Leumi Card To Use Feedzai’s Artificial Intelligence Platform to Fight Fraud

June 21, 2017

Leumi Card To Use Feedzai’s Artificial Intelligence Platform to Fight Fraud

AI that is controllable, delivering better customer experiences through real-time machine learning

San Mateo, Calif. – June 21, 2017 – Leumi Card, one of Israel’s leading consumer credit card service providers, will implement Feedzai’s Artificial Intelligence (AI) platform to enhance its fraud detection and prevention capabilities, while continuing to provide a frictionless omnichannel experience for its customers.

“Fraud mitigation tools have not kept pace with today’s mobile-enabled, always-connected consumers,” said Gilead Kehat EVP Human resources and staff of Leumi Card, “Our customers demand an omnichannel experience whether it’s in person, online or via mobile devices. Feedzai’s agile machine learning platform helps predict and prevent fraud before it impacts our customers. We are continuing to deliver on our promise to provide the best banking experience today and into the future, by investing in tomorrow’s technology.”

Feedzai’s technology utilizes machine learning that allows users like Leumi Card to create profiles of normal behavior, and flag instances of abnormal behavior, to detect and prevent criminal threats in real time with high accuracy. Feedzai is making artificial intelligence attainable by allowing banks to build, train, test and deploy their own models all on the same platform, helping clients to prepare for the unknown. With whitebox processing, Feedzai’s artificial intelligence platform also provides a human-readable semantic layer onto the underlying machine logic, putting humans in charge of the machine.

“Feedzai is pioneering artificial intelligence that is attainable and accessible, AI like running water, a new utility for humans.” said Nuno Sebastiao, CEO of Feedzai, “AI that is explainable and puts humans in control is transforming the financial industry, and we are excited to be working with Leumi Card to help provide experiences that are not only secure, but frictionless across any device.”

 

About Leumi Card
Leumi Card is one of Israel’s largest credit card companies and is a leader and innovator in this field. The Company provides a full range of issuing and acquiring services, including both payment solutions and lines of credit. Leumi Card has issued 2.4 million active credit cards (Visa and MasterCard brands) and provides acquiring services for more than 40,000 merchants. The Company offers a wide range of financial services including loans, credit solutions and flexible payment options and clearing.

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 AI: LEARN MORE AT CNP 2017

May 22, 2017

FEEDZAI IS AI: LEARN MORE AT CNP 2017

FEEDZAI IS AI – VISIT US AT THE CNP EXPO 2017 AT BOOTH #327

Attainable, Explainable, and Controllable Artificial Intelligence

Orlando, FL May 22, 2017 – Feedzai, a leader in attainable AI for real-time risk management and fraud detection across banking and ecommerce, announced its participation in CNP EXPO 2017, May 22 – 25th in Orlando, FL.

CNP EXPO 2017: Transform your fraud and payment risks into revenue at the CNP Expo. Network and connect with other Card-Not-Present professionals. With over 50+ hours of education for ecommerce newcomers and veterans, learn how to leverage CNP Payments in an increasingly multi-channel retail sales environment.

Merchants today face hyper growth that extend beyond traditional channels. The lines are blurring between points of payment and points of fulfillment with consumers opting to shop online using multiple devices and picking up at locations that are not associated with their billing or home address. The shift in consumer behavior has created the necessity to build customer insights across different touchpoints and engagement channels. AI is the foundation for building customer intelligence at scale.

Feedzai is AI. Created for omnichannel merchants with omnidata capabilities, Feedzai is an agile machine learning platform built to meet the fraud needs of the entire organization. Extending beyond static rules based system, Feedzai adopts a hybrid approach that combines the power of machine learning with a rules engine to mitigate risk associated with known and unknown fraud. Feedzai’s machine learning platform unlocks the intelligence in transactional data along with enrichment data for a more complete, accurate picture of customer behavior. The result is better detection and fewer false rejects.

To find out more, meet a few of our Feedzai AI ambassadors at CNP EXPO 2017 May 23 – 24th. Visit Feedzai at Booth #327 to learn more about fighting fraud with AI and be entered to win a Nike backpack. We will be giving away Nike Hoops Elite Max Air Team 2.0 Basketball Backpacks.

