5 years ago

Featurespace Secures £30 Million to Expand Financial Crime Prevention Platform

  • Featurespace, a UK-based provider of Adaptive Behavioral Analytics software for enterprise financial crime prevention, has raised £30 million in funding

  • The round was led by Merian Chrysalis Investment Company Limited with participation from a number of existing investors

  • Featurespace intends to use the funds to grow in the UK, the US, Singapore, Europe, and Australia

  • The company's ARIC™ platform is a real-time machine learning software platform that risk scores events in more than 180 countries to prevent fraud and financial crime

  • ARIC™ Risk Hub uses advanced, explainable anomaly detection to enable financial institutions to automatically identify risk, catch new fraud attacks and identify suspicious activity in real-time.

      • ProblemFinancial Services

      "Financial institutions struggle to detect and prevent financial crime, especially as fraudsters become more sophisticated."

      Solution

      "Featurespace's ARIC™ platform uses real-time machine learning to identify and prevent fraud and financial crime by analyzing behavior patterns and scoring risk in real-time."

      Covered on