The Feedzai Blog

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The New Threats Posed by the Emerging Fraud Ecosystem

    Merchant fraud used to be simple: Someone waiting in line at the return counter with a stolen item. Today, merchant fraud is part of a teeming, underground economy of coordinated financial crime. And unfortunately, merchant fraud is evolving faster than the security systems designed to stop it.

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    Musings from Money20/20 on Technology, Money, and The Future of Everything

      We were in Amsterdam last week at Money20/20 Europe, hosting the latest installment of the AI Deep Dive speaker series. Read on to see photos and video clips from the floor.

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      Nuno Sebastiao to CNBC: “There is a Need in This Space for a Fully Independent Company”

        Feedzai CEO Nuno Sebastiao spoke with CNBC from the floor of Money20/20 Asia this week, where he fielded questions about the state of machine learning for fraud, evolving criminal tactics, and Feedzai’s future.

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        At Banks, A Data Science Arms Race

          It is only in recent years that some banks have created data science teams, and these teams are growing at a rapid pace. In this new climate, banks are finding that the tools that make their data scientists happy are the same tools that will help them beat fraud.

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          Why Feedzai Exists: Fighting Fraud at Speed and Scale

            The economy’s gone digital. Open banking initiatives like PSD2 in Europe have been creating a competitive environment for banks, in which data has become the new currency. According to PwC, in 2015, the year of the PSD2 release, the UK saw more electronic payments than cash payments for the first time. And in 2018, the year PSD2 went into effect, 20% of online transactions are likely to be made with mobile devices.

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            Feedzai OpenML demo

            OpenML DEMO: WATCH US TRAIN A MODEL OUTSIDE FEEDZAI, AND BRING IT ON IN

              The OpenML Engine from Feedzai, launched just last week, represents the first-ever service that allows data scientists to bring their preferred approaches to a third party’s fraud-specific innovations. In this video, we show you how it works.

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              Man drawing diagrams on whiteboard

              MEET FEEDZAI’S OpenML ENGINE: “BRING YOUR OWN MACHINE LEARNING” TO FIGHT FRAUD

                The amount of progress being made in the machine learning and data science communities is staggering. As new algorithms, approaches and tools proliferate, and as banks hire more and more data scientists, it’s critical to be able to quickly adopt new methods that provide lifts in fighting fraud. So it’s a growing problem that fraud-fighting systems make it impossible to integrate your preferred modeling approaches and algorithms.

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                “Fraudsters Just Look Different” And Other Trends From Our Quarterly Report

                  We’ve launched our Q1 Fraud Trends Report, revealing original insights from Feedzai Research that show fraudsters are attacking in methods that are faster and faster – and continuously new. The time horizon for responding to new fraud is shrinking. That’s why we’re calling the report: The Future is Now.

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