{"id":131881,"date":"2024-04-25T13:15:54","date_gmt":"2024-04-25T13:15:54","guid":{"rendered":"https:\/\/feedzai.com\/?post_type=pressrelease&p=131881"},"modified":"2024-04-25T13:58:41","modified_gmt":"2024-04-25T13:58:41","slug":"feedzai-concludes-record-breaking-fiscal-year-2024-delivering-cash-flow-positive-results-with-growth-acceleration-led-by-88-growth-in-behavioral-biometrics-solutions","status":"publish","type":"pressrelease","link":"https:\/\/feedzai.com\/pressrelease\/feedzai-concludes-record-breaking-fiscal-year-2024-delivering-cash-flow-positive-results-with-growth-acceleration-led-by-88%25-growth-in-behavioral-biometrics-solutions\/","title":{"rendered":"Feedzai Concludes Record-Breaking Fiscal Year 2024: Delivering Cash-flow Positive Results with Growth Acceleration Led by 88% Growth in Behavioral Biometrics Solutions"},"content":{"rendered":"
[vc_row row_height_percent=”0″ override_padding=”yes” h_padding=”2″ top_padding=”2″ bottom_padding=”0″ overlay_alpha=”50″ gutter_size=”3″ column_width_percent=”100″ shift_y=”0″ z_index=”0″][vc_column column_width_percent=”100″ gutter_size=”3″ overlay_alpha=”50″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ medium_width=”0″ mobile_visibility=”yes” mobile_width=”0″ width=”2\/12″][\/vc_column][vc_column column_width_percent=”100″ position_horizontal=”left” gutter_size=”2″ overlay_alpha=”50″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ medium_width=”0″ mobile_width=”0″ width=”8\/12″][uncode_info_box items=”Date” el_id=”data-box”][vc_custom_heading auto_text=”yes” text_color=”color-853579″ text_size=”h1″ text_weight=”700″ uncode_shortcode_id=”468776″ text_color_type=”uncode-palette”]Feedzai joins Global Anti-Scam Alliance[\/vc_custom_heading][\/vc_column][vc_column column_width_percent=”100″ gutter_size=”3″ overlay_alpha=”50″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ medium_width=”0″ mobile_visibility=”yes” mobile_width=”0″ width=”2\/12″][\/vc_column][\/vc_row][vc_row row_height_percent=”0″ override_padding=”yes” h_padding=”2″ top_padding=”2″ bottom_padding=”3″ overlay_alpha=”50″ gutter_size=”3″ column_width_percent=”100″ shift_y=”0″ z_index=”0″][vc_column column_width_percent=”100″ gutter_size=”3″ overlay_alpha=”50″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ medium_width=”0″ mobile_visibility=”yes” mobile_width=”0″ width=”2\/12″][\/vc_column][vc_column width=”8\/12″][vc_column_text uncode_shortcode_id=”167253″]<\/p>\n
San Mateo, Calif: Lisbon, Portugal: 25th April 2024<\/b>: <\/span>Feedzai<\/span><\/a>, a leading provider of financial crime and risk management solutions, today announced record-breaking results for its 2024 fiscal year, delivering a strong combination of revenue growth acceleration and positive free cash flow margins. Business expansion was highlighted by the rapid expansion of Feedzai\u2019s behavioral biometrics business, which grew 88% year-over-year.<\/span><\/p>\n The global cost of online payments fraud is expected to grow by 140% by 2028, according to a recent study by <\/span>Juniper Research.<\/span><\/a> Against this epidemic of rising financial crime levels worldwide, regulators are increasing enforcement and penalties, resulting in growing anti-money laundering (AML) fines and compliance costs.\u00a0\u00a0<\/span><\/p>\n Feedzai\u2019s RiskOps platform addresses these challenges, protecting people and payments with a comprehensive suite of AI-based solutions designed to stop fraud and financial crime. Today, Feedzai solutions help defend over 1 billion people from financial crime, safeguarding more than $6 trillion in transactions each year, while helping financial institutions reduce their growing costs of AML compliance. Feedzai\u2019s AI-based technology helps businesses fight fraud across the entire risk-cycle, from new account creation and customer onboarding, to payments and other transactions, to ongoing regulatory\u00a0 compliance.<\/span><\/p>\n Feedzai <\/span>closed several landmark transactions<\/b> in FY24, including:<\/span><\/p>\n In addition, Feedzai introduced major product and technology improvements to extend its RiskOps vision, notably among these:<\/span><\/p>\n In FY24, Feedzai\u2019s product and technology excellence received <\/span>significant recognition from industry analysts<\/b>, including Datos Insights, Frost & Sullivan, Chartis, and Quadrant Knowledge Solutions.<\/span><\/p>\n Nuno Sebastiao, CEO of Feedzai said:<\/b> \u201cThe past year was a successful one for us as we\u2019ve significantly expanded both our operations and product offering, while delivering strong positive cash flow. The need for our RiskOps solutions continues to grow as criminals become more sophisticated, leveraging new technologies like generative AI, and as fraud levels continue to rise globally. As a result, we\u2019re laser-focused on helping our customers succeed by providing the world\u2019s best RiskOps technology and expertise, so they can deliver innovative banking solutions secure from financial crime.<\/em>\u201d<\/span><\/p>\n Notes to editors: About Feedzai: Feedzai is the world\u2019s 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<\/span> feedzai.com<\/span><\/a>.<\/span><\/b>[\/vc_column_text][\/vc_column][vc_column column_width_percent=”100″ gutter_size=”3″ overlay_alpha=”50″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ medium_width=”0″ mobile_visibility=”yes” mobile_width=”0″ width=”2\/12″][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":" [vc_row row_height_percent=”0″ override_padding=”yes” h_padding=”2″ top_padding=”2″ bottom_padding=”0″ overlay_alpha=”50″ gutter_size=”3″ column_width_percent=”100″ shift_y=”0″ z_index=”0″][vc_column column_width_percent=”100″ gutter_size=”3″ overlay_alpha=”50″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ medium_width=”0″ mobile_visibility=”yes” […]<\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"_acf_changed":false,"inline_featured_image":false},"acf":[],"yoast_head":"\n\n
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\n<\/b>For more information, contact: <\/b>Roopa Ramaiya, VP Communications, Feedzai. <\/span>roopa.ramaiya@feedzai.com<\/span><\/a>\u00a0<\/span><\/p>\n