Featurespace offers real-time machine learning solutions to prevent fraud and financial crime through the ARIC™ Risk Hub
HQ
United Kingdom
Founded
2008
Employees
367
Featurespace offers cutting-edge, real-time machine learning solutions to prevent fraud and financial crime through the ARIC™ Risk Hub. This innovative platform is designed to help financial institutions combat fraudulent activities and money laundering effectively.
Featurespace invented Adaptive Behavioral Analytics, a technology that mimics human intuition to profile and understand individual behavior over time. This approach enables the system to detect anomalies and identify risks as they occur, providing a robust layer of security for financial transactions.
The ARIC™ Risk Hub is the core product of Featurespace, utilizing advanced, explainable anomaly detection to enable financial institutions to automatically identify risk, catch new fraud attacks and identify suspicious activity in real time. The platform is deployed in over 180 countries and is used by more than 30 major global financial institutions, including HSBC, TSYS, Worldpay, and NatWest Group.
The ARIC™ Risk Hub offers several key features that make it a leader in fraud prevention. It provides a 75% reduction in false positive alerts and blocks 75% of fraud attacks as they occur with a 5;1 false positive ratio. Additionally, it catches 100% of Suspicion Activity Reports (SARs) from working top 5% of prioritized alerts. The platform is versatile and can be deployed on-premise or via fully hosted cloud solutions, making it accessible to a wide range of financial services institutions.
Featurespace is headquartered in Cambridge, United Kingdom. The company was founded in 2008 and has grown to employ 367 people.
Featurespace operates globally, with its solutions deployed in over 180 countries. The company adheres to strict compliance standards, ensuring that its products meet the regulatory requirements of the regions they serve. Featurespace’s commitment to compliance and innovation has made it a trusted partner for financial institutions worldwide.
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