For the uninitiated, Featurespace has developed market-leading solutions to fight the problem using real-time machine learning software powered by its innovative Adaptive Behavioral Analytics.

 

The company’s ARIC Risk Hub is today deployed in some of the world’s largest banks, payments processors and merchant acquirers. As it continues to flourish from its Atlanta base, Featurespace’s prowess has grown to an extent that it has a lot more than Georgia on its mind. 

 

Atlanta was almost burned to the ground by General Sherman in the American Civil War but today Featurespace’s technological prowess is carrying a new torch across the State and the nation and negativity over financial criminals has long since gone with the wind.

 

Atlanta’s GDP alone is beyond $400 billion so add the financial firepower of America’s other 49 States and it is easy to see why Featurespace is in such hot demand on that side of the Atlantic.

 

Featurespace is able to meet market demand not simply through innovative technology but also because its market intel in the space provides customers with such peace of mind and makes fraudsters think twice.

 

As an example of its influencing role, in September Featurespace will be launching the first ever financial crime industry trends report for North America revealing insights into the rising fraud cases across the country. The report will provide data allied to the Federal Reserve FraudClassifier Model (www.federalreserve.gov/newsevents/pressreleases/other20200618a.htm).

 

This is a strategic initiative announced in 2020 encompassing a set of tools and materials to help provide a consistent way to classify and better understand the magnitude of fraudulent activity and how it occurs across the payments industry.