 

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 AI: LEARN MORE AT CO-OP THINK 2017

May 8, 2017

FEEDZAI IS AI: LEARN MORE AT CO-OP THINK 2017

Dr. Pedro Bizarro addresses fraud faced by CO-OP Credit Union members

New York, NY May 08, 2017 – Feedzai, a leader in attainable AI for real-time risk management and fraud detection across banking and ecommerce, announced its participation as a show presenter for THINK 17, 08-11 May in New York, NY.

THINK 2017: TRANSFORM HOW YOU—AND YOUR CREDIT UNION—PREPARE FOR THE FUTURE.Disruption is all around us. And the challenge of increasingly agile, digital-centric, customer-focused financial companies means it’s time for credit unions to transform to continue to deliver on member expectations.

Join Feedzai team members Phong Rock, Mark Anderson, and Pedro Bizarro at THINK 2017.

Be sure to attend the Networking Luncheon on Wednesday, May 10 or attend a session to learn more about fighting fraud with AI:

Tuesday, May 9:

  • Transformation Track 2 panel from 2:30pm-4:30pm

The theme of this session is “Moving to Top of Wallet While Fighting Fraud: How To Create a Seamless and Secure Payments Experience”.

Wednesday, May 10:

  • State of the Industry panel from 8:00am-8:45am

The theme of this session is “Relentless Security”.

  • Transformation Track 2 panel from 4:00pm-5:30pm

The theme of this session is “Moving to Top of Wallet While Fighting Fraud: How To Navigate the Payments Landscape to Deliver on the Promise”.

Each day, over $3 Billion of commerce and payment transaction volume goes through Feedzai’s technology platform. For two straight years, Feedzai has been recognized by Tech Tour as one of Europe’s top 50 fastest growing startup.

 

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 Real Machine - a Deep Dive on AI Engages San Francisco Members of BayPay Forum

March 8, 2017

Feedzai Real Machine - a Deep Dive on AI Engages San Francisco Members of BayPay Forum

San Mateo, Calif. – March 8, 2017

SAN MATEO, Calif.–(BUSINESS WIRE)–Feedzai, a leading data science company shaping the future of fraud detection in commerce, and BayPay Forum, a leading business and event network for payment, commerce and Fintech executives, hosted an engaging evening at Wells Fargo to discuss the real world application of AI across payments and banking.

According to Tim Sloan, Wells Fargo CEO and President, AI is featured as one of the five areas of innovation that will shape the future of banking.

Feedzai’s REAL MACHINE series brings together data scientists from leading payments companies to learn about AI and machine learning and their application in the fintech industry. The AI deep dive strives to share best practices and exchange ideas for solving issues with moving modern money.

The subject matter experts on the AI/ML panel discussed the impact that AI and deep learning methodologies would have on the future of business. They also discussed the continued need for Human + AI interaction to achieve the best results.

“Looking ahead, we believe data analytics will be the key competitive advantage in the financial services industry,” said Eric Greene, Lead AI engineer at Wells Fargo. “To realize its full potential, the industry must develop processes and infrastructure that make data smart and improve the customer experience.”

Petros Zerfos, Senior Research Scientist, said, “The aim is not to remove the humans. On the contrary, humans are necessary to provide supervision, to leverage the results AI can produce. AI is augmenting what human capabilities already are. The final decision is always the human’s.”

Pedro Bizarro, CSO at Feedzai, also emphasized the role that humans play in any AI system. “There will always be humans in the loop, because you need to calibrate and provide feedback to the models. Otherwise the model will degrade over time. The other perspective is from the user of AI. The user doesn’t mind a god-like system if it’s curing cancer. But if that god-like system is following the user around the supermarket, personalizing ads and pricing, then it becomes too creepy and too powerful. So there is always the context to consider. What we want to do with the system depends on how powerful it should be.”

Feedzai’s technology is built using machine learning and artificial intelligence that adapts with the detection of new malicious threats at scale, helping business customers make data-backed decisions and de-risk commerce transactions in real time.

“When it comes to banking and e-commerce, the REAL MACHINE AI Deep Dive panelists represent the industry’s best cross section of AI/ML thought leaders,” said Nuno Sebastiao, Feedzai’s co-founder and CEO. “Feedzai’s REAL MACHINE puts the folks on the front lines of AI ahead of the curve so they can anticipate and address the needs of the data scientists creating the models, as well as the general public, who benefit from the advanced decision making capabilities that AI offers. Smart AI/ML practitioners coming together in one room increase the opportunities for making AI approachable.”

