Feedzai AutoML allows for automated feature engineering, machine learning model creation, and more, providing industry-leading results in a fraction of the time

Feedzai announced today that it is bringing AutoML to the fraud space, an industry first. By automating tasks such as feature engineering and machine learning model creation, data scientists are now able to create fraud prevention solutions as much as 50 times faster than is possible with the traditional data science workflow.

Increasingly intelligent fraud attacks require teams to act faster than ever to fight evolving fraud risks on multiplying fronts. Feedzai AutoML enables teams to deliver results faster and to quickly expand to new use cases, channels, and geographies.

Now, data scientists can quickly generate the most relevant features and models, and adapt more quickly to fast-evolving fraud schemes and attack vectors. Feedzai AutoML works by automating and integrating the most repetitive and time-consuming steps in the data science pipeline, freeing data scientists to perform more consequential tasks. At a time when the demand for data scientists is growing more quickly than ever, Feedzai AutoML allows banks and other financial institutions to massively augment their data science teams.

“We’ve proven that Feedzai AutoML can get virtually the same results in a few hours, that would normally take a team of data scientists weeks to achieve,” says Pedro Bizarro, Feedzai Chief Science Officer and co-founder. “This is a ground-breaking advancement for Feedzai, but even more so, it’s something that will provide a substantial competitive advantage to our customers.”

Feedzai AutoML cutting-edge innovation relies on an advanced type of semantic-based automatic feature engineering, where the machine recognizes the semantics associated to each field enabling the engine to automatically build context-aware features. This functionality is greatly empowered by Feedzai AutoML model selection capabilities: the most competitive algorithms are automatically trained, optimized and compared so that the best models are recommended at the end of the process.

Feedzai AutoML follows the April release of Feedzai OpenML, which allows data scientists to import open source and third party tools to the Feedzai Risk Engine. Feedzai AutoML and OpenML work in conjunction, creating flexibility and speed previously unseen in the fraud prevention industry.

“Our customers spoke, and we listened,” says Nuno Sebastiao, Feedzai CEO and co-founder. “AutoML and OpenML are the two latest examples of Feedzai’s dedication to bringing the market the best possible fraud prevention solutions. In the months to come, you can expect to see more and more of these kinds of innovations.”

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]

Credorax is implementing Feedzai’s Machine Learning Platform to Battle Threats from an Increasingly Complex E-commerce Landscape, While Enhancing Customer Experience.

Credorax, a leading technology company turned fully licensed commercial bank, and Feedzai, a leader in Artificial intelligence (AI) for real-time risk management across banking and commerce, announced today a partnership to protect Credorax merchants against fraud. The collaboration couples Feedzai’s advanced fraud prevention platform with Credorax’s merchant acquiring technology and services, employing machine learning to stay ahead of an ever more complex and dangerous e-commerce landscape, and allowing consumers even more access to frictionless transactions without giving up security.

“Credorax is proud to partner with Feedzai to market AI solutions that better safeguard merchants and their customers,” said Igal Rotem, Chief Executive Officer of Credorax. “We continue to dedicate significant resources to help solve complex issues and are confident that, working together, we will fuel growth in the digital economy.”

Merchants must contend with burgeoning data from more channels than ever. Fraudsters are getting increasingly sophisticated and aggressive in their attacks. Banks, merchants and customers can become targets at any point – from merchant onboarding through the entire e-commerce transaction and payments lifecycle.

The machine learning technology from Feedzai and Credorax revolutionizes the fight against fraud for merchants, while assuring loyal customers can transact with reduced friction and more security. It arms merchants with better defenses by sifting massive data to uncover fraud while minimizing declines from false positives. The combined solution reduces risk, reduces manpower costs, boosts revenue and improves customer experience.

“Feedzai and Credorax will provide the best solution for merchants that need a powerful risk management and fraud prevention platform to protect their customers in a seamless way,” said Nuno Sebastiao, Chief Executive Officer of Feedzai. “With Feedzai technology backing Credorax, we are helping to keep payments safe, while ensuring real-time processing — which is especially important in a world where digital means now.”

