Archives Press Releases

• The Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis & ranking of the leading vendors.
• Feedzai, with its comprehensive technology and customer experience management, has received strong ratings across the parameters of technology excellence and customer impact.

April 12, 2023: Quadrant Knowledge Solutions announced today that it has named Feedzai as a 2023 technology leader in the SPARK Matrix: Anti-Money Laundering, 2023

The Quadrant Knowledge Solutions’ SPARK Matrix™ includes a detailed analysis of global market dynamics, major trends, vendor landscape, and competitive positioning. The study provides competitive analysis and ranking of the leading technology vendors in the form of its SPARK MatrixTM. The study offers strategic information for users to evaluate different provider capabilities, competitive differentiation, and market position.

According to Vaishali Moitra, Analyst at Quadrant Knowledge Solutions, “Feedzai’s AML solution’s differentiators include granular profiling, visual link analysis and alert optimization.. It enables FI’s to enhance productivity through the visual link, analysis tools, Whitebox Explanation, and integrated reporting.” With its comprehensive functional capabilities, strong customer value proposition, and compelling ratings across customer impact and technology excellence parameters, Feedzai has been recognized as a leader in the 2023 SPARK MatrixTM: Anti-Money Laundering” adds Vaishali.

Pedro Barata, Chief Product Officer at Feedzai explained that Feedzai’s unique RiskOps approach helps institutions tackle the challenges they may have historically faced with legacy AML programs.  “At Feedzai we combine machine learning and automation to create a more holistic view of the risk landscape and a stronger way of detecting financial crime. Many legacy programs in this space typically operate with isolated and disjointed systems, resulting in a fragmented  view of risk”

Over the past year, Feedzai’s AML suite has enabled customers to monitor multiple territories with exceptional precision, achieving a high-priority alert accuracy rate of over 90%.

“Our investment in R&D, our knowledge of this space and our approach to innovation, such as the use of machine learning for alert ranking/prioritization as well as pioneering ways of creating unbiased and transparent AI, has helped provide financial organizations with a single partner to tackle all their financial crime needs and we are honored to have been selected as a leader in the field”

Feedzai is focused on enhancing its single financial crime platform and addressing challenges dealing with changing global regulations and the introduction of new payment types such as crypto and its deployment in various countries

Fintech vendors are embracing anti-money laundering solutions to detect and mitigate conventional and digital money laundering activities. Leading vendors are adopting cloud-based and web-based AML solutions, Behavior Analytics models, identity resolution in KYC, risk management, smart authentication, real-time payment, and transaction screening. Organizations are considerably more comfortable than before utilizing hybrid (rules and AI/ML-based) risk assessment systems to enhance the customer experience and decrease false positives. Thus, Advanced AML solutions, which can cover the entire customer cycle and optimize the orchestration of work by merging cutting-edge technology with the organization’s processes, can curtail and prevent the persistent recurrence of cyber threats, frauds, and dangers.

About Feedzai

Feedzai is the world’s first RiskOps platform, protecting people and payments with a comprehensive suite of AI-based solutions designed to stop fraud and financial crime. Feedzai is trusted by leading financial institutions to manage critical risk and compliance processes, safeguarding trillions of dollars of transactions while improving the customer experience and protecting the privacy of everyday users. For more information, visit feedzai.com.

About Quadrant Knowledge Solutions

Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients in achieving business transformation goals with Strategic Business and Growth advisory services. At Quadrant Knowledge Solutions, our vision is to become an integral part of our client’s business as a strategic knowledge partner. Our research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments.
For more available research, please visit https://quadrant-solutions.com/market-research/ 

Media Contacts:

Roopa Ramaiya, VP of Communications, Feedzai
[email protected]

Riya Mehar, Quadrant Knowledge Solutions
[email protected]

Feedzai, the market leader in fighting financial crime with AI, has partnered with UK Finance, the trade association for the UK’s banking and financial services sector, to deliver its Annual Fraud Report.