 

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 and Merchant Risk Council (MRC) Partner to Advance AI Capabilities to Fight Fraud

February 21, 2017

Feedzai and Merchant Risk Council (MRC) Partner to Advance AI Capabilities to Fight Fraud

San Mateo, Calif. – Feb 21, 2017

SAN MATEO, Calif.–(BUSINESS WIRE)–Merchant Risk Council, the leading global trade association for ecommerce fraud and payments professionals, has today confirmed its selection of Feedzai as the headline sponsor for MRC Vegas 2018. The partnership signifies MRC’s commitment to spearhead solutions for the next generation of retail and risk by bringing together science and technology.

Consumers’ transactional preferences have been moving to online and blurring the lines between digital and traditional brick and mortar environments. With burgeoning data volume, it is imperative that merchant risk solutions adapt to new omnichannel approaches that self-adapt to changing behavior and patterns instead of relying on rigid pre-coded decision points.

“Making big moves that reduce risk profiles for merchants has always been the focus for MRC and the reason why we seek out partners like Feedzai,” said Danielle Nagao, CEO MRC. “It is our goal to deliver leading thought leadership programs that will educate and motivate risk professionals to prepare for what’s next.”

“When it comes to e-commerce, the MRC membership represents the best in terms of expertise and brainpower,” said Nuno Sebastiao, Feedzai’s co-founder and CEO. “Through Feedzai’s partnership with MRC, we’re very excited to be able to add our expertise in artificial intelligence to their ‘human’ knowledge pool.”

Feedzai’s technology is built using machine learning and artificial intelligence that adapts with the detection of new malicious threats at scale, helping business customers make data-backed decisions and de-risk commerce transactions in real-time. The innovative Whitebox Explanations™ is a human-friendly semantic layer that helps analysts make informed decisions confidently. Only Feedzai’s Segment of One™ profiling capability delivers the optimal customer experience while reducing friction when banking or shopping, in any channel or on any device.

As a bonus, for all the thought leaders and experts prepping for the Merchant Risk Council (MRC) events in Las Vegas (March 13-16, 2017) and London (April 24-26, 2017), Feedzai today announced it is supporting the events by providing exclusive Nike jackets to MRC speakers.

“We admire and respect all the thought leaders in our ecosystem, so we’re outfitting speakers with the official MRC speakers jacket,” said Loc Nguyen, CMO at Feedzai. “This exclusive item is our way of recognizing your contribution and for sharing your knowledge because, no matter what organization we’re coming from, we’re all gathering at MRC to keep commerce safe.”

 

About the MRC:
The MRC is a global trade association providing a platform for eCommerce fraud and payments professionals to come together and share information. As a not-for-profit entity, the MRC’s vision is to make commerce safe and profitable everywhere by offering proprietary education, training, events and networking opportunities as well as a forum for timely and relevant discussions. The MRC was launched in 2000 at the start of the eCommerce boom by a small group of industry professionals from leading consumer brands, with the ultimate goal of combating online fraud in the card-not-present space. Since its inception, the MRC has also added online payments to its portfolio, expanding its presence further into e-commerce. The MRC is headquartered in Seattle, WA and has an office in Dublin, Ireland.

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]


Citi Ventures Makes Strategic Investment in Feedzai

October 19, 2016

Citi Ventures Makes Strategic Investment in Feedzai

San Mateo, Calif. – Oct 19, 2016

Feedzai, a leading data science company shaping the future of fraud detection in commerce, today announced the close of a strategic investment from Citi Ventures, which accelerates innovation and growth at Citi. This investment will enable Feedzai to continue to expand its offerings to commerce and banking systems in new geographies.

Investment will support Feedzai’s continued expansion of offerings to the financial services ecosystem

Feedzai’s next generation machine learning platform evolves to scan large amounts of data and recognize continuously evolving threats as they emerge, alerting customers in real-time to protect against fraud.  Feedzai also offers user-friendly, omni-channel support to protect consumers on the digital platform where they choose to engage with banking or commerce. With its investment in Feedzai, Citi Ventures will support the development and commercialization of new solutions with the potential to transform how to identify and prevent malicious activity in financial services. Feedzai joins Citi Ventures’ existing portfolio of leading companies like Jet.com, Square, Appboy and Chef.

