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Contis

Contis uses AI to combat transactional fraud through partnership with Featurespace

Contis, the award-winning banking, payments and processing solution provider today announced its intention to integrate a leading AI fraud prevention system onto its platform through a new partnership with Featurespace.

Contis, renowned for its cutting edge and real time technology, will use the Featurespace ARIC™ Risk Hub to detect and prevent transactional fraud in real time, bringing increased security benefit to all its clients and further establishing Contis at the forefront of innovation, performance and security.

Featurespace’s ARIC Risk Hub – which is deployed in some of the world’s largest banks, payment processors and merchant acquirers – will be integrated within Contis’ existing fraud prevention environment to detect suspicious activity for card and account transactions in real time.

Flavia Alzetta, Chief Executive, Contis commented; “Adding Featurespace’s AI to the Contis armoury allows us to offer best in class prevention and protection to all clients who use our banking and payment services. We want to ensure our clients keep ahead of the increasing challenge of fraud.”

“We are grateful to Contis for trusting Featurespace to protect its expansive set of customers from current and evolving fraud challenges,” said Martina King, CEO, Featurespace.

Contis and Featurespace both recently joined the Sunday Times Tech Track 100 as the fastest growing private companies in the UK.

About Contis - www.contis.com

Contis is a leading provider of award-winning, end-to-end, banking, payments and processing solutions. Founded in 2008, Contis’ proprietary, scalable platform manages both bank and Visa payments in real time. One of the FT1000: Europe’s Fastest Growing Companies 2018, Contis has offices in the UK, Europe and India providing modular banking solutions to third parties, in addition to a number of branded and white-label banking products, offering full current account capability. Contis benefits from a full license suite, including FCA eMoney License covering the EEA, and is a Principal Visa member with sponsorship capability.

About Featurespace - www.featurespace.com

Headquartered in the U.S. and U.K. and with offices in Atlanta, Cambridge and London, Featurespace™ is the world-leader in risk prevention and creator of the ARIC™ platform, a real-time AI machine learning software that risk scores events in more than 180 countries to prevent fraud and financial crime.

The ARIC platform combines unique Adaptive Behavioral Analytics and anomaly detection to automatically identify risk and catch new fraud attacks and suspicious activity in real-time. The increased accuracy of understanding ‘good’ behavior strikes the balance between improving the detection of suspicious activity, while also reducing the number of false alerts, to improve operational efficiencies.

Michael Touchton
PR and Communications Manager
E: michael.touchton@featurespace.com
P: +1-423-364-5491

Matt Mills
Chief Commercial Officer • Featurespace
matt.mills@featurespace.com
+44 (0) 1223 345940