Industry luminary and Apple Co-founder Steve Wozniak, Goldman Sachs Intl. Chairman José Barroso, and other thought leaders joined Credorax and Feedzai executives on the stage at the recent Money20/20 Europe, speaking to the key role of AI in modern commerce.

About Credorax:
Founded in 2008, Credorax is one of the first technology companies in the world to have evolved into a licensed commercial bank that specializes in merchant acquiring, as well as the first bank developed specifically for the e-commerce sector. It holds merchant acquiring banking licenses in 32 countries across Europe. For more information, 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]

• Apple co-founder “The Woz” joins the chairman of Goldman Sachs International, the head of machine learning at Carnegie Mellon and at JP Morgan, CTOs of leading banks, the CEO of Feedzai, and many more to share expert insight on artificial intelligence
• The event, produced in partnership with Money20/20 Europe, will take place at the RAI convention center in Amsterdam on June 4th
• VIP guests could have the chance for front row seats, or to meet Mr. Wozniak after the event

AI Deep Dive, an artificial intelligence-focused track of the Feedzai Frontiers Speaker Series, will take its next event to a new level at Money20/20 Europe at the RAI convention center in Amsterdam on June 4th.

AI Deep Dive brings top speakers, both academic and corporate, together to discuss the most important topics surrounding this powerful technology and its use cases. This AI Deep Dive event will feature:

• Steve Wozniak (“The Woz”), Apple co-founder
• José Manuel Barroso, Goldman Sachs International Chairman and former European Commission President
• Manuela Veloso, Head of Machine Learning at Carnegie Mellon and newly appointed Head of AI at JP Morgan
• Petros Zerfos, senior researcher at IBM Watson
• C-level experts of Blockchain, Credorax, BBVA, PaySafe, and many more

“Artificial intelligence has been an area of interest for me even in the early days of Apple when this research was still pretty niche,” said Steve Wozniak, Apple co-founder. “But in recent years AI technology has really expanded to serve incredible real-life purposes truly changing the world. And of course it also has its risks we need to question as well. I am looking forward to being back at AI Deep Dive, an event that really helps shape the conversation around AI in our modern world.”

As part of this AI Deep Dive event, VIP guests will be given front row access in the auditorium and in the main stage session, as well as special gifts such as a copy of Mr. Wozniak’s recent memoir, iWoz. Some selected guests will also have the chance to meet Mr. Wozniak in person in an exclusive Meet & Greet immediately following his on-stage fireside keynote with Feedzai CEO Nuno Sebastiao.

AI Deep Dive is part of Feedzai Frontiers, a global speaker series that brings thought leaders, decision makers, and industry titans together at leading conferences 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.

“These AI Deep Dive events have grown into remarkable gatherings of top minds in AI sharing insightful research and important new use cases,” says Nuno Sebastiao, Feedzai CEO. “We are thrilled to have Woz joining our event again, as well as the amazing line up of other important speakers. As this gets bigger and bigger, it’s not something anyone serious about AI and its global impacts will want to miss.”

“There’s no question that AI is one of the most important topics at our Money20/20 conferences around the world,” remarks Tracey Davies, President of Money20/20. “We are thrilled with how AI Deep Dive has evolved, and our  attendees are certainly in for a treat with this incredible line up of speakers.”

To learn more about AI Deep Dive events and the rest of Feedzai Frontiers Speaker Series, to see video of previous talks, or to indicate interest as a speaker, please visit: https://feedzai.com/frontiers.

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]

• OpenML allows financial institutions and their data science teams to use existing tools, processes, and expertise to fight fraud, releasing them from proprietary frameworks
• OpenML also enables automated end to end connectivity across the data science ecosystem, drastically increasing efficiency for machine learning implementations

Feedzai has launched the Feedzai OpenML Engine, in response to recognizing the need for data science teams to utilize their own tools and expertise. Built on Feedzai’s distributed microservices architecture, this powerful service allows data scientists to bring their preferred machine learning modeling and runtime frameworks, including open source, research, or commercial, to the Feedzai platform.