“As cyberattacks become increasingly sophisticated, investing in technologies that have the potential to advance security for our customers’ financial lives is a priority,” said Ramneek Gupta, Managing Director and co-head of Venture Investing at Citi Ventures. “Our investment in Feedzai will help support the continued development of their unique machine learning platform, which provides the ability to identify new and emerging threats and protect bank customers at scale.”

“This investment will help Feedzai continue to develop next generation security services that transcend data and business silos throughout the commerce ecosystem,” said Nuno Sebastiao, CEO and co-founder of Feedzai. “One of the drivers behind Feedzai’s partnership with Citi Ventures was the opportunity to actively collaborate and forge new relationships to continue to scale our offerings. Citi Ventures will be a partner to advance what we see as the new knowledge economy, helping us forge the cognitive revolution.”

Feedzai’s technology is built using machine learning and artificial intelligence that adapts with the detection of new malicious threats at scale, helping business customers make data-backed decisions and de-risk commerce transactions in real-time. The innovative Whitebox Explanations™ is a human-friendly semantic layer that explains every decision with plain readable text. Only Feedzai’s Segment of One™ profiling capability delivers the optimal customer experience while reducing friction when banking or shopping, in any channel or on any device.

 

About Citi Ventures
Citi Ventures accelerates innovation at Citi through a strategic focus on investing in, piloting and commercializing new solutions with the potential to transform the future of financial services. Headquartered in Silicon Valley with offices in San Francisco and New York, Citi Ventures aims to cultivate next-generation experiences for Citi’s customers by investing in startups, experimenting with new technologies through its global lab network, and driving enterprise-wide, lean startup-based growth initiatives across Citi’s businesses. The team focuses in five key areas: Financial Services & Technology, Commerce & Payments, Security & Enterprise IT, Big Data & Analytics, and Marketing & Customer Experience. Citi Ventures accelerates its portfolio companies’ ability to scale through collaboration with Citi’s global businesses and industry experts. For more information visit: http://ventures.citi.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]


Americans Would Rather Break a Bone Than Have Identity Data Stolen

May 11, 2016

Americans Would Rather Break a Bone Than Have Identity Data Stolen

San Mateo, Calif. – May 11, 2016 – Just how much do Americans want to shield their data? Sticks and stones may break their bones but they’d rather have that (18 percent) than get their identity and payment information stolen. According to a survey conducted online by Harris Poll on behalf of Feedzai, a data science company that uses real-time, machine-based learning to analyze big data and minimize risk in the financial industry, 59 percent of Americans say it is never acceptable for a company to use or access their personal data without their permission, while 29 percent say it’s OK if it’s when national security is at stake. In the aftermath of the Apple controversy, it looks as though more Americans would side with Apple when it comes to their data and whom it’s shared with, and when.

Feedzai Reveals Consumer Distrust with Companies and Organizations Handling Personal Information in Harris Poll

“Personal data and who and when it’s shared with has been a hot topic of discussion and it’s an issue we take very seriously as a data science company,” said Nuno Sebastiao, Feedzai CEO and co-founder. “While consumers may not think about the complex wiring and plumbing of companies and organizations and how they wheel and deal personal data, there is an expectation that they’re using the latest technology, such as machine learning, to protect it. While trust with merchants and companies is varied from person to person, all of these organizations need to live up to the expectation by not breaking consumer trust.”

The “Consumer Trust Survey: Data in the Hands of Companies and Government” was conducted online by Harris Poll on behalf of Feedzai from April 4-6, 2016 among 2,143 U.S. adults age 18 and older. Further results include:

Would you rather

In addition to bone breaks, Americans would rather suffer through a number of unpleasant activities than have their identity and payment information stolen.

·         A hangover (44 percent)

·         Endure a daily, long commute to work (35 percent)

·         Be cheated on by a significant other (12 percent)

·         Get evicted (9 percent)

Poking under the hood

Whether personal, national or company security is at stake, the majority of Americans believe it is never acceptable for companies to use their personal data and accounts without their permission.

·         While 41 percent say it is acceptable for a company to use/access their personal data without their permission in certain circumstances, 59 percent say it’s never acceptable.

·         About 30 percent of Americans think it’s acceptable to share their personal data if national or personal security is at stake (29 percent and 28 percent, respectively). Less than 1 in 10 say it’s acceptable if a company’s security is at stake (9 percent).

