Raiffeisen Bank International, Feedzai bring ML to European banking to fight fraud

Wednesday 24 April 2019 00:32 CET | News

Raiffeisen Bank International (RBI) and Feedzai have partnered to offer security to RBI’s customers, due to real-time monitoring in the payment channels.

RBI’s Financial Crime Management teams will use Feedzai’s advanced machine learning products, including AutoML, automating feature engineering, and other parts of the data science loop for effectiveness as well as efficiency. It will also use Feedzai Genome, visual link analysis for finding illicit patterns with greater scope and accuracy.

As RBI and other EU banks strive to provide open banking solutions that meet strict security standards, Feedzai’s AI-based solution is the key to making that happen. The bank reported profit growth in its FY 2018 results, highlighting future growth plans driven by focusing on digitisation in all segments. Feedzai will be a partner in that evolution to a digital bank.

For more information about Feedzai, please check out a detailed profile of this company in our dedicated, industry-specific online company database.

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Keywords: Raiffeisen Bank International, partnership, Feedzai, fraud prevention, machine learning, Europe, banking, fraud, digital bank, accuracy, banking solutions, digitalisation, AI, security
Countries: World