Featurespace™ is the world-leader in Adaptive Behavioural Analytics and creator of the ARIC™ Fraud Hub, a machine learning software system developed out of the University of Cambridge. ARIC™ Fraud Hub uses anomaly detection to analyse complex behavioural data in real time, for fraud and risk management.
Humans intuitively profile people we know over time – adapting our sense of normal patterns of behaviour. If we spot someone behaving out of character, we reach out. Featurespace’s adaptive behavioural analytics technology works in the same way.
ARIC builds individual statistical profiles for every individual customer, spotting new fraud as it occurs, simultaneously reducing genuine transactions declined by over 70% and improving operational efficiencies over 50%. In-session monitoring and link analysis enable real-time customer understanding.
Head quartered in Cambridge, UK, with additional offices in London, UK, and Atlanta, GA in the USA, Featurespace has deployed ARIC to organisations that have services or products deployed in over 180 countries. Customers include Worldpay, Danske Bank, Contis, IATA, Clear Bank, PaddyPowerBetfair, and TSYS, the largest third-party processor of Visa® and Mastercard® credit cards in the U.S.