Featurespace

About Featurespace

Featurespace's ARIC™ Risk Hub leverages world-class machine learning and Adaptive Behavioral Analytics to detect fraud in real time. It distinguishes genuine activity from threats, minimizing false positives for secure, seamless transactions by understanding good behavior versus bad behavior.

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History

Featurespace was founded by Cambridge Professor Bill Fitzgerald and his PhD student Dave Excell to leverage the power of data science in fraud prevention and behavioral prediction. Their goal was to teach machines to identify good behavior from bad behavior, resulting in the ARIC™ Risk Hub, the world's first Adaptive Behavioral Analytics engine.

Their journey began in 2008 when an industry leader challenged them to create a system that could outsmart fraudsters by predicting high-risk activities while being able to adapt to individual changes in consumer behavior. Their work in adaptive behavioral analytics and deep learning for fraud prevention has won them a number of globally recognized accolades and is one of the globally recognized leaders in their industry.

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Key Features

1. Reduce False Positives: One of the best analytic engines and machine learning in the market
2. Adaptive Learning: Machine learning model continuously learns and adapts with each transaction across time
3. Multi-tenanted Solution: Single solution across multiple business channels (cards, payments, applications, merchants)
4. Real-Time Response: Provides risk assessment in real-time even for large transaction volumes
5. Scalability: Fits any business, big or small
6. Behavioral Profiles: Understands and stores each individual customer profile to distinguish good and bad behavior

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ARIC™ All-in-One Solution

1. ARIC™ for Card Fraud: Our card fraud prevention models are powered by Adaptive Deep Behavioral Networks to secure all card types.
2. ARIC™ for Payment Fraud: Our solution secures corporate and consumer payments across all channels in real-time.
3. ARIC™ for Application Fraud: Combines behavioral insights with third-party data to detect first-party, third-party, and synthetic ID.
4. ARIC™ for Anti-Money Laundering: Find unknown threats before rules are triggered to reduce false positives and prioritize high-risk alerts
5. ARIC™ for Merchant Acquiring: Ensure swift identification of risks and ensure merchants are legitimate.
6. ARIC™ for Scam Detection: ARIC™ quickly spots impersonation, romance, and investment scams.
7. ARIC™ for Check Fraud: ARIC™ easily combines with vendors to detect check washing and counterfeiting.
8. ARIC™ for Account Fraud: Protect customer accounts and virtual assets from breaches, takeovers, and stolen identities.

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Results

75% fraud attacks blocked in real-time with a 5:1 false positive ratio

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500 million consumers protected

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50.4 billion events processed yearly

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75% reduction in false positive alerts

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Why Choose Featurespace?

1. Expertise: Our team of experienced professionals and data scientists are dedicated to constantly improving and innovating our solutions.
2. Proven Results: ARIC™ has a proven record of success, with many case studies showing how we reduce fraud and boost efficiency.
3. Global Leaders: Recognized by many third-party organizations as the leaders in machine learning for fraud prevention.
4. Thought Leadership: As fraud detection leaders, we share insights and best practices through research and whitepapers.

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