NatWest and Featurespace Partner for Real-Time, Enterprise-Wide Fraud Prevention and Transaction Monitoring
Summary
LONDON--(BUSINESS WIRE)--NatWest has agreed a strategic partnership with Featurespace to profile and monitor payments and account activity to prevent fraud and scams using Featurespace’s ARIC™ platform. The ARIC platform, powered by machine learning and Featurespaces Adaptive Behavioral Analytics, detects anomalies and risk scores each event to predict the likelihood of fraud. The fraud challenge requires an innovative partnership to stay ahead of threats posed to our dynamic payment landscape and we are delighted to be working together to solve this problem. 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.