Feedzai Expected to Pass $800 Million in Daily Payments Volume in 2015
Feedzai’s company roster is expected to double, which includes two strategic hires in order to extend reach of their platform—also opening a New York office.
Feedzai, a data science company that accesses real-time, machine derivative learning to assess big data and limit risk in the financial sector, announced that its algorithms are projected to analyze over $800 million in purchases in real-time daily.
The interest feature regarding the Feedzai platform is that with each transaction, the technology becomes “smarter”, helping banks, merchants, and payment processors minimize the risk of fraud within omni-channel commerce.
The company also celebrates with two additional strategic hires at the executive level, simultaneously opening an office in New York City dedicated to customer support specifically.
“Most of the world’s data has been created in the last two years, yet remains untapped. Feedzai’s solution gives financial institutions the tools they need to transform risk management into real-time data science, and our machine learning algorithms are hard at work processing millions in purchases to ensure that customers’ data and transactions are safe,” said Nuno Sebastiao, CEO of Feedzai. “As with any startup’s growth, we’re ensuring that our technology continues to mitigate risk and losses associated with fraud on a greater scale, while growing our team with the industry’s best talent, and supporting our customers at any time. We’re excited to enter Q4 and tackle 2016 and beyond.”