San Mateo, California. March 2nd, 2021 — Feedzai, the world’s leading cloud-based risk management platform announced today that it has been recognized in Forrester’s NowTech: Enterprise Fraud Management, Q1 2021 report. The report provides an overview of 37 Enterprise Fraud Management (EFM) providers. 

The report is designed to help security and risk professionals understand the value they can expect from an EFM provider, while also providing guidance on selecting vendors based on their respective expertise. In addition, the report addresses critical elements in EFM solutions that reduce fraud, minimize customer friction, and provide explainable fraud models – an increasingly important element as Responsible AI discussions take place from a regulatory perspective.

“The days of closed risk scoring models for fraud management are over,” writes Andras Cser, Vice President, and Principal Analyst – Security and Risk Management at Forrester Research in the report: “EFM solutions have evolved and matured a great deal in the past two or three years, with considerable improvements to the model building and testing lifecycle, link analysis, and reporting.” 

• Detect and prevent fraud while minimizing customer friction in real-time
• How Feedzai helps
• Monitor customer and account activity across multiple channels (ATM, mobile banking, online banking, etc)
• Detect cross-channel attacks in real-time 
• Use a single Case Manager across all customer channels to investigate alerts and create cases
• Productized and proven machine learning models across verticals and geographies
• How Feedzai helps
• Geographic specific solutions scale with our clients as they grow their businesses across the globe
• Best-of-Breed algorithms (Random Forest, Deep Learning, OpenML), in addition to  a rules-based risk scoring engine, analyze large datasets in milliseconds, offering real-time decision-making capabilities
• Feedzai Solutions (native cloud, SaaS) offers ready-to-use, transparent models at a fraction of traditional deployment times
• Explainable and extendable models
• How Feedzai helps
• Feedzai Whitebox Explanations couples each event scored by the system with a list of human-readable explanations; Feedzai Bias Audit Reports help data scientists conduct regular AI audits for bias and fairness
• Genome, Feedzai’s visual link analysis tool, leverages omnidata ingestion to produce high-quality alerts, surfaces hidden fraud, and ensures the right investigator is focusing on the right reviews
• Feedzai’s OpenML Engine allows in-house teams to bring 3rd party models trained on Python, Java, H2O, etc to the Feedzai platform, leveraging its use-case specific features and rules to fight new and evolving financial crime

Forrester’s report recommends: “invite vendors that have productized and proven models in your vertical…offering pre-customized, transparent, ready-to-use, and low-code models for your specific vertical.” For Feedzai, this recommendation perfectly aligns with its new fully packaged Feedzai Solutions, which addresses the importance of selecting a partner that offers an agile, easy to deploy, and low resource solution for financial institutions that can assess risk in real-time. With the configuration of machine learning models and a comprehensive library of out-of-the-box scenarios, Feedzai’s new offering presents itself as a turnkey solution that better protects customers with quicker time-to-value. 

“Feedzai is uniquely positioned to provide a single risk management solution that addresses the biggest pain points in the financial services industry,” says Varun Kohli, CMO at Feedzai. “We believe Forrester’s NowTech: EFM report highlights fundamental elements already embedded in Feedzai’s products and we are excited to see that the market is heading in the right direction.”

Feedzai’s capabilities are proven across the largest banks, fintechs, e-commerce merchants, and payment processors in the world while providing the only single platform with omnichannel capabilities to manage financial risk.

Check out Forrester’s full report: feedzai.com/resource/forresters-enterprise-fraud-q1-2021/

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]

Feedzai, the world’s leading cloud-based risk management platform, has been named as a finalist in TechRound’s Fintech50, which ranks the top 50 Fintech businesses and start-ups in the UK, praised for their innovation and contribution to the UK’s fast-growing fintech scene.

Other finalists in the Fintech50 include pension platform PensionBee, banking service provider, BankingCircle, crypto portal Bitstamp, company smart cards Pleo, and Soldo.

“It’s an honor to be recognized amongst the best fintech companies operating in the UK by TechRound,” said Varun Kohli, Chief Marketing Officer, Feedzai. “At Feedzai, we pride ourselves in solving global problems while maintaining local expertise. This award recognizes that effort and the continuous work we do to evolve AI and our cloud-based platform to help financial institutions make better decisions and manage financial risk.”

TechRound is the UK’s leading voice for start-up news and opinions and the Fintech50 highlights the diversity, innovation, and success in the UK start-up and business sectors, with people from all walks of life and from all nature of backgrounds demonstrating their ingenuity and creativity. TechRound remains the best place in the UK to showcase talent and progress in the tech industry.