Initial product support includes an SDK for Python, R and Java, and it provides close integration with any open source library, sourcing framework, and modeling environment. The three main innovations in Feedzai’s OpenML framework include:

Use any language or environment for data science activities:

• Feedzai is removing the burden of data scientists to work in a singular environment dictated by the third-party vendor. Feedzai is also removing the bottleneck where clients require vendors to create models on their behalf. With OpenML, data science teams can create and use models in the language they choose (e.g. Python, R and Java). Furthermore, data scientists can use end-to-end modeling environments like H2O, R Studio or Data Robot.

Leverage emerging algorithms as they become available:

• The OpenML Engine allows data science teams to leverage pre-written machine learning libraries from any open source (e.g., TensorFlow, H20.ai, Spark’s MLib, scikit-learn). By opening up Feedzai’s real-time engine to use an open score approach, any external library or scoring framework can be used in conjunction with Feedzai.

Enables automated end to end connectivity across the data science ecosystem:

• The OpenML Engine enables the automation of model creation and deployment, whether these models are built inside or outside Feedzai’s platform. This end-to-end connectivity and automation provides seamless integration with Feedzai’s real-time processing for decision-making.

“Data scientists shouldn’t be forced to comply with closed systems by their legacy vendors, creating unnecessary burdens and bottlenecks,” says Paulo Marques, Feedzai co-founder and CTO. “Feedzai has always worked to make that a thing of the past. OpenML will make those teams more effective, not just by a slight improvement, but by magnitudes that will set them well ahead of their competitors.”

Feedzai’s OpenML is powering Feedzai’s fraud prevention products for customers around the world, including 10 of the top 25 banks in the world, processing more than $5 billion in transactions every day.

“OpenML is an exciting evolution for our platform, bringing our fraud-fighting expertise and some truly revolutionary technology together to create something the industry hasn’t seen yet,” says Nuno Sebastiao, Feedzai co-founder and CEO. “This is all part of our mission to create AI systems that are attainable, explainable, and controllable.”

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 announced today that it is expanding its global reach with a physical office being opened in Hong Kong. This is the company’s first office in the APAC region, following strong sales growth in the region. After raising a Series C funding round of $50 million in October, and expanding total employee count to nearly 300 in 2017, Feedzai’s Hong Kong office will serve as a launchpad for continued growth in the APAC region.

The company has appointed Feedzai and industry veteran Steve Liu as Head of APAC. Mr. Liu will oversee the Hong Kong office and the eventual expansion of new offices in Singapore and Sydney, Australia, and other key APAC cities. Mr. Liu has more than 20 years of technology experience directing teams in operations and delivery, and since joining Feedzai in 2015 has helped to build Feedzai’s global delivery and pre-sales operations.

“We are committed to making banking and commerce systems safe worldwide, freeing our business customers to securely transact with their consumers anywhere and anytime. With Steve at the helm in Hong Kong and his local market expertise, we are prepared to make APAC a focal point of our growth strategy for the years to come.”” said Nuno Sebastiao, Feedzai co-founder and CEO. “As we gain more traction in APAC and elsewhere, you can bet that 2018 will be another transformational year for Feedzai.”

Feedzai was recently named on the Forbes Fintech 50 global list for 2018, and is a founding sponsor of the Money20/20 Asia show in Singapore, March 13-15, where Feedzai CEO Nuno Sebastiao is giving a keynote presentation on the main stage. Additionally, Feedzai has partnered with Money20/20 and Space for Humanity to give one attendee the chance to go to space as part of a Space for Humanity mission as early as December 2018.

“Expanding our brand further in APAC will be the next major source of growth at Feedzai, especially since we already have great customers in the region and strong support to build our operations here,” said Steve Liu, Feedzai’s newly appointed Head of APAC. “Now, no matter what time zone, there’s a Feedzai office and team dedicated to supporting all of our current and future customers.”