UK Finance has chosen Feedzai as the lead sponsor and contributor for the next edition of its Annual Fraud Report. The report highlights the key themes, opportunities and challenges for the UK’s banking and finance industry in its continued efforts to protect customers from fraud and is a valuable resource for industry professionals, regulators, and policymakers.

Combining aggregated data supplied to UK Finance by some of its largest banking and financial services members with its industry knowledge, Feedzai will use its analysis to derive insight into the number of cases and the value of fraud losses in the UK. It will also complement UK Finance’s long standing industry engagement, with additional analysis and commentary on potential trends as to the prevalence of specific types of scams committed over the period. The report will be published by UK Finance, in partnership with Feedzai, later this year.

Commenting on the partnership, Pedro Barata, Chief Product Officer, at Feedzai said:

“We are delighted to have been chosen by UK Finance as their trusted partner in delivering this year’s edition of the Annual Fraud Report. The report represents a vital point of reference for all professionals working to prevent financial crime across the UK and is an important benchmark in tracking the progress of this endeavor. Being a part of this important research will help to build a clearer picture of how all parties can best work together to address financial crime across the UK.”

Lee Hopley, Director, Economic Insight and Research at UK Finance, added:

“We are excited to be working with Feedzai on the upcoming edition of our Annual Fraud Report, their expertise in this field make them the perfect partner to deliver additional insight and analysis that makes the report a valuable resource for the industry. The quality of data combined with key insights shared by those experienced in this area makes our Annual Fraud Report  a key marker in evaluating the ongoing fight against financial crime.”

Feedzai will also be involved in UK Finance’s flagship conference, Economic Crime Congress 2023, taking place on Thursday 30 March 2023 at The Brewery, London. The event brings together professionals from across the entire community of those working in financial crime to discuss the most pressing issues affecting anti-money laundering, financial sanctions, fraud protection and data sharing.

Daniel Holmes, Feedzai’s expert in Fraud Prevention, will join a line-up of key industry experts at the conference to lead a panel discussion on ‘The role of the wider ecosystem: Collaborating to tackle fraud’. The session will focus on looking outside of the financial services sector at other key areas and players within the wider finance and technology industries and explore how all parties can best collaborate on various initiatives towards the united goal of reducing the threat of economic crime.

About Feedzai
Feedzai is the world’s first RiskOps platform, protecting people and payments with a comprehensive suite of AI-based solutions designed to stop fraud and financial crime. Feedzai is trusted by leading financial institutions to manage critical risk and compliance processes, safeguarding trillions of dollars of transactions while improving the customer experience and protecting the privacy of everyday users. For more information, visit feedzai.com.

Media Contacts
Roopa Ramaiya, VP of Communications, Feedzai
[email protected]

SAN MATEO,Calif and LONDON, UK: Wednesday 1st March, Feedzai, the market leader in fighting financial crime with AI, has joined the Global Anti Scam Alliance (GASA) – a not-for-profit organisation whose goal is to protect consumers across the world from scams – as a corporate member.

GASA brings together governments, law enforcement, consumer protection organisations, financial authorities and commercial organisations to share insights on scams and define concrete solutions to turn the tide on scams.

By joining the alliance, Feedzai will bring its expertise and knowledge in fighting financial crime with AI, providing invaluable insight to strengthen GASA’s networks and working groups.

More than $55 billion was lost by consumers last year in cybercrime, while the number of scams reported to law enforcement grew to nearly 300 million. However, due to the fact that scammers work globally, and law enforcement operate locally and regionally, less than 1% of all cybercriminals are prosecuted.

GASA’s mission is the change that by bringing key stakeholders together and facilitating the sharing of key data, knowledge, lessons learned, intelligence and evidence-based research so they can:

• Educate the public about the different types of scams, how to recognise them, and how to protect themselves from falling victim.
• Understand the nature and scope of scams, and to develop effective solutions to combat them.
• Discuss the results of existing policies and the development of new legislation to protect citizens against scams.