The judges commended the innovation and hard work of all the entries and the entrepreneurs, especially in their efforts to solve real-life problems through Fintech, making payments or processing more streamlined and effective.

TechRound co-founder Daniel Tannenbaum said: “Once again, we were extremely impressed with the caliber of entries, with some of the most outstanding Fintech companies across payments, budgeting, finance, and cryptocurrencies sharing their stories.”

TechRound co-founder David Soffer commented: “The UK continues to be the powerhouse for all things start-ups and Fintech. The TechRound Fintech50 highlights the brilliant concepts and how they have been executed by some very talented people. Above all, this list should act as an inspiration to future Fintech leaders and entrepreneurs and help us create a society where the benefits of Fintech are fully utilized.” 

Feedzai leads the financial crime management market and works with some of the world’s largest banks and payment processors, currently protecting more than 800 million people in 190 countries.

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]

• BTG Pactual will be using Artificial Intelligence to protect customers and improve customer experience with a focus on retail banking

San Mateo, California and Sao Paulo, Brazil – January 19, 2021 – BTG Pactual, the largest investment bank in Latin America, which has just launched its new retail bank BTG+, and Feedzai, the world’s leading financial crime management platform, just announced a partnership that will strengthen the bank’s ability to monitor financial transactions using advanced machine learning.

The partnership between the two companies also includes Pix monitoring, the new instant payments system that launched on November 16, 2020. Feedzai’s financial crime management platform also monitors real-time transactions that go through the new channel designed by the Central Bank of Brazil.

“We are excited about this partnership and this new resource to protect and improve our customer experience,” said Rodrigo Cury, Head of BTG+. “We want to become one of the main retail banks in Brazil and for that reason, we are using advanced technology that allows consumers to buy, trade, and engage with the digital economy in a straightforward and agile way.”

Artificial intelligence has proven to be an excellent ally for monitoring financial crime in digital environments, with customers now benefiting from a combination of speed and security in payments, P2P transactions, and account opening. BTG is one of the players that recognize this new technology’s value while being committed to establishing partnerships with Fintech companies that offer sophisticated products optimized for performance and scalability.

“The partnership with BTG Pactual confirms the global trend of turning giants in the financial sector into digital retail banks highly focused on offering products and an overall experience very much aligned with consumer expectations,” said Nuno Pires, SVP, LATAM, at Feedzai. “Brazil has proved to be a market with a huge growth potential and Brazilian consumers are “early-adopters” who are quite engaged with new payment trends.”

Feedzai leads the financial crime management market and works with some of the world’s largest banks and payment processors, currently protecting more than 800 million people in 190 countries.

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]

• Top 3 Global Fraud Contributors in 2020: Card cloning, High-Speed Ordering/Spending, and High-Risk Merchant Category Code
• 34% increase in card cloning fraud rate across industries and regions
• 13% increase in sporting goods purchases compared to last holiday season due to social distancing and prohibited indoor gatherings
• 36% decrease in fuel purchases compared to Q1 and 89% Drop in Transportation Sector Transactions
• 75% of customers plan to maintain new digital banking habits

San Mateo, California – November 24, 2020: Feedzai, the world’s leading risk management platform, has announced its Quarterly Financial Crime Report which contains financial crime indicators and consumer trends while drawing spending comparisons during one of the most complex shifts in consumer behavior. The report also identifies the top 3 Global Fraud Contributors in 2020 with card cloning, high-speed ordering/spending, and high-risk merchant category code taking the lead.

Fraudsters also seized opportunities provided by the shift to online transactions causing networks’ fraud rates to increase by 60%. Not only was there more fraud attempted, the dollar value of each attempted fraudulent transaction was 5.5% higher than it had been the six months preceding the pandemic.

The digital-first revolution brought on by the pandemic has shown that criminals – who already revealed technical sophistication – quickly adjusted to the new reality and that consumers adapted their shopping habits to the realities of lockdowns and social distancing requirements. In both cases, they’re not likely to switch back. In fact, 30% of consumers opened new accounts during the pandemic, and 75% of customers plan to maintain digital banking habits. A further 56% cited trust as the reason they opened new accounts with their current financial institution.

