{"id":134179,"date":"2024-08-19T12:16:23","date_gmt":"2024-08-19T12:16:23","guid":{"rendered":"https:\/\/feedzai.com\/?p=134179"},"modified":"2024-08-19T12:17:42","modified_gmt":"2024-08-19T12:17:42","slug":"feedzai-recognized-by-chartis-risktech-ai-50-2024","status":"publish","type":"post","link":"https:\/\/feedzai.com\/blog\/feedzai-recognized-by-chartis-risktech-ai-50-2024\/","title":{"rendered":"Feedzai\u2019s AI Technology Earns Industry Recognition by Chartis"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row row_height_percent=&#8221;0&#8243; override_padding=&#8221;yes&#8221; h_padding=&#8221;2&#8243; top_padding=&#8221;1&#8243; bottom_padding=&#8221;2&#8243; overlay_alpha=&#8221;50&#8243; gutter_size=&#8221;3&#8243; column_width_percent=&#8221;100&#8243; shift_y=&#8221;0&#8243; z_index=&#8221;0&#8243;][vc_column width=&#8221;1\/1&#8243;][vc_row_inner][vc_column_inner width=&#8221;1\/12&#8243;][\/vc_column_inner][vc_column_inner width=&#8221;10\/12&#8243;][vc_single_image media=&#8221;134183&#8243; dynamic=&#8221;yes&#8221; media_width_percent=&#8221;100&#8243; uncode_shortcode_id=&#8221;787644&#8243;][\/vc_column_inner][vc_column_inner width=&#8221;1\/12&#8243;][\/vc_column_inner][\/vc_row_inner][vc_row_inner][vc_column_inner column_width_percent=&#8221;100&#8243; gutter_size=&#8221;3&#8243; overlay_alpha=&#8221;50&#8243; shift_x=&#8221;0&#8243; shift_y=&#8221;0&#8243; shift_y_down=&#8221;0&#8243; z_index=&#8221;0&#8243; medium_width=&#8221;0&#8243; mobile_visibility=&#8221;yes&#8221; mobile_width=&#8221;0&#8243; width=&#8221;2\/12&#8243;][\/vc_column_inner][vc_column_inner width=&#8221;8\/12&#8243;][vc_custom_heading heading_semantic=&#8221;h3&#8243; text_size=&#8221;h3&#8243; text_weight=&#8221;400&#8243; uncode_shortcode_id=&#8221;199295&#8243;]<span style=\"font-weight: 400;\">Feedzai, the world\u2019s first RiskOps platform, has secured a pair of critical recognitions by Chartis research. We are honored to be recognized as the top AI-driven <\/span><a href=\"https:\/\/feedzai.com\/solutions\/transaction-fraud\/\"><span style=\"font-weight: 400;\">anti-fraud platform<\/span><\/a><span style=\"font-weight: 400;\">. Feedzai also ranked in the top 5 on the overall AI list in the esteemed RiskTech AI 50 2024 ranking.<\/span>[\/vc_custom_heading][vc_column_text uncode_shortcode_id=&#8221;201982&#8243;]<span style=\"font-weight: 400;\">These latest recognitions highlight Feedzai\u2019s groundbreaking contributions to artificial intelligence and machine learning for enhanced financial risk management. As an AI-first organization, our risk technology is built to be highly responsive to new fraud and scam patterns.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Feedzai Places in Top 5 in RiskTech AI 50 2024 Report<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">It\u2019s an honor and a privilege to be recognized as the top AI-driven anti-fraud platform in the<\/span> <a href=\"https:\/\/www.chartis-research.com\/technology\/artificial-intelligence-ai\/7947208\/risktech-ai-50-2024\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Chartis Research<\/span><\/a><span style=\"font-weight: 400;\"> RiskTech AI 50 2024 report. This recognition highlights our commitment to helping the financial sector by providing real-time fraud detection and prevention that delivers unmatched accuracy using cutting-edge AI and machine learning technology.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We are equally honored to rank #4 overall in AI, especially in a competitive industry. This ranking highlights Feedzai\u2019s unique approach and contribution to fighting fraud and financial crime.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Leading Financial Services with an AI-first Mindset<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">This recognition is the result of Feedzai\u2019s AI-first origins. Since our inception, we\u2019ve built our technology with AI at its core, not as an afterthought. From Day 1, our platform has been designed with flexible, responsible, and well-governed AI models that set us apart in fraud and financial crime prevention.\u00a0<\/span>[\/vc_column_text][vc_single_image media=&#8221;130968&#8243; media_width_percent=&#8221;100&#8243; uncode_shortcode_id=&#8221;150211&#8243; media_link=&#8221;url:https%3A%2F%2Fhubs.la%2FQ02LHfZ60|target:_blank&#8221;][vc_column_text uncode_shortcode_id=&#8221;184053&#8243;]<span style=\"font-weight: 400;\">Many mature legacy systems were initially built long before AI and machine learning became prevalent. They operate using rules-only models and require re-engineering to integrate machine learning effectively, resulting in increased complexity.