Daniel Holmes, Fraud Prevention SME, Feedzai said:
“We have developed a market-leading  RiskOps platform powered by AI and machine learning, so have unique insight and unrivalled knowledge in both identifying and preventing scams. We are proud to partner with GASA so we can share the knowledge and insight we have to support its mission to protect consumers across the globe from fraud.

“As a GASA corporate member we will work with organisations globally to tackle scams – sharing insights and best practice and will be regular contributors to working groups. We will then look to share the information with our customers to help improve their own anti-fraud programmes.”

Jorij Abraham, Managing Director, GASA said:
“By bringing together key stakeholders in the fight against cybercrime, we are able to facilitate the sharing of knowledge, data, tools, research, policy and legislations across jurisdictions for a joined-up approach to scam prevention.

“We are very happy that Feedzai is joining GASA as Corporate Member. Feedzai’s know-how and data on fighting financial crime using AI will strengthen GASA’s knowledge sharing network. Helping all participants to protect consumers worldwide more from online fraud and scams.”

About Feedzai
Feedzai is the world’s first RiskOps platform, protecting people and payments with a comprehensive suite of AI-based solutions designed to stop fraud and financial crime. Feedzai is trusted by leading financial institutions to manage critical risk and compliance processes, safeguarding trillions of dollars of transactions while improving the customer experience and protecting the privacy of everyday users. For more information, visit feedzai.com.

Media Contacts
Feedzai, Roopa Ramaiya:
[email protected]

• The Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis & ranking of the leading vendors.  

• Feedzai, with its comprehensive technology and customer experience management, has received strong ratings across the parameters of technology excellence and customer impact.

Dec 8, 2022: Quadrant Knowledge Solutions announced today that it has named Feedzai, the world’s first RiskOps platform for financial risk management, as a 2022 technology leader in the SPARK Matrix: Behavioral Biometrics, 2022.

Quadrant Knowledge Solutions defines Behavioral Biometrics as “technology that passively and continuously monitors, analyzes, and authenticates users based on their digital and cognitive behavior, such as typing cadence, keystroke pressure, mouse activity, tremors, and touchscreen interactions.” Behavioral Biometrics leverages advanced analytics and machine learning to access a user’s behavioral data from multiple channels to build a risk profile which enables security and risk professionals to identify and intercept anomalous behavior in real-time.”

Nehan Jain, Analyst at Quadrant Knowledge Solutions commented “Feedzai’s Digital Trust solution offers robust Behavioral Biometrics capabilities across the entire fraud risk lifecycle. The company stands out in the global Behavioral Biometrics market owing to its solution’s differentiated offerings, such as behavioral analytics based on AI/ML models, insights from real-time fraud signals enhancing fraud detection techniques, and active defense technique which helps with both detection and remediation of fraud attacks.” With its comprehensive functional capabilities, strong customer value proposition, and compelling ratings across customer impact and technology excellence parameters, Feedzai has been recognized as a leader in the 2022 SPARK Matrix™: Behavioral Biometrics.”

Pedro Barata, Chief Product Officer, at Feedzai added: “We are honored to be named 2022 technology leader by Quadrant Knowledge Solutions. This recognition proves that Feedzai is at the forefront of innovation when it comes to protecting the world’s largest financial institutions and their consumers: with the acquisition of Revelock and native integration with our RiskOps Platform, we were able to add behavioral biometrics to our product and predict the future applicability for this technology in things like scams which are one of the biggest trends of the moment in our sector.

“To have Feedzai’s Digital Trust platform – that helps financial institutions fight malwares, impersonation, and network manipulation attacks – being recognised as a top performer  in the behavioral biometrics market is a fantastic achievement, and testament to the hard work of the whole Feedzai team. We are committed to developing technology fit for the future as we continue in our mission to combat financial crime.”

The Quadrant Knowledge Solutions’ SPARK Matrix™ includes a detailed analysis of global market dynamics, major trends, vendor landscape, and competitive positioning. The study provides competitive analysis and ranking of the leading technology vendors in the form of its SPARK Matrix™. The study offers strategic information for users to evaluate different provider capabilities, competitive differentiation, and market position.

