award because of the performance of ARIC Risk Hub – its proprietary machine learning ecosystem – within a major U.K. financial institution. ARIC Risk Hub allows financial institutions to quickly analyze the entire payment journey and accurately predict customers’ genuine behavior, so suspicious behavior can be detected and acted on. Featurespace’s self-learning technology is so adaptable that it protects customers from fraud and scams, while also improving the customer experience.
“Our models are the best at enabling customers and partners to identify genuine fraud attacks and then block them, while also maximizing the number of genuine transactions that come through,” said Martina King, CEO of Featurespace. “Our team is ruthlessly committed to solving real world financial crime problems and it is a delight to receive further recognition for our continued care, rigor and innovation to stay ahead of the criminal.”