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Rules-based systems are still effective for long-standing fraud patterns such as<\/span> <a href=\"https:\/\/feedzai.com\/blog\/the-comprehensive-guide-to-account-takeover-fraud-prevention-and-detection\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">account takeover<\/span><\/a><span style=\"font-weight: 400;\"> attacks or<\/span><a href=\"https:\/\/feedzai.com\/blog\/card-not-present-fraud\/\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">card-not-present fraud<\/span><\/a><span style=\"font-weight: 400;\">. However, these systems often struggle to address more nuanced fraud typologies like authorized push payment fraud and scams. Legacy systems also struggle to support various use cases without compromising their original design during their AI adoption efforts.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Understanding customer behavior is increasingly important as this activity is highly complex and individualized. Rules alone struggle to address more nuanced fraud situations, such as purchase scams or elder fraud incidents.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Several patented technologies underpin Feedzai\u2019s technology, which is designed for a single purpose: fraud and financial crime prevention. We recognize that model-building in data science is a highly complex field. Our AutoML solution sits at the heart of our technology, enabling machine learning models to be<\/span> <a href=\"https:\/\/feedzai.com\/data-science-in-days-not-weeks-with-feedzais-automl\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">deployed in days<\/span><\/a><span style=\"font-weight: 400;\"> instead of weeks or even months.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Further Honors for Feedzai\u2019s Game-Changing AI Technology<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">This recognition from Chartis Research is further evidence of our commitment to keeping commerce and financial services safe using AI and machine learning. It\u2019s also the latest in a series of recognitions that confirm our position as a market leader in fraud prevention.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We were recently named a Leader in the<\/span> <a href=\"https:\/\/feedzai.com\/blog\/feedzai-is-a-leader-in-the-2024-idc-marketscape-for-enterprise-fraud-solutions\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">2024 IDC Worldwide Enterprise Fraud Solutions 2024 Vendor Assessment<\/span><\/a><span style=\"font-weight: 400;\">. The IDC MarketScape report noted that our solution is \u201cdesigned to be omnichannel, enabling its fraud solution to monitor different customer interaction methods. Feedzai utilizes real-time customer interaction and transaction data to increase accuracy and improve the customer experience.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, we were also recently named a Leading Contender in<\/span> <a href=\"https:\/\/feedzai.com\/resource\/feedzai-scores-high-in-behavioral-biometrics\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Datos Insights\u2019 Behavioral Biometrics Market Analysis<\/span><\/a><span style=\"font-weight: 400;\"> for our groundbreaking work in behavioral biometrics and device fingerprinting. Our biometrics solution was also recognized in the<\/span> <a href=\"https:\/\/feedzai.com\/resource\/feedzai-named-a-behavioral-biometrics-technology-leader\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">SPARK Matrix\u2122: Behavioral Biometrics, 2023<\/span><\/a><span style=\"font-weight: 400;\"> report from Quadrant Solutions.\u00a0<\/span>[\/vc_column_text][\/vc_column_inner][vc_column_inner column_width_percent=&#8221;100&#8243; gutter_size=&#8221;3&#8243; overlay_alpha=&#8221;50&#8243; shift_x=&#8221;0&#8243; shift_y=&#8221;0&#8243; shift_y_down=&#8221;0&#8243; z_index=&#8221;0&#8243; medium_width=&#8221;0&#8243; mobile_visibility=&#8221;yes&#8221; mobile_width=&#8221;0&#8243; width=&#8221;2\/12&#8243;][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Feedzai, the world\u2019s first RiskOps platform, has secured a pair of critical recognitions by Chartis research. We are honored to be recognized as the top AI-driven anti-fraud platform. Feedzai also ranked in the top 5 on the overall AI list in the esteemed RiskTech AI 50 2024 ranking.<\/p>\n","protected":false},"author":88,"featured_media":134192,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[76],"tags":[78,151],"acf":[],"yoast_head":"\n<title>Feedzai Recognized by Chartis RiskTech AI 50 2024 | Feedzai<\/title>\n<meta name=\"description\" content=\"Feedzai is recognized as the top AI-driven anti-fraud platform and ranks at #4 in the esteemed RiskTech AI 50 2024 ranking by Chartis.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/feedzai.com\/blog\/feedzai-recognized-by-chartis-risktech-ai-50-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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