Fraud and Risk Management
Featurespace’s multi-award winning ARIC™ platform monitors all your customer data in real-time, spotting anomalies to enable you to outsmart risk, protect your customers and increase revenue. The ARIC platform is live and deployed in some of the world’s largest banks, payments processors, merchant acquirers, insurance companies and gaming organisations.
ONLY THE ADAPTIVE SURVIVE
Humans are smart. We’re naturally programmed to do Adaptive Behavioural Analytics. We intuitively profile the people we know over time – continually adapting our sense of a normal pattern of behaviour for each individual. So if we spot someone behaving out of character, we reach out to help.
REAL LIFE BREAKS THE RULES
Featurespace’s smart technology works in exactly the same way. Deployed on-premise or via secure cloud in over 180 countries, our ARIC (adaptive, real-time, individual, change-identification) platform uses Bayesian statistics to model and predict individual behaviour in real-time. This machine learning allows computers – for the first time – to understand when an individual customer’s behaviour is out of character and automatically evaluate risk.
- 84% new fraud attacks blocked as they occur
- 76% reduction in genuine transactions declined
- 52% improvement in operational efficiency