Financial institutions  have incorporated Behavioral Biometrics technology into their workflows to enable continuous verification and authentication of a user’s identity throughout the session and not just at the entry login point. This incorporation was driven by the rise of sophisticated fraud attacks and the inefficiencies of physical biometrics. While the technology is still in an emerging state, it provides a wide range of advanced functionalities for multiple use cases supporting account takeover protection, account origination fraud, social engineering scams, proactive mule detection, protection against malware infections and RAT attacks, device & network anomalies, and digital payment monitoring through continued innovation and investments by leading vendors.

Additional Resources:

• For more information about Feedzai visit here.

• SPARK Matrix: Behavioral Biometrics, 2022.

About Feedzai:
Feedzai is the world’s first RiskOps platform, protecting people and payments with a comprehensive suite of AI-based solutions designed to stop fraud and financial crime. Feedzai is trusted by leading financial institutions to manage critical risk and compliance processes, safeguarding trillions of dollars of transactions while improving the customer experience and protecting the privacy of everyday users. For more information, visit feedzai.com.

About Quadrant Knowledge Solutions:
Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients in achieving business transformation goals with Strategic Business and Growth advisory services. At Quadrant Knowledge Solutions, our vision is to become an integral part of our client’s business as a strategic knowledge partner. Our research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments. For more available research, please visit https://quadrant-solutions.com/market-research/ 

Media Contacts:

Feedzai:
[email protected]

Quadrant Knowledge Solutions, Riya Mehar:
[email protected]

• AML professionals cite money mule schemes as the tactic most commonly used by money launderers, followed by multi-customer cross-wallet activity.
• Using crypto exchanges to clean dirty cash is the third most common money laundering scheme, but just 26% of AML professionals say their firms evaluate crypto risk  
• Data sharing between AML and fraud teams helps spot money laundering mules but one in five firms don’t collaborate internally  
• Most AML professionals think a RiskOps approach bolsters AML efforts, yet most are not prioritising it as a top compliance goal 

San Mateo, Calif., London, United Kingdom & Lisbon, Portugal – November 1, 2022 – Money mule schemes, multi-customer cross-wallet activity and the use of crypto exchanges are the most common money laundering techniques, yet most firms are failing to make use of available technology to mitigate the threat, according to the latest research from Feedzai, the world’s first RiskOps platform for financial risk management.

The State of Global Anti Money Laundering Compliance Report surveyed 636 Anti-Money Laundering (AML) compliance experts, representing 77 companies around the world, most of them from the financial services industry, and overall 74% of respondents cited money mule schemes – both unwitting (44%) and witting (30%) – as the most common money laundering threats.

Furthermore, 56% said that multi-customer, cross-wallet payment activity – a favored tactic of money launderers as it enables them to move funds between different accounts to avoid detection – is the second most common money laundering typology.

The research also found that the crypto market is increasingly being targeted by money launderers; more than half (51%) of the AML professionals surveyed said the use of crypto and other non-compliant exchanges is the most common money laundering threat, while 19% cited crypto ATMs.

When asked what they believe the biggest challenges to their AML programs will be over the next two years, the top answers were ever-changing AML regulations (17%) – specifically around emerging markets and multi-customer, cross wallet activity – and crypto/blockchain (16%), followed by product implementation (7%).

However, despite citing crypto abuse as one of the biggest AML threats and one of the most significant challenges, just 26% of firms currently monitor crypto risks. Furthermore, AML professionals also believe data sharing bolsters AML efforts, but 19% admit their AML and fraud teams do not share data – even though a RiskOps approach helps identify money laundering sooner – and 15% ‘don’t know if they do.

Feedzai’s research found that most respondents believe a collaborative approach to data is vital in the fight against money laundering; 61% said automated collation of data from multiple vendors will be a top AML/KYC (Know Your Customer) trend over the next five years, while half (50%) said using a RiskOps approach for data sharing between FIs will bolster anti-money laundering efforts.

