Deko Partners with Featurespace to Fight Payment Fraud

Retail finance technology provider, Deko, has partnered with Featurespace, the leading machine learning Adaptive Behavioural Analytics fraud and risk management company, to bolster the security of its consumer finance lending platform.

Deko will use Featurespace's ARIC™ Fraud Hub to boost the capabilities of its retail originations technology, increasing the security benefits of its market-leading platform. The artificial intelligence integration will also form part of Deko’s payment solutions toolkit, which allows the company to provide even tighter security to its point of sale technology.

The innovative technology platform will use the ARIC Fraud Hub to identify and prevent transactional fraud in real time, enabling increased security benefits to its clients, giving them peace of mind in an increasingly security conscious market.

The ARIC Fraud Hub allows Deko to maintain its place as a secure technology provider that uses the same systems as some of the world’s largest banks, payment processors and merchant acquirers.

Mufti Monin, CTO at Deko, said: “As technology continues to evolve, it is important that we continue to accelerate it and stay at the forefront, when it comes to retail finance technology platforms. Incorporating Featurespace’s AI into our toolkit allows us to offer premier prevention and protection facilities to every client that uses our platform, and ensure their data and payments are protected.”

Martina King, CEO, Featurespace, said: "The effortless integration of our software with Deko bolsters its first-class retail finance technology platform to protect more businesses and their expanding payment methods from fraud. It's been a joy to work with the Deko team. These types of relationships will help the industry outpace criminals' increasing sophistication and avoid fallout from data compromises.”

The ARIC Fraud Hub is deployed in some of the world’s largest banks, payment processors and merchant acquirers.

Deko, a leader in transformational retail finance technology for the past 10 years, recently announced it had processed its two millionth consumer finance application, representing a total gross loan volume approaching £2 billion.

Learn more about partnering with Featurespace

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About Featurespace

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

The ARIC platform combines adaptive behavioral analytics and anomaly detection to automatically identify risk and catch new attacks as they happen. The increased accuracy of understanding behavior strikes the balance between improving fraud and risk detection and operational efficiencies, while also reducing the number of genuine transactions that would be incorrectly declined by as much as 70 percent.

About Deko

Deko is a retail finance technology provider, enabling over 1700 businesses merchants to maximise sales by helping customers spread the cost of purchases.

Deko has two products:

  • Instalment credit – helping consumers pay for one-off purchases in a more manageable way. It allows retailers to increase sales and drive conversions
  • Digital line of credit – a pre-approved line of credit makes it easier for returning customers to make repeat purchases. Helps retailers increase basket value and customer loyalty

Deko’s unique multi-lender platform covers a broad credit spectrum, enabling a greater number of customers to access finance.

Finance applications can be made in-store, online, on mobile and over the phone.

Clients include Samsung and MYA Cosmetic Surgery.


Matt Mills
Chief Commercial Officer
+44 (0) 1223 345940