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Danske Bank

Danske Bank boosts fraud prevention with Featurespace ARIC™ Fraud Hub

October 01, 2018

Real-time, adaptive behavioural analytics primed to mitigate bank’s card fraud exposure and safeguard online channels

Danske Bank, the largest bank in Denmark and leader in the northern European financial markets, has selected Featurespace, the leading machine learning Adaptive Behavioural Analytics fraud prevention company, as its strategic provider to bolster its fraud mitigation capabilities.

Following an extensive research process and comprehensive evaluation of multiple vendors, Featurespace’s ARIC™ Fraud Hub was chosen as the best solution to mitigate card fraud at the customer level in real time and across all channels, while also giving customers the best experience by reducing the number of false positives.

“Mitigating fraud is incredibly challenging because the threat keeps evolving. A real-time adaptive system highlights new attacks at the time they occur, which protects the bank and its customers” said Martina King, CEO, Featurespace. “We are honoured to be selected by Danske Bank as its partner to combat card and digital fraud”

The ARIC Risk Hub – which is deployed in some of the world’s largest banks, payment processors and merchant acquirers – uses machine learning to build and monitor individual behavioural profiles in real time to detect anomalies and prevent fraud across all payment methods and channels, as it occurs.

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