Aite Report

AIM Evaluation: Fraud and AML Machine Learning Platform Vendors 

Aite Group, a global research and advisory firm, has recognized Featurespace™ as Best-in-Class in its 2019 report on fraud and AML machine learning platform vendors.

Leveraging the AIM, a proprietary Aite Group vendor assessment framework, the Fraud and AML Machine Learning Platform Vendors Impact Report evaluates the overall competitive position of 13 vendors, focusing on vendor stability, client strength, product features, and client services. Aite considered evidence from results, as well as customer testimonials in preparing their findings. 

“Our report provides a holistic analysis of participating vendors and identifies market leaders in their respective sectors,” said Julie Conroy, research director for Aite's Retail Banking practice. “Featurespace's technology is truly next-generation in fraud detection and mitigation, as well as reducing false positives, and we are delighted to recognize them as Best-in-Class."

Highlights from Featurespace's customer feedback included:

    Model performance:

    "…head and shoulders above others tested… with a 63% reduction in false positives and a 177% increase in CNP fraud detection."

    Product performance:

    "Featurespace significantly outperformed four other leading machine learning platform vendors in a head-to-head value test…"

    Leading expertise:

    "...since many fraud trends tend to hit Europe a few years before they come to the U.S., Featurespace was already solving problems that banks in the U.S. hadn’t seen yet."

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