Atlanta, September 12, 2022 – Featurespace has been named a winner of the 2022 IDC Fintech Rankings Real Results Award for Digital Trust & Stewardship.
The Real Results Awards are published in conjunction with the most comprehensive vendor ranking in the financial services industry, the annual IDC FinTech Rankings, based on 2021 calendar year revenues attributed to financial institutions.
Featurespace has also been named in the rankings, which represent the leading hardware, software and service providers to the financial services industry from around the world.
Now in its 8th year, the IDC FinTech Rankings Real Results Awards recognize IT providers that have enabled a genuine, measurable, and future-enabling change at a client financial institution in the worldwide financial services industry. The quantifiable results from Contis – a Banking-as-a-Service platform which utilizes Featurespace’s ARIC™ Risk Hub technology to deliver industry-leading fraud detection rates and well-below industry threshold numbers of chargeback transactions – demonstrated the accuracy and speed with which Contis instantly flag, detect and stop bad actors while allowing genuine customers to transact.
“As the industry gets back on its feet after years of disruption, the case studies submitted to this year’s IDC FinTech Rankings Real Results Program showed a great return to innovation in every area of the financial services industry,” said Jerry Silva, vice president at IDC Financial Insights. “IDC congratulates the venders that helped financial organizations get back to the business of innovation.”
The annual IDC FinTech Rankings and Real Results Awards have become an important measure of the health and direction of technology in the industry and the emergence of innovative solutions from new players.
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 HSBC, NatWest, TSYS, Worldpay, Marqeta, Contis, Danske Bank, Akbank, Edenred and Permanent TSB. Founded in 2008, and headquartered in Cambridge, UK Featurespace has a team of over 400, operating globally from seven locations.
Europe’s number one Banking-as-a-Service platform. Contis helps businesses rapidly launch accounts, cards and payments services for their customers. The most trusted provider in market, Contis delivers 99.99% uptime, serves 2+ million customers and processes over €13bn a year. Founded in 2008, Contis provides award-winning B2B, banking and payment solutions. One of the FT1000: Europe’s Fastest Growing Companies in 2018, 2019 and 2020. We have offices in the UK, Lithuania and India – and recently announced a merger with Berlin-based Solarisbank to become Europe’s undisputed leader in Banking-as-a-Service. Contis benefits from a full licence suite, including FCA and Bank of Lithuania e-Money Licences which cover the EEA, and a full UK consumer credit licence. Contis is a Principal Visa and Mastercard member with full sponsorship and processing capability.