30% Increase in Card Not Present (CNP) Transactions

The radical shift to online commerce and banking produced a 30% rise in CNP transactions from April through August as compared to Q1 2020. As expected, the move away from in-person transactions realized a 22% drop in April for card-present (CP) transactions. However, and most surprisingly, by June, CP transactions, which dramatically decreased in April, recovered.

13% increase in sporting goods transactions comparing to holiday shopping levels

With new social distancing guidelines and a dramatic change in people’s social behavior, which prohibited indoor gatherings, came with new shopping needs. One sector, in particular, has seen an uptick: sporting goods. Transactions skyrocketed during Q2 and Q3, reaching 2019 holiday shopping levels. Even more impressive, sales were sustained over three months. May 2020 saw a 13% increase in the number of transactions compared to the peak holiday month of December 2019.

89% Drop in Transportation Sector Transactions

At the start of the lockdowns when consumers were sheltering in place, the transportation sector took a giant hit. Public transportation dropped by 89% and the number of gas station transactions dropped by 36% compared to Q1.

Fuel Transactions, Public Transportation, and Travel Refunds

The steep decline in transactions related to gas and fuel was short-lived and met with an equal and opposite rebound. Additionally, Feedzai saw an increase in transactions during the summer months.

The radical shift to work from home policies implemented to stop the spread of COVID forced many public transit systems to dramatically decrease their activity. Nine months later, public transportation remains down by 56% from pre-pandemic levels.

Travel refunds rose 150% in March, compared to early 2020, but after a difficult start, refund rates returned to their normal levels.

COVID cancels Black Friday but gives Cyber Month a big push

Black Friday as we know it is canceled for the year. Major retailers are limiting crowds and extending their deals beyond one day to help stop the spread of coronavirus. Consumers are now opting for Cyber Monday, which will morph into Cyber Month. It’s a necessary step to both ensure robust retail figures and also meet new realities ushered in by COVID, which has delivered previously unseen and unheard-of digital results: holiday season shopping levels in spring and summer. The dollar amount processed in May 2020 was higher than 2019’s holiday season. Additionally, the dollar amount increases over the previous year’s holiday season were sustained through the summer and early fall.

Monetary Value

26% increase in the dollar amount processed in May 2020 compared to the 2019 holiday season

13% increase in dollar value June-Sep. 2020 over the 2019 holiday season

Number of Transactions

30% increase per month in number of transactions from June-Sep. 2020 compared to Sep. 2019

“We’ve analyzed over 4 billion global transactions across all major industries to produce what we believe to be a comprehensive snapshot of the latest fraud and consumer trends,” said Jaime Ferreira, Senior Director of Global Data Science at Feedzai. “COVID has created a big disruption in the banking, payments, and e-commerce sectors with multiple impacts all over the world. Feedzai is in a good position to add clarity to this debate and help financial institutions to understand these complex shifts and how to better protect their customers.”

4 Ways to Spot a Scam

Fraudsters sometimes pretend to be someone from a tech or utility company, the government, or even charity. They might tell consumers that there’s a problem, an emergency, a virus on a personal device, or a problem with one or several accounts. In order for them to “solve” the problem, they ask people to verify their personal information.

Fraudsters also bombard people with questions and threats. They might say that a person is about to face legal actions or unwanted financial consequences. In every case, they will act as the person with the power to avoid any kind of harm.

Don’t provide personal or financial information to people that are calling you even if they sound credible. Legitimate businesses or government agencies won’t ask you for personal information like credit or debit card numbers, social security, etc. If anyone is asking you to act quickly to avoid legal or financial consequences, you’re in the presence of someone who is trying to scam you.

Never transfer money to people that say that that action will solve the problem, and never accept to deposit money in your bank account to then send it back to the person who is requesting it.

Carefully inspect the emails in your inbox that might contain suspicious links and keep a close eye out for fake websites that ask you to submit personal information. Text messages or rogue mobile apps are also common tactics used by fraudsters and scammers.

If you think you’re in the presence of a scammer, hang up, find a number from a legitimate source and use a different phone to call the institution to clarify the information you were provided with.

Access Feedzai’s Quarterly Financial Crime Report to learn more about the latest fraud and consumer trends.

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]

• Feedzai’s technology strengthens PayU omnichannel fraud prevention capabilities with a robust machine learning framework

SAN MATEO, Calif.–(BUSINESS WIRE)–Jul. 29, 2020: PayU, a leading financial services provider in global growth markets, and Feedzai, a leading risk management platform, announced today a partnership expansion that will enable PayU to augment its fraud prevention capabilities in Latin America in addition to the EMEA region.

