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.
For further information, please contact:
Contis (Marlin PR)
Jared Foley [email protected]
T: +44 207 932 5598 M: +44 7799 901 430
PR and Communications Manager
E: [email protected]
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
Featurespace™ is the world leader in Enterprise Financial Crime prevention for fraud and Anti-Money Laundering. Featurespace invented Adaptive Behavioral Analytics and created the ARIC™ platform, a real-time machine learning software 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. More than 30 major global financial institutions are using ARIC to protect their business and their customers. Publicly announced customers include HSBC, TSYS, Worldpay, NatWest Group, Contis, Danske Bank, ClearBank and Permanent TSB.