LONDON--(BUSINESS WIRE)--Featurespace, the leading provider of Adaptive Behavioral Analytics for fraud detection and risk management, announced its recognition by Forrester as a “Strong Performer” in The Forrester Wave™: Anti-Money Laundering (AML), Q3 2019 evaluation, for its machine learning ARIC™ platform. Download the full report here.
Featurespace achieved the top possible scores in 10 areas, including Transaction Monitoring plans, Reporting and Vendor's POC & Demonstration. Featurespace also received recognition from Forrester for:
- Model Performance: "…sandbox vs. live data and model comparisons are very intuitive."
- Product Usability: "The vendor offers a clean, well-thought through purpose-built user interface."
“Forrester is recognized for their comprehensive research and analysis. To be recognized as a Strong Anti-Money Laundering Performer in such a competitive space is, for us, a reflection of considerable effort and customer collaboration," said Martina King, CEO of Featurespace. "We invented Adaptive Behavioral Analytics and have been changing the game ever since. We believe this recognition reflects our product excellence and reinforces our commitment to preventing financial crime for our customers and the industry."
The ARIC platform combines adaptive behavioral analytics and anomaly detection to automatically identify risk and catch new attacks as they happen. Using machine learning, the ARIC platform monitors events in real-time across business and transaction activity, including ACH, wire, check, customer-to-customer, online bill payment, credit, debit, and ATM card payments.
About Featurespace – www.featurespace.com
Featurespace™ is the world leader in risk management for fraud prevention and Anti-Money Laundering. Featurespace invented Adaptive Behavioral Analytics and created the ARIC™ platform, a real-time machine learning software that risk scores events in more than 180 countries to prevent fraud and financial crime.
ARIC combines unique Adaptive Behavioral Analytics and anomaly detection to automatically identify risk, catch new fraud attacks and suspicious activity in real-time. More than 20 major global financial institutions are using ARIC to protect their business and their customers. Publicly announced customers include HSBC, TSYS, Worldpay, Contis, Danske Bank, ClearBank, Permanent TSB and Betfair.