Feedzai Named Best in Class in Fraud and Anti-Money Laundering Vendor Market by Analyst Firm Aite Group
Aite Group, the premier analyst firm focused on banking and payments, named Feedzai the best in class in the vendor market for helping banks, merchants and payment processors fight fraud and AML. The report focused on areas such as technology and domain expertise, scalability, flexibility, and customer references. The analyst firm named Feedzai as the market leader based on the Feedzai platform’s “flexible range of machine learning model development and deployment mechanisms” and “diverse range of data science expertise, resources, and client needs across the financial services industry.”
Aite Group’s 2019 fraud and AML vendor report highlighted how Feedzai’s technology empowers data scientists at financial institutions to build their own models in Feedzai’s platform. The report also discussed how flexible Feedzai’s product use cases are including Transaction Fraud for Banks, Acquirers and Processors, and Merchants, as well as Account Opening and Anti-Money Laundering. This and other outcomes of Feedzai’s 24% annual spend on research and development make Feedzai the most advanced machine learning solution in Enterprise Risk Management.
Feedzai’s recent history of product innovations added to the position. The report zeroed in on Feedzai AutoML, Feedzai’s revolutionary tool that supercharges data scientists’ work by automating feature engineering and other time-consuming parts of the data science loop in fighting financial crime. Other recent innovations include:
- Feedzai OpenML
- Giving data scientists the flexibility to build and import models in any language, using any library, and on any platform, directly into the Feedzai platform.
- Feedzai Genome
- An advanced detection system, giving fraud investigators and analysts an intuitive way to find and visualize complex financial crime patterns using machine learning and link analysis graph technology.
- Feedzai Risk Ledger
- Financial crime prevention at scale by taking advantage of insights derived using federated data from Feedzai’s diverse customer base and third-party vendors.
Nuno Sebastiao, Feedzai co-founder and CEO, says: “Feedzai is committed to continually developing revolutionary products that can manage risk across the entire banking ecosystem. We also work hard to ensure our clients are successful, and are proud that Aite has recognized how important that customer support and experience is in being a market leader.”
In 2019, Feedzai will continue to focus on product and technology innovations including automation, explainability, and advanced machine learning methods. These innovations will continue to give financial institutions the tools not just to fight financial crime, but to upgrade their customer experience and product journey. Feedzai also continues to expand across the globe with offices across the US, Europe, and Asia, and with clients in nearly every corner of the world.
To access a complimentary copy of Aite Group’s Fraud Prevention and AML Vendor Report, please click here.
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.
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