Featurespace, NatWest partner for payments fraud and financial crime solutions

The software offers enterprise-wide transaction monitoring and payments fraud detection – including threats posed by Authorised Push Payments (APP) and scams. After selecting Featurespace in late 2019, NatWest completed an enterprise-wide deployment of ARIC Risk Hub in 2020 to detect anomalies and protect customers in real time by collating account-level data across all touch points, according to the official press release.

Powered by Adaptive Behavioural Analytics, ARIC Risk Hub is an enterprise financial crime prevention platform using fully adaptive machine learning models to protect customers. Individual behavioural activity is monitored in real time, allowing financial institutions to catch more fraud and prioritise alerts of suspicious activity with greater accuracy, while reducing the number of genuine transactions declined.

The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.

The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.

Categories

Payments

Fraud and Fincrime

Fintech

Crypto, Web3 and CBDC

Regulations

M&A and Investments

Current themes

A2A Payments

Payment Orchestration

TradFi and DeFi Convergence

KYC, KYB and Digital Identity