Trust issues

There’s irony in where Americans most trust their data. The entities and organizations they trust the most may be doing the least in data monetization. One in four (25 percent) Americans trust banking sites and 13 percent trust government entities the most with their personal data. A mere 2 percent or less trust each of the following types of companies: mobile phone manufacturers (2 percent), search engines (2 percent), wireless providers (2 percent), big corporations (1 percent) and social media sites (1 percent).

·         Less than 1 percent trust these companies: mobile gaming apps, mobile sharing apps.

·         More than half (51 percent) do not trust any company or organization with their data.

Risky business

Americans are most suspicious of the devices they own versus devices they do not own. Only 23 percent of Americans think they are most at-risk for fraud when using a Point-of-Service (POS) device in a retail location, while 44 percent think using their own smartphones, desktop/laptop, tablet or standard mobile phone put them at higher risk for fraud.

·         Nearly one fourth (23 percent) of Americans say a POS device is most at risk for fraud.

·         Smartphones topped the list of personal devices Americans think are at most risk for fraud (22 percent), followed by desktop/laptop (17 percent), tablet (2 percent) and standard mobile (2 percent).

Data > Personalization

Less than one in five (17 percent) Americans would be more likely to give companies more access to their personal information saved on their phone or computer if it meant they received better marketing offers and personalization. Folks in the West are more likely to say this (22 percent) than those in the Midwest (14 percent). College graduates (22 percent) are more likely to indicate this than those with less than a college degree (14 percent) and parents of children under age 18 in the household (34 percent) are more likely to say this than those who aren’t (11 percent).

Personalization doesn’t mean squat. More than eight in 10 (83 percent) Americans are unlikely to give companies more access to their information in exchange for better marketing or personalization.

Check here if you agree…

More than two in three Americans are more likely to read the Terms of Agreement or Terms & Conditions of a major company, retailer or brand when there has been a security breach in the news, or if they know someone personally affected by a security breach at said company (68 percent, each).

Fear the hacker

Just under half (42 percent) of Americans are most afraid of their social security number being stolen by a hacker, followed by banking login information (28 percent) and credit card information (15 percent).

Survey Methodology

This survey was conducted online within the United States by Harris Poll on behalf of Feedzai from April 4-6, 2016 among 2,143 U.S. adults age 18 and older. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. For complete survey methodology, including weighting variables, please contact Stephanie Cooley at [email protected] or 415-254-0318.

 

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 Brings On Head Of Sales For U.S.

April 5, 2016

Feedzai Brings On Head Of Sales For U.S.

San Mateo, Calif. – April 5, 2016 – Feedzai, a data science company that uses real-time, machine-based learning to analyze big data and minimize risk in the financial industry, announces the addition of Anthony Lanham to its leadership team. Lanham will become the head of sales in North America. Globally, the company has more than doubled its staff over the past year, and Lanham will be tasked with continuing to fuel the company’s 300 percent year over year (YOY) growth and building out the company’s sales strategy and team.

Industry Veteran, Anthony Lanham, Joins Team to Shepard North American Sales Growth

“Feedzai is proud to be able to attract the best and brightest talent,” said Nuno Sebastiao, CEO of Feedzai. “Anthony brings with him a vast array of industry knowledge both in the financial services as well as in igniting successful sales strategies. We are excited to have him as part of our team.”

Before joining Feedzai, Lanham worked at Jumio, an identity verification company, where he led development efforts that poised the market for online identity verification. During his three-year tenure, he and his team consistently grew the company 300% YOY throughout the finance, travel and shared services markets with companies such as Western Union, United Airlines and Airbnb.

Prior to Jumio, Lanham worked at Dunn & Bradstreet for over 15 years, starting out as an inside sales representative and then leaving as the Vice President of Sales. Known as a credit information services company, Lanham created a disruptive business model to help big companies like Amazon, Microsoft, Google and Expedia mitigate and lessen the impact of “credit card chargebacks.”

“Fraudsters are more sophisticated than ever, but Feedzai’s machine learning fraud platform is lightyears ahead of the industry,” said Anthony Lanham, head of sales for Feedzai. “My goal is to maintain the company’s aggressive growth path, build out a strong team and continue to sell into issuing banks, acquiring banks, payment service providers and large e-commerce players. I am thrilled to be part of the team and look forward to introducing our future clients to the most advanced machine learning fraud system that exists today.”

 

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

January 27, 2016

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

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

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

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

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

 

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]