Featurespace accelerates PSD2 compliance for banks in Europe

Thursday 29 August 2019 00:23 CET | News

Featurespace has developed a PSD2-ready fraud solution that can be deployed by banks to protect their customers and be in immediate compliance with new and pending regulations.

Featurespaces real-time machine learning ARIC platform is now equipped with predefined PSD2-specific data feeds and configurations – including rules and adaptive behavioral analytics – and can be enterprise-ready within three months.

The ARIC platform understands individual behaviors in real-time to detect consumer anomalies and automatically decide which transactions to escalate to Strong Customer Authentication. Using industry proven Adaptive Behavioral Analytics invented by Featurespace, ARIC enables banks to optimize for the highest fraud prevention rates, while simultaneously reducing false positives.

Headquartered in the UK and US, Featurespace offres fraud prevention solutions and is the creator of the ARIC platform, a real-time AI machine learning software that risk scores events in more than 180 countries.

For more information about this company, please check out a detailed profile in our web fraud & e-identity company database.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Featurespace, PSD2, compliance, banks, Europe, machine learning, fraud
Countries: World

Industry Events