Following the successful implementation of Feedzai’s transaction monitoring solution in Europe, Middle East, and Africa, PayU will start implementing the same core technology in Brazil, Mexico, Colombia, Argentina, Chile, Peru, and Panama to proactively detect and prevent fraudulent suspicious activities.

“PayU is continuously developing cutting edge AI/ML based products and services and partnering with Feedzai enhances our capabilities to offer secure, seamless transactions to our customers,” says Gyorgy Tomso, COO of PayU EMEA and LATAM regions. “Our online platforms process over six million transactions and generate billions of data points every day. Using complex ML models, our data scientists leverage this data for prescriptive analytics to improve customer experiences and reduce financial risks. Feedzai’s market-leading risk management has already proven a great addition in EMEA, so we’re excited to continue this success in Latin America.”

Machine learning is fundamentally changing the Payments industry while providing market leaders with a future-proof framework capable of delivering fast, reliable, and seamless financial services.

“Feedzai’s technology enables PayU to protect its important merchant customer base by leveraging years of experience in combining advanced machine learning techniques with real-time data processing,” says Nuno Sebastiao, Chairman and CEO of Feedzai. “PayU and Feedzaishare a common vision of a world without financial borders in which commerce is both safe and friction-free.”

The goal of the new project is to provide a centralized fraud prevention and detection system for PayU LATAM while aiming at global standardization of processes.

About PayU
A Prosus group company
PayU is the payments and fintech business of Prosus, a global consumer internet group and one of the largest technology investors in the world. Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities. Prosus has a primary listing on Euronext Amsterdam (AEX:PRX) and a secondary listing on the JSE Limited (XJSE:PRX), and is majority owned by Naspers. For more information on Prosus and its companies and investments, please visit www.prosus.com.

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]

View source version on businesswire.com: https://www.businesswire.com/news/home/20200728005524/en/

• New collaboration will bolster payment flow protection and reduce fraud, offering merchants 360° monitoring to combat financial crime.

(San Mateo, California – June 30th) — Today, licensed bank and smart payments provider Credorax and risk management platform Feedzai announced a new partnership to provide Credorax merchants with advanced anti-money laundering (AML) and anti-fraud capabilities, leading to increased payment security, reduced operational costs and an improved customer experience.

The partnership between Credorax and Feedzai first began in 2018, when Credorax elected to combine its merchant acquiring technology and services with Feedzai’s advanced machine learning capabilities to protect its customers from fraud. Since then, Credorax’s merchants have been protected in real-time from threats , while improving the overall customer experience.

“Credorax has a long-standing relationship with Feedzai and we are excited to continue collaborating with a company recognised as best-in-class in the fraud and anti-money laundering market,” said Moshe Selfin, Credorax CTO &COO. “With increasing regulation in the payments ecosystem, extending the relationship to help identify and guard against money laundering is a natural step. We’re excited to work with Feedzai to drive innovation in this space.”

Credorax and Feedzai’s platform combines both AML and fraud solutions to add a crucial layer of protection to the payments flow, offering a 360° view to better monitor and combat financial crime. This partnership will allow fraud and compliance teams to share information and eliminate manual checks, thus remaining compliant at lower costs and with fewer resources.

“We are thrilled to strengthen our partnership with Credorax, as they continue to invest in future-proof technology that will protect their customers from fast-evolving threats,” said Richard Harris, EVP of Global Operations at Feedzai. “As more financial institutions move forward in their digital transformation journeys, the adoption of robust, end-to-end systems is increasing.”

About Credorax:
Credorax is a smart payments provider and fully licensed bank providing cross-border processing for eCommerce and omni-channel payments. Our gateway technology, SourceTM, has been developed in-house to provide a streamlined payments experience so smart and secure, that merchants can reach their full business potential simply by better managing their payments. Credorax merchants can accept more than a hundred cards and local payment methods and get paid in their currency of choice. Our merchants also enjoy best-in-class approval rate optimisation, advanced anti-fraud protection, business intelligence and a host of other value-added services and products adding up to a payments experience unlike any other. To learn more, contact us at [email protected] or visit www.credorax.com.

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]

• Company offers an additional layer of real-time protection against financial crime.

San Mateo, CA, Feb. 5, 2020: SafetyPay, one of the leading digital alternative payment platforms providing solutions across Latam and Europe, reached an initial 5-year agreement with Feedzai, the market leader in managing financial crime with AI, to offer an extra layer of protection against fraud risk for SafetyPay customers.