Feedzai has clients across the APAC region, including companies headquartered from the Philippines to Australia, as well as some of the most recognized brands in the region. Feedzai is headquartered in Silicon Valley and has offices in New York, Atlanta, Lisbon, Porto, Coimbra, London, and now Hong Kong, as well as sales and delivery teams providing support teams throughout the 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]

Feedzai is launching the next installment of Feedzai Frontiers, a global speaker series that brings thought leaders, decision makers, and industry titans together at leading conferences around the world to address the most important technological issues facing humankind. Whether its AI and ethics, the reinvention of retail or managing risk in a digital world, Feedzai Frontiers deals with the real issues faced by the builders and architects who are responsible for making tomorrow’s technology real today.

To commemorate the overall driving spirit of exploration behind Feedzai Frontiers, Feedzai has partnered with Space for Humanity, a non-profit seeking to democratize space travel, and Money20/20 to offer one attendee from Money20/20 Asia a chance to be on a 12-person mission to low Earth orbit. Contestants will be able to record short video submissions of why they should be selected to attend the mission. Videos can be recorded at the Feedzai Frontiers “Launchpad” in the atrium of the Money20/20 Asia show floor at the Marina Bay Sands expo center the first two days of the event, or submitted online in the weeks leading up to the event. The winner will be announced from the main stage on the final day of the event.

Feedzai will also be bringing back the Frontiers | AI Deep Dive speaker series to Money20/20 Asia. On day two of the conference, machine learning experts from Microsoft, NVIDIA, Stripe and more will speak at Frontiers | AI Deep Dive about the ways artificial intelligence is disrupting our world. Past installments of Feedzai Frontiers | AI Deep Dive have brought famed Apple co-founder Steve Wozniak, Google director of engineering Ray Kurzweil, and many more to past events including Money20/20 Las Vegas in October.

“Pushing past human limits to make game changing discoveries is a hallmark of great explorers,” said Nuno Sebastiao, Feedzai co-founder and CEO. “Feedzai Frontiers represents our core values, as well as the commitment to our customers to always innovate in order to keep their business safe, to help them push their own boundaries in banking and commerce.”

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 integration bolsters out-of-the-box artificial intelligence capabilities for banks and other financial institutions to fight fraud and money laundering

Feedzai, a leading provider of fraud prevention and anti-money laundering products built on artificial intelligence and DataRobot, the leading provider of machine learning tools across industries, have partnered to allow banks, merchants, processors, and other financial institutions to incorporate DataRobot machine learning models directly into the Feedzai platform to create a superior platform for financial crime detection.

DataRobot is widely used throughout the banking industry to automate the creation of advanced machine learning models to mitigate exposure to many types of risk, including fraud detection and anti-money laundering. These powerful models can now be integrated into Feedzai’s platform via the OpenML platform announced in 2018.

Feedzai customers benefit from having these models easily integrated into an end to end omnichannel platform purposely built for financial crime detection, including sub-10 millisecond latencies and high availability. Furthermore, data scientists gain the flexibility to perform the entire data science loop (data cleaning and analysis, feature engineering, model training and testing) within the Feedzai platform, or augment the process by importing an external model, leveraging the expertise of the broader data science ecosystem. Additionally, after creating or importing a model, users can leverage Feedzai’s AI tools to boost detection such as our automated rules engine, advanced link analysis, Risk ledger, and Genome.

“Over the last year, we’ve focused our product efforts on giving our customers the best possible tools, while giving them the flexibility to choose the tools and technology that make sense for their teams,” says Saurabh Bajaj, Feedzai’s SVP of Product. “This integration with DataRobot enables us to further open the Feedzai platform to powerful machine learning algorithms into our platform to offer even more of the world’s advanced AI tools to our customers. This is how we’re democratizing AI for our customers. ”

According to Seann Gardiner, SVP of Business Development at DataRobot: “Our partnership with Feedzai gives banks and other financial institutions the flexibility to use the machine learning technology and tools that best fit their needs. The combination of Feedzai’s impressive threat detection technology and our world-class automated machine learning capabilities create a best-of-breed solution to fight fraud with unprecedented accuracy.”

For more information and to schedule a demo of the product and tools in action, please see more information at: Request a Demo.

