Play Digital selects Featurespace to protect its payments platform against fraud

Tuesday 8 December 2020 11:11 CET | News

Play Digital, the fintech created by Santander, Galicia, and BBVA, has chosen Featurespace’s ARIC Risk Hub to protect its new payments platform MODO from fraud. 

This digital payment solution is endorsed by over 30 public, private, and cooperative banks, and as per The daily News, the platform is free to use and facilitates QR code payments and transfers between customers via smartphone, without requesting the bank identification number. 

ARIC Risk Hub is powered by Adaptive Behavioural Analytics, a Featurespace invention, and it is a fraud detection and financial crime prevention platform with fully adaptive ML models that deliver real-time transaction monitoring for fraud and financial crime. Via this, banks and payment providers are allowed to spot more fraud and suspicious activity as it happens, while also reducing the number of genuine transactions declined.

More: Link

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: Play Digital, Featurespace, payments fraud, product launch, Modo, banks, payments , ML, behavioural analytics
Categories: Fraud & Financial Crime
Countries: World
This article is part of category

Fraud & Financial Crime