Feedzai named a Leader in IDC MarketScape for Responsible Artificial Intelligence in financial crime management

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Feedzai, the world’s first RiskOps platform for financial risk management, announced that it has been named as a leader in the IDC MarketScape: Worldwide Responsible AI for Integrated Financial Crime Management Platforms 2022 Vendor Assessment. ( doc #US47457622, July 2022.)

The IDC MarketScape evaluated the vendors on fairness, explainability, robustness, lineage and transparency – the five foundational elements of responsible Artificial Intelligence (AI), or the framework that builds trust within AI solutions. According to the report, “Feedzai has been at the forefront of responsible machine learning for financial crimes management identification and detection for a few years now and has implemented some of the most widely used open source frameworks and tools for flexibility in ML creation. Organizations appreciate its ability to improve and accelerate development and deployment of those models into a wide variety of environments.”


Feedzai's Financial Crime Report: Where Is Consumer Fraud Worst? And How Can You Avoid It?

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Florida ranks as the No. 1 state for financial fraud perpetrated on consumers, and Miami stands as the No. 1 tourist city for fraud, according to a study from Feedzai, a financial risk management firm.

In particular, Florida heads the list for in-store debit-card fraud, the report said.

“The number of in-store card transactions showed no significant change [from 2019 to 2021], making the massive spike in card-present fraud attacks particularly noteworthy,” the study said.


Feedzai grew +40% in the last year and strengthened the global team

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Feedzai, the leading RiskOps platform, announces that it ended its fiscal year with +40% year-over-year growth in exit annual recurring revenue (ARR). With a total of 24 tier one new logos across the globe, the company also recorded no churn on core customers. Additionally, extended contracts were signed with key clients like Citi Bank in North America, Lloyds Banking Group in EMEA, Picpay in LATAM, and Cuscal in APAC.

Last year the company received a $200 million Series D investment that gave it “unicorn company” status and allowed it to acquire Revelock, a leading behavioral and biometrics platform, later in the year. But it was also the year in which the company defined RiskOps as a new approach to risk management. RiskOps meets key industry challenges to seamlessly solve for Identity, Real-Time data, and collaboration across the customer lifecycle, increase productivity and enable financial services companies to deliver better outcomes for their customers.


Working from Home: The Feedzai example

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Working from Home:
The Feedzai example

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Feedzai is a born global company and the concern for the well-being of all our people has always been a priority to us. And it’s because of this that our continuous effort and commitment that we will continue to create the best possible working conditions for all our people.


Feedzai Financial Crime Report: 23% Increase in Online Fraud

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Feedzai Financial Crime Report: 23% Increase in Online Fraud

Check out the full interview with Andy Renshaw, SVP of Product Management


Feedzai acquires Revelock, the world's most advanced biometric platform

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Feedzai acquires Revelock, the world's most advanced biometric platform

Hear the full interview with Andy Renshaw, SVP of Product Management