However, when asked what their main goals were for 2022, just 29% said creating a single customer view and less than a quarter (23%) said increasing data sharing between company departments. The top three priorities were achieving Perpetual Know Your Customer (pKYC) (54%), reducing false positives (54%) and accelerating AML investigations (45%).

Nick Parfitt, Principal, AML SME, at Feedzai said: “Money laundering threats are constantly evolving. Our data shows that multi-customer, cross-wallet payment activity to move funds between different accounts, and the use of crypto exchanges are the top money laundering tactics, and that doing more to address these challenges are all top concerns for AML compliance teams.

“Yet, most respondents named implementing pKYC and reducing false positives as their main goals for 2022, revealing there is still some misalignment on how to address AML going forward.”

“AML compliance professionals often feel like they are constantly catching up to address the latest financial crime patterns, frequently using yesterday’s technology and tools to address tomorrow’s money laundering challenges.”

“Taking a RiskOps approach provides a path forward to make better use of data, do more to address the threat of cryptocurrency and enable AML teams to demonstrate their effectiveness and root out money mule activities.”

Multi-Customer Cross Wallet Activity:

Multi-customer cross wallet refers to a customer’s ability to have several wallets such as Google wallet, Apple wallet, virtual crypto and anonymity with those wallets. They have multiple wallets with different institutions and there isn’t any transparency.

About Feedzai:
Feedzai is the world’s first RiskOps platform, protecting people and payments with a comprehensive suite of AI-based solutions designed to stop fraud and financial crime. Feedzai is trusted by leading financial institutions to manage critical risk and compliance processes, safeguarding trillions of dollars of transactions while improving the customer experience and protecting the privacy of everyday users. For more information, visit feedzai.com.

Media Contacts
Feedzai [email protected]

All employees will be allowed 1 paid-day off per month without having to request annual leave

San Mateo, Calif. & Lisbon, Portugal – October 10, 2022 –  On World Mental Health Day, Feedzai, the world’s first RiskOps platform for financial risk management, announces the implementation of its new mental health and menstruation leave benefit, allowing all employees one (1) day off, per month and without a salary impact, for self-care when experiencing physical, mental health, menstruation, or menopause related symptoms.

Under the new employee benefit, those who need it will not need to provide a medical certificate or doctor’s note, nor do they need to specify the reason they are taking the leave. Any requests for the Mental Health / Menstruation Leave employee benefit will be granted upon receipt.

“At Feedzai, we want to foster a more inclusive and safe working environment, ensuring we meet our employees’ needs and give them the conditions they need to thrive and be successful. We are implementing this new leave benefit because we recognize that some of our employees may be suffering from symptoms related to either their mental health, PMS, menstruation, or menopause that can impact their ability to work,” said Dalia Turner, VP of People at Feedzai. “We also know that mental health and menstruation can be uncomfortable to talk about or even taboo in the workplace, and it is important to raise awareness of these topics and ensure that our employees know that we will support them should it be needed. In conjunction with this benefit, we are training our managers, and providing them with the information they need to better support their teams. By implementing this benefit, we want to start the conversation, to remove the stigma and ensure our employees know that these topics are nothing to be ashamed of.”

The impact of conditions affecting mental health, menstruation,  or menopause symptoms

According to Harvard Business Review, half of Millennials and 75% of Gen Zers had left roles in the past for mental health reasons, both voluntarily and involuntarily, compared with 34% of respondents overall.

Whilst, between 15-25% of people with periods endure from moderate to severe menstrual cramps that can affect their ability to work. Additionally, in the US, 11% of people who menstruate suffer from endometriosis, while 20% have dysmenorrhea, which are menstrual disorders that can have a dire effect on everyday life and cause worse symptoms and discomfort throughout the menstrual cycle.

As such, Feedzai will be introducing training for managers to improve education and awareness, which will help them better support their teams and be aware of the diverse issues that don’t impact everyone in the same way.

The company had already introduced the four-day work week in August 2021 with the aim of promoting well-being and work life balance among the more than 600 employees  worldwide.

