Feedzai Named a Startup to Watch in Big Data 50 Report
San Mateo, Calif. – August 26, 2014 – Feedzai, a data science company that uses real-time, machine-based learning to analyze big data to prevent fraud, today announced that it was named to the Big Data 50 report, put out by Sandstorm Media. Feedzai, which was founded by aerospace engineers and data scientists, analyzes big data in real-to detect patterns in behaviors and financial transactions to anticipate and detect fraud on any shopping channel earlier than other solutions in the marketplace.
“It is an honor to be a part of the Big Data 50 report,” says Nuno Sebastiao, chief executive officer of Feedzai. “Big data is driving businesses and the economy, and advances will continue over the next several years. Feedzai is staying ahead of the curve with these technological advancements, helping retailers and financial institutions fight fraud using big data.”
“The digital security status quo is far too reactive. As soon as security providers figure out how to stop one type of attack, the bad guys switch up their tactics, and we’re right back where we started,” said Jeff Vance, editor of Startup50.com and author of the Big Data 50. “I’ve been waiting for a startup to apply machine learning and data-driven insights to the security process, and Feedzai is doing just that. Finally.”
Feedzai Fraud Prevention That Learns™ technology fuses big data and machine learning to allow analysts to predict and prevent electronic payment loss in real time based on behavioral analysis and understanding of the way consumers behave when they make purchases, online, in-store or from mobile devices. The software uses big data, including mobile and social data streams, to create deep learning profiles for each customer, merchant, location or POS device, product, with up to a three-year history of data behind it. This data helps acquirers, issuers and retailers mitigate risk, guard every transaction and preserve the customer experience.
To learn more about Feedzai, visit www.feedzai.com
Feedzai is a data science company that uses real-time, machine-based learning to help payment providers, banks and retailers prevent fraud in omnichannel commerce. Feedzai is a global company, with US headquarters in San Mateo and is backed by SAP Ventures, big data investment firm Data Collective, and other international investors for a total of $4.3 million. Companies that rely on Feedzai include Coca-Cola, Logica, Vodafone, Ericsson, SIBs Payment Solutions, Horizon Wind Energy, and Servebase Credit Card Solutions.