Headquartered in the U.S. and U.K. and with offices in Atlanta, Cambridge and London, Featurespace™ is the world-leader in risk prevention and creator of the ARIC™ platform, a real-time AI machine learning software that risk scores events in more than 180 countries to prevent fraud and financial crime. The ARIC platform combines unique Adaptive Behavioral Analytics and anomaly detection to automatically identify risk and catch new fraud attacks and suspicious activity in real time. The increased accuracy of understanding 'good' behavior strikes the balance between improving the detection of suspicious activity, while also reducing the number of false alerts, to improve operational efficiencies.
Humans intuitively profile people we know over time – adapting our sense of normal patterns of behavior and if we spot someone behaving out of character, we reach out. Featurespace’s Adaptive Behavioral Analytics technology works in the same way. ARIC Risk Hub offers 7 machine learning solutions for fraud and Anti-Money Laundering analysts to spot suspicious activity and prioritize alerts with explainable anomaly detection. At the same time, ARIC Risk Hub recognizes genuine customers without blocking their activity, reducing friction. Our self-learning models are truly adaptive and continue improve over time, removing the need to retrain.
Featurespace works with 23 major banks globally including 5 leading banks in the UK. Customers include TSYS, Worldpay, Danske Bank, HSBC, Contis, IATA and NatWest.