January 27, 2016

Feedzai Hires Fraud Prevention Industry Veteran To Expand Its Machine Learning Solution In Europe

San Mateo, Calif. – Jan. 27, 2016 – Feedzai, a data science company that uses real-time, machine-based learning to analyze big data and minimize risk in the financial industry, announces the addition of Richard Harris to its leadership team. Harris will take on the role of head of international operations from the company’s London office.

In his new role at Feedzai, Harris will lead sales and international operations teams. He’s tasked with the business’ international expansion by building on the company’s growth of the large scale, real-time decisioning needed to address the petabytes of data the world produces every day. An experienced veteran from multiple relevant financial organizations across the globe, Harris spent six years as the head of sales for Experian Payments, where he focused on expanding the company’s ecommerce, payments, and identity specialties. He was also general manager for the fraud prevention division of American Express, growing a new business to process hundreds of millions of transactions in just three years. Harris also spent several years as the head of ecommerce for Visa Inc., covering Central Europe, Middle East and Africa, where he oversaw the opening of ecommerce markets to mass market card payments in Russia and the Middle East. While there, he worked with hundreds of banks to deploy 3D secure authentication and additional fraud prevention measures.

“When I saw the technology behind Feedzai, it was evident that nothing like this exists in the market” said Harris. “I joined Feedzai because their omnichannel experience and real-time decisioning solution – combining human intelligence with machine learning – is a gamechanger for the industry. I look forward to working alongside their smart, innovative and forward-thinking team.”

“In his decades of work specializing in financial services, payments and risk, Richard has seen under the hood of nearly all the fraud prevention options,” said Nuno Sebastiao, CEO of Feedzai. “It’s very clear that Richard see Feedzai’s solution as groundbreaking, fast moving and evolving in the right direction. I’m excited that he is helping Feedzai set a new standard in the enterprise fraud management space.”

To learn more about Feedzai, visit www.feedzai.com.

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About Feedzai

Every day, the world produces petabytes of data, and Feedzai enables businesses to accurately analyze this information to keep their customers’ data and transactions safe at any place in real-time. Customers use Feedzai’s Fraud Prevention That Learns™ software to reduce risks associated with banking and shopping, whether it’s in person, online or via mobile devices, by detecting fraud through deep historical and behavioral analysis of the organization’s data. Feedzai’s customers, consisting of payment networks, processors, banks, and retailers have found that Feedzai’s machine learning software detects fraud by as much as 10 days earlier than other solutions and exposes up to 60 percent more fraud cases with lower false alarms, which can save millions of dollars in fraud loss. Feedzai is a global company with US headquarters in San Mateo, and is backed by OAK HC/FT, Sapphire Ventures, Data Collective and other international investors. For additional information, visit https://feedzai.com.

Press Contact:

Stephanie Cooley
Dotted Line Communications on behalf of Feedzai
[email protected]