About DataRobot:
DataRobot is the category creator and leading provider of automated machine learning. Organizations worldwide use DataRobot to empower the teams they already have in place to rapidly build and deploy machine learning models and create advanced AI applications. With a library of hundreds of the most powerful open source machine learning algorithms, the DataRobot platform encapsulates every best practice and safeguard to accelerate and scale data science capabilities while maximizing transparency, accuracy and collaboration. By making data scientists more productive and enabling the democratization of data science, DataRobot helps organizations transform into AI-driven enterprises. With offices around the globe, DataRobot is backed by $225 million in funding from top-tier firms, including New Enterprise Associates, Sapphire Ventures, Meritech and DFJ. For more information, visit www.datarobot.com, and join the conversation on Twitter and LinkedIn.

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 will continue investing in strengthening its global leadership position including a planned 150% increase in headcount throughout 2017

Feedzai, the leader in using artificial intelligence (AI) to empower enterprises to manage risk and fight fraud in real-time, announced today that it has closed $50 million in new funding including a Series C round from an undisclosed investor, in addition to funding from existing investor Sapphire Ventures. Leading financial institutions that back Feedzai technology include Citi, Capital One, First Data, and other global brands.

“Our vision is to serve all of the leading banks and merchants that drive the majority of money movement worldwide,” said Nuno Sebastiao, Feedzai CEO and co-founder. “We’ve made major headway on our vision in the last year, and this new round of funding will help us accelerate our growth as we continue to invest in the top people, as well as the most advanced data science and machine learning technology, to make banking and commerce safe across the globe.”

Feedzai’s machine learning technology and its omnichannel fraud prevention solutions serve customers that transact in virtually every country in the world, for numerous use cases for leading banks and merchants. Feedzai is on track to more than double its headcount this year from where it was at the end of 2016, planning to reach 300 employees by the end of 2017. The company has added key sales leaders worldwide, including hiring former Box SVP Jim Priestley as Chief Revenue Officer.

“Fraud is and will continue to be a critical issue as more business is transacted digitally,” said Anders Ranum, venture partner, Sapphire Ventures. “Feedzai’s proprietary platform puts the power back in the hands of merchants, issuers and payment networks to manage risk while improving topline revenue. We’re excited to continue supporting Feedzai to help them grow further.”

This new funding brings the total venture capital raised to $82 million from nine major investors also including Oak HC/FT, Capital One Growth Ventures, Citi Ventures, and others.

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 Woz” and Dr. Kaku will be joined by industry and thought leaders who will speak at the artificial intelligence-focused event on Oct. 22 in Las Vegas

AI Deep Dive, an artificial intelligence-focused event at Money20/20 in partnership with Feedzai, is bringing together top thought leaders, such as Apple co-founder Steve Wozniak, theoretical physicist and futurist Dr. Michio Kaku, as well as 20+ AI experts from companies such as Square, NVIDIA, and many others.

“Artificial intelligence is going to help us have better human lives,” said Steve Wozniak. “To do that, it requires bringing together, at events like AI Deep Dive, the real people behind the technology. I am looking forward to speaking at this year’s event to the creators, thinkers and doers who are shaping this technology.”

AI Deep Dive takes place 9 a.m. to 3 p.m. on Sunday, Oct. 22, to kick off the 6^th annual Money20/20 conference, which is held from Oct. 22 – 25 at The Venetian, Las Vegas. Last year’s Money20/20 was attended by 11,000+ Payments and Financial Services industry leaders from around the world.

“We wanted to create a ‘Davos of AI’ as a way to showcase some of the most important trends in AI today,” said Nuno Sebastiao, Feedzai co-founder and CEO. “By partnering with Money20/20 to power the content and speakers for AI Deep Dive, we’re bringing together the legendary technology leaders such as Wozniak and Dr. Kaku who are behind the pivotal technological ideas that are shaping society.”

“AI Deep Dive aligns with Money20/20’s vision of creating an event that is driving world-wide ecosystem value and delivering world-class content in this space,” remarks Tracey Davies, President of Money20/20. “We are delighted to partner with Feedzai to bring our attendees thought-leadership content focused on AI and its importance to leaders in the Fintech ecosystem.”

To learn more about AI Deep Dive, and to register for Money20/20, please visit: https://us.money2020.com/ai-deep-dive

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]