SafetyPay’s platform allows non-card holders and fraud-wary consumers to participate in the online marketplace via bank transfer or cash without sharing their information online. The platform opens the door for e-commerce merchants to tap into a larger consumer base by accepting alternative forms of payment. Meanwhile, Feedzai monitors patterns in payment transaction activity and compares against a customer’s historical data to authenticate transactions. With a shared goal of making banking and commerce safe, the partnership with Feedzai enhances SafetyPay’s security, harnessing AI to protect customers across borders from fraudulent risks in real-time.

“Secure payments have been a core focus for us since SafetyPay was founded more than a decade ago,” said Gustavo Ruiz Moya, CEO, SafetyPay. “We constantly strive to leverage the latest technology to protect our customers – both consumers and merchants – and offer them the best experience when they buy and sell online. Our partnership with Feedzai further solidifies SafetyPay’s commitment to enabling fraud-free transactions.”

The first stage of the partnership will be rolled out in 2020 with Feedzai monitoring SafetyPay transactions in Brazil, Mexico, Peru and Spain, with the opportunity to expand to other markets as SafetyPay scales. SafetyPay currently partners with 380 banks in 17 countries worldwide, across Latin America, Europe and North America.

“We are working hand-in-hand with SafetyPay’s platform to minimize and prevent fraud risk for its customers around the globe, all while providing a frictionless payment experience. Feedzai will monitor transactions for SafetyPay customers and continue to support the company as it expands its reach,” said Nuno Pires, Senior Vice President, LATAM. “We are proud to collaborate with a platform like SafetyPay that has a similar mission in mind – to empower more people to participate in the digital economy with security and ease.”

For more information, please visit www.safetypay.com.

About SafetyPay
The company was founded as an e-commerce payment platform to enable alternative payment methods, with a focus on cross-border transactions. As a multinational financial institution, SafetyPay has the mission to encourage payment inclusion to all Latam population by giving access to pay in e-commerce merchants, and enable abroad merchants the opportunity to make cross border sales.
Gustavo Ruíz Moya, CEO of SafetyPay, developed and implemented a business plan with a focus on the positioning of the company for long-term growth, implementing strategic initiatives as consolidating the largest non-card payment network that enables cash payments, bank transfers and crossborder transactions to purchase online, focus on greater scale and penetration in Latin America and Europe, work on developing new cash solutions and establish new agreements with banks, retail networks, PSPs and gateways.
Today, SafetyPay operates the largest network of banks and cash collection points in Latin America, the result of 10+ years effort, with a presence in 17 countries consolidated with 380 bank partners and 180,000 collection points. Our platform has a robust technology and infrastructure that can support growth without significant investments.

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]

SafetyPay
Lucia Domville / Selin Ilik
[email protected]
1 646 284 9420

• Next generation capabilities simplify compliance and elevate AML programs, policies and procedures for established financial institutions, fintechs and challenger banks.

Las Vegas, NV, October 29, 2019: At the 2019 Money 20/20 conference in Las Vegas,

Feedzai has announced that it has expanded the capabilities for its AML solution. Delivering on the promise of using innovative machine learning techniques to improve management of financial crime, today’s release gives financial institutions enhanced detection capabilities and offers greater explainability to simplify compliance.

The release also features automated regulatory reporting which accelerates time to compliance within a global regulatory ecosystem that demands AML programs to meet local, regional, and international requirements, both in real-time and in batch. With Feedzai, financial institutions gain a holistic view of financial crime enabling them to implement unified FRAML strategies that promote implementation of shared goals, operational processes, data and tools between fraud and AML programs.

“Our banking customers look to modernize their AML programs to combat increasingly sophisticated criminals who exploit siloed, outdated AML systems that fail to keep pace with globalized financial systems and real-time digital payment methods,” said Saurabh Bajaj, Chief Product Officer at Feedzai. “With our innovation-driven DNA and expertise in financial crime management, we will continue pushing the boundaries of machine learning to improve anti-money laundering outcomes for established banks and fintechs alike.”

Nearly $2 trillion US dollars is laundered annually without detection, according to the United Nations Office on Drugs and Crime. To stay ahead of ever-evolving money laundering typologies, financial institutions demand sophisticated machine learning solutions which are able to identify these patterns hidden in terabytes of data. However, the lack of labeled data, essential for gauging the involvement of transactions in money laundering schemes, and the increased regulations for explainable decision-making, curtail FIs’ ability to fully leverage the power of machine learning.