About Feedzai:
Feedzai is the world’s first RiskOps platform, protecting people and payments with a comprehensive suite of AI-based solutions designed to stop fraud and financial crime. Feedzai is trusted by leading financial institutions to manage critical risk and compliance processes, safeguarding trillions of dollars of transactions while improving the customer experience and protecting the privacy of everyday users. For more information, visit feedzai.com.

Contact
[email protected]

Lisbon, Portugal & London, UK – 27th September 2022 – 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.”

“There are still many Financial Institutions that make unfair decisions using biased algorithms. And at Feedzai we believe that we don’t need to compromise on accuracy to have fairness,” said Pedro Bizarro, Co-Founder and Chief Science Officer at Feedzai. “This recognition from the IDC MarketScape cements Feedzai’s position as a Leader in the Responsible AI space. It’s a culmination of the hard work, research, investment and dedication at Feedzai to create not only the best performing AI capabilities for detecting and stopping fraud, but also models that are fairer and with much less bias.”

“The complexities of identifying and detecting asymmetric criminal behavior in the current landscape requires approaches that use the best-of-breed and explainable AI technologies while maintaining responsible security practices,” said Jerry Silva, Vice President of Financial Insights at IDC.  ”Open source tools powered by optimization like those provided by Feedzai allow organizations to build portable machine learning pipelines that can run on premises or on cloud without significant code changes. Feedzai provides a multilayered solution approach with patented tools to help measure/identify patterns to keep FIs safe and compliant.”

According to the report, “Feedzai has developed a strong culture of communicating, sharing, and updating ML capabilities with clients to maintain explainability and transparency in model development. This also includes clients developing their own models.” 

Continuous investment in Research

The company already had 12 patent submissions this year and invests about 26% of its annual revenue in R&D, introduced last year Feedzai Fairband, an AutoML algorithm that automatically discovers less biased machine learning models with zero additional model training costs. Fairband introduced Responsible AI to many leaders in the financial services sector and proved how it’s both accessible and attainable for financial services organisations worldwide. 

More recently, the company also released FairGBM, a constrained version of gradient boosted trees that optimises for both performance and fairness between groups. And it does so without sacrificing predictive performance. FairGBM was open sourced for non-commercial use, allowing any organization committed to delivering model fairness the ability to do so at scale.

For more information, visit Feedzai Research.

About IDC MarketScape: 

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

About Feedzai:
Feedzai is the world’s first RiskOps platform, protecting people and payments with a comprehensive suite of AI-based solutions designed to stop fraud and financial crime. Feedzai is trusted by leading financial institutions to manage critical risk and compliance processes, safeguarding trillions of dollars of transactions while improving the customer experience and protecting the privacy of everyday users. For more information, visit feedzai.com.

Media Contacts:
Feedzai [email protected]

• Appointment strengthens leadership team as Feedzai accelerates growth strategy

San Mateo, Calif. & Lisbon, Portugal – September 26th, 2022 – Feedzai, the world’s first RiskOps platform for financial risk management, today announced the appointment of former Citrix President and CEO, David Henshall, to its board of directors.

 “Feedzai continues on its growth trajectory adding significant partnerships and industry accolades whilst continuing to showcase how financial institutions are using innovation to protect millions of people against scams and fraud,” said Nuno Sebastião, Co-founder, and CEO of Feedzai. “We are excited to welcome David to the board today. David’s vast experience of growing some of the world’s most groundbreaking companies such as Citrix will be  invaluable in helping us scale our business and continue our cycle of hyper-growth.”

 “Feedzai is redefining the fight against fraud,” said David Henshall. “Joining the board to help the company in its next phase of growth is to truly address how to operationalize risk for financial crime. I’m looking forward to being part of the limitless impact that can have.”

 Henshall was the president and chief executive officer at Citrix Systems, where he held executive roles for nearly twenty years. As both chief operating officer and chief financial officer he was responsible for overseeing the company’s global finance, operations and administration organizations.

 Prior to joining Citrix, Henshall served as chief financial officer of Rational Software Corporation and also held various finance positions at Cypress Semiconductor and Samsung. He serves as a member of the board of directors at New Relic and Everbridge, Inc.

