- Date 13 Sep 2021
Featurespace™ has been recognized for market leading AML innovation and client service as part of Aite-Novarica Group’s 2021 Fraud & AML Impact Innovation Awards.
• Featurespace’s “cutting edge analytics and data science, and commitment to clients” impressed the global advisory firm
• ARIC Risk Hub delivers explainable, adaptive and self-learning anomaly detection in real time
• Enhanced case management functionality enables intelligent queue management and more efficient suspicious activity reporting
“With advanced and explainable anomaly detection capabilities, Featurespace’s ARIC Risk Hub enables financial organizations to identify current and emerging financial crime risks and events automatically and in real-time.” said Aite-Novarica Group Research Director Chuck Subrt.
Critical to the win was ARIC Risk Hub’s ability to adapt to criminal activity and identify unknown risks, while also providing greater uplift for financial crime detection and enabling smarter investigations. In addition, Featurespace has introduced a new method of explainability to quantify the uncertainty in machine learning model outputs and identify the aspects driving the underlying decisioning.