Cambridge, United Kingdom & Mexico City, 26 July 2023: Clip, the leading digital payment platform, and Featurespace team up to fight e-commerce fraud.
Featurespace’s ARIC™ Risk Hub platform, delivered as Software as a Service (SaaS) in the cloud, helps Clip to increase the effectiveness of fraud detection and prevention, while providing businesses with a significant increase in digital payments acceptance rates and a better experience for end customers, thanks to the improvement of operational efficiency.
“At Clip we always listen to the needs of our allies, partners and clients. In addition, we work in line with the highest standards in terms of security and use the latest technology. In this regard, our alliance with Featurespace is extremely valuable because of the tools it provides us and the opportunity for continuous improvement through metrics and constant monitoring. We continue to work for any business in Mexico, whether physical or digital, of any size and anywhere in the country,” said Juan Pablo Vidal, Clip’s Sr. Director of Risk and Fraud Prevention.
In this way, the alliance between Clip and Featurespace seeks to shield businesses and end users, in terms of security, through innovative technologies against e- commerce fraud.
“We are honored to be able to work with Clip to combat the problem of e-commerce fraud more effectively. Criminals are becoming more and more sophisticated and innovative in their methods to commit crime, but our continuous investment in R&D has allowed us to stay one step ahead”, highlights Martina King, CEO of Featurespace.
Recent studies reveal that 3 years after the impact of Covid, in Latin America ‘cash only’ consumers have decreased from 45% to 21%. That equates to more than 115 million people who have been financial included and now have full access to all the benefits that financial institutions offer. In Mexico in particular, electronic commerce is among the top 5 highest growth rate globally.
Clip is the leading commerce and digital payments platform that is empowering businesses in Mexico to engage and transact with their consumers more effectively through innovative technologies, best-in-class customer service, and the ability to accept all digital payment methods. The company has offices in Mexico City, Guadalajara, Salt Lake City, Miami, and Buenos Aires.
Featurespace is the world leader in enterprise grade technology that prevents fraud and financial crime. With a mission to make the world a safer place to transact, Featurespace helps banks and financial institutions protect customers, and reduce risk and business operating costs by providing industry-leading machine learning, financial crime prevention solutions. Featurespace invented Adaptive Behavioral Analytics and Automated Deep Behavioral Networks and is the first to profile both genuine and fraudulent behavior to identify and block criminal activity in real time. Both are patent pending technologies that are central to Featurespace’s award winning ARIC™ Risk Hub.
Over 70 direct customers and 100,000 financial institutions have put their trust in Featurespace’s technology including BBVA, HSBC, NatWest, TSYS, Worldpay, MODO, Contis, Danske Bank, Akbank, Edenred and Permanent TSB, among many others. Founded in 2008, and headquartered in Cambridge, UK Featurespace has a team of over 400, operating globally from seven locations.
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