02 January 2018

Featurespace named as one of Europe’s best in first ever ‘Ones to Watch’ list

Featurespace, the world's leading provider of Adaptive Behavioural Analytics technology for fraud and risk management, has been named as ‘One to Watch’ in Europe, in a list of business excellence published by the European Business Awards, sponsored by RSM.

Featurespace was chosen as it demonstrates exceptional achievement in one of the 12 European Business Awards’ categories and reflects the programme’s core values of innovation, success and ethics.

The ‘