Feedzai’s upgraded AML solution offers the following key capabilities:

• Robust Machine Learning models powered by Advanced Machine Learning Techniques: Feedzai can empower any Financial Institution to leverage machine learning to fight money laundering, even combatting one of the most common challenges in AML – the lack of labeled data. To solve the cold-start problem of insufficient labeled data, Feedzai provides an iterative and supervised machine learning technique that leverages algorithms able to query AML teams to identify whether given transactions were associated with money laundering. This human-machine feedback loop is a technique that ensures sufficient information is collected on the data essential for training robust and accurate machine learning models, while also reducing high false positive rates.
• Feedzai’s Next Generation of Whitebox Explanations™: Provides an unparalleled level of explainability for AML including detailed information on the suspicious activity and why a given risk score was computed. This enables internal investigators understand why an alert was generated, helps auditors gain context behind decisions, and gives money laundering reporting officers (MLROs) relevant information to achieve regulatory blessing.
• Feedzai Genome now includes deep link analytics powered by advanced graph-based techniques:  By incorporating graph based techniques into Genome, Feedzai’s AI powered link analysis tool, and sharing risk intelligence data via Risk Ledger, Feedzai’s privacy-safe and members-only data consortium service, Feedzai is able to uncover much deeper links than previously possible. This enables the investigation of evasive AML patterns between webs of banks, accounts, corporations and trusts, allowing Genome to expose hidden relationships to trace the flow of funds that would be difficult to surface using manual linking.

Since launching its AML Transaction Monitoring solution a year ago, Feedzai added support for automated SAR filing, sanction screening integrations, and a multitude of payment channels across US, EMEA, and APAC. The solution meets model governance requirements under OCC 2011-12 and SR 11-7 and gives Feedzai clients full autonomy to show to regulators what profiles and model features have been created and why decisions were made.

The 2019 Money 20/20 is held in Las Vegas at the Venetian Convention Center, October 27-30. Visit Feedzai at booth #3918 to see a demo of its AML solution or request a demo by visiting Request a Demo.

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]

• The Summit will feature stage content, breakout workshops with speakers from Microsoft, IDC, PaySafe, Varo, BioCatch, Feedzai and others, followed by an exclusive reception with the renowned economist Nouriel Roubini

Las Vegas, Oct. 7, 2019 – Feedzai is launching its second Financial Crime and Technology Summit in partnership with Money20/20, which will take place at the Venetian convention center in Las Vegas on Oct. 28th. Industry leaders from prominent companies, including Microsoft, IDC, Biocatch, Paysafe, Feedzai, and more will present hands-on material to Summit attendees to help spread best practices around defending companies from security issues and financial crime attacks.

Nouriel Roubini, renowned economist made famous when he predicted the global recession of 2008, NYU professor, former advisor to the IMF, the Federal Reserve, the World Bank and more, will be interviewed on Money20/20’s main stage by Feedzai CEO Nuno Sebastiao . As a speaker, Nouriel Roubini will focus on the journey to the future of money, leading the way to uncover what’s ahead in the winding, ever-changing road of financial revolution and the challenges in the near future. Immediately following the keynote session, a invitation-only reception with Nouriel, Nuno, and other main stage speakers and industry executives will take place in an exclusive area of the backstage.

Feedzai Financial Crime and Technology Summit will be held in the Bellini Ballroom at Money 20/20 and will include exclusive content including a keynote session, panel discussions and breakout workshops run by financial services, fraud and AML leaders from Microsoft, BioCatch, IDC, Paysafe, Feedzai and others. The workshops will focus on advanced machine learning, data management, trends within fraud and AML, and tangible tools to fight financial crime.

“Failing from protecting financial institutions from financial crime means not only huge losses and fines, but also reputation damages that have a big impact on the revenue stream in the following years,” said Nuno Sebastiao, Feedzai CEO and co-founder. “This symbiotic relationship between data management and credibility will shape the trust reserves of the banking system in the near future.”

Feedzai Financial Crime and Technology Summit is part of Feedzai Frontiers, a global speaker series that brings thought leaders and industry titans, including the late Professor Stephen Hawking, Steve Wozniak, and Richard Branson, to key events around the world to address the most important technological issues and opportunities facing humankind, such as AI and ethics, the reinvention of retail, and managing risk in a digital world.

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]