Henshall holds a B.S. in Business Administration from University of Arizona and an M.B.A. from Santa Clara University.

About Feedzai:
Feedzai is the world’s first RiskOps platform, protecting people and payments with a comprehensive suite of AI-based solutions designed to stop fraud and financial crime. Feedzai is trusted by leading financial institutions to manage critical risk and compliance processes, safeguarding trillions of dollars of transactions while improving the customer experience and protecting the privacy of everyday users. For more information, visit feedzai.com.

Media Contacts:
Feedzai [email protected]

• Cloud-native platform powered by Feedzai’s AI/ML engine will help community and regional financial institutions improve safeguards with added efficiencies and real-time data analytics

Monett,Thursday 25th August, 2022 – Jack Henry™ (Nasdaq:JKHY) announced today the development of Jack Henry Financial Crimes DefenderTM, the company’s next-generation financial crimes platform. The comprehensive platform, planned to launch early 2023, will deliver community and regional financial institutions the enhanced capabilities they need, including AI/ML, to gain visibility into fraud across all channels to better protect their institutions and accountholders’ financial health.

This initiative furthers Jack Henry’s next-generation technology strategy, centered on developing  cloud-native solutions that help banks and credit unions innovate faster, respond to business opportunities and challenges, and meet accountnholder expectations.

The Financial Crimes Defender platform’s analytics engine integrates Feedzai, the world’s largest RiskOps platform for financial risk management.

Nuno Sebastião, CEO at Feedzai, said “Providing more financial institutions with access to our next-generation AI/ML RiskOps engine through Jack Henry’s new fraud platform will elevate the industry’s fight against fraud. Financial institutions of all sizes will be equipped with the modern machine learning and automation tools they need, a singular view of data to minimize false positives and wasted resources, and give users a seamless and consistent experience across all capabilities and services.”

The platform’s intuitive user experience and analysis will support in-depth investigations and risk mitigation strategies, helping bankers make faster and more accurate decisions to prevent fraud. Events will be published within the transaction stream to mitigate fraud before the transaction leaves the institution or posts to the client’s account.

Matt Riley, president of Complementary Solutions at Jack Henry, said, “We’ve been building this new platform over the last 18 plus months, and it’s another way that we are working to solve real and pressing business challenges for community and regional financial institutions. Feedzai shares our dedication to creating an open ecosystem where financial institutions have better access to the technology they need to compete. We are confident about the opportunity to work together and offer community and regional financial institutions the same machine learning and artificial intelligence analytics that safeguard some of the world’s largest banks and merchants.”

Statements made in this news release that are not historical facts are “forward-looking statements.” Because forward-looking statements relate to the future, they are subject to inherent risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to, those discussed in the Company’s Securities and Exchange Commission filings, including the Company’s most recent reports on Form 10-K and Form 10-Q, particularly under the heading “Risk Factors.” Any forward-looking statement made in this news release speaks only as of the date of the news release, and the Company expressly disclaims any obligation to publicly update or revise any forward-looking statement, whether because of new information, future events or otherwise.

About Feedzai:
Feedzai is the world’s first RiskOps platform, protecting people and payments with a comprehensive suite of AI-based solutions designed to stop fraud and financial crime. Feedzai is trusted by leading financial institutions to manage critical risk and compliance processes, safeguarding trillions of dollars of transactions while improving the customer experience and protecting the privacy of everyday users. For more information, visit feedzai.com.

About Jack Henry & Associates, Inc.

Jack Henry (NASDAQ: JKHY) is a well-rounded financial technology company that strengthens connections between financial institutions and the people and businesses they serve. We are an S&P 500 company that prioritizes openness, collaboration, and user centricity – offering banks and credit unions a vibrant ecosystem of internally developed modern capabilities as well as the ability to integrate with leading fintechs. For more than 45 years, Jack Henry has provided technology solutions to enable clients to innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders. We empower approximately 8,000 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health. Additional information is available at www.jackhenry.com.

Media Contacts:
Feedzai [email protected]