everis Selects Featurespace to Help Banks Combat Payments and Account Fraud

January 10, 2019         By: Payment Week

ATLANTA, 10 Jan., 2019 – Featurespace, the leading machine learning Adaptive Behavioral Analytics fraud and risk management company, announced that everis, a multinational business consultancy serving clients in multiple sectors, has selected its ARIC™ platform to help banks combat payments and account fraud.

Responsible for redefining the banking experience for its customers, everis tests and recommends the best technology solutions. The company conducted a thorough review of the fraud detection and prevention market and selected Featurespace’s ARIC platform, after finding it was the most effective. everis will deliver ARIC to banks in 16 countries, including the U.K., U.S., Spain, Italy, Mexico and Brazil.

“Fraud is one of the most prominent, ubiquitous challenges that banks around the world are facing, making everis’ commitment to improve efficiencies and mitigate threats vital to the health of the industry,” said Martina King, CEO, Featurespace.

everis chose Featurespace’s ARIC platform, which uses machine learning to build and monitor, individual behavioral profiles for customers in real time to detect anomalies and prevent fraud across all payment methods and channels.

“The application of Artificial Intelligence in financial processes is still limited,” said Sergio Hermida, manager of Digital Banking at everis. “Featurespace’s Machine Learning solution is one of the most advanced on the market and allows us to offer our customers world-class technological tools for financial risk management and to significantly reduce transaction fraud.”

The ARIC Fraud Hub is deployed in some of the world’s largest banks, payment processors and merchant acquirers.

About everis

everis is a company of the NTT DATA group that offers business solutions, strategy, development and maintenance of technological applications, and outsourcing. The company, which develops its activity in the sectors of telecommunications, financial institutions, industry, utilities, energy, public administration and health, reached a turnover of 1,173 million euros in the last fiscal year. At present, it has about 21,000 professionals distributed in its offices and high performance centers in 17 countries.

The consultant belongs to the NTT DATA group, a leading company in the IT sector and a global innovation partner with 80,000 professionals in more than 40 countries. The integration in NTT DATA allows everis to expand the solutions and services for its clients, increase their capabilities, technological, geographic and financial resources in order to be able to give the most innovative answers to their clients.

About Featurespace – www.featurespace.com

Headquartered in the U.K, with offices in Cambridge, London and Atlanta, Featurespace™ is the world-leader in fraud prevention, creator of the ARIC™ platform, a real-time AI machine learning software and Adaptive Behavioral Analytics.

The ARIC platform risk scores transactions and consumer behavior in more than 180 countries. Understanding behavior combined with real-time anomaly detection protects our clients and their customers from all modern fraud attacks.