Blog

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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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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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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Nuno Sebastiao Went to Money20/20 Asia and Said: “AI Is Not Enough”

Just a couple weeks after Feedzai launched an APAC office in Hong Kong, we went to Money20/20 Asia in Singapore, where our CEO and co-founder Nuno Sebastiao spoke on the main stage. “AI is not enough,” he said.

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How Machine Learning Can Fight New Fraud as Open Banking Reshapes Commerce

What do PSD2 and GDPR most have in common? A dedication to customer experience. The most impactful regulations of the last decades are introducing a resharpened focus on the customer, now that the Revised Payments Service Directive (PSD2) and the General Data Protection Regulation (GDPR) are reshaping how personal data is used and managed.

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How Credit Unions Can Use Their Own Big Data to Fight Fraud

Every time a new technology comes to town, credit unions like yours are promised transformation and ROI. After a few presentations and some great industry stats, you’re asked to spend a fortune. First you were asked to purchase new lending systems. Then CRM. Then mobile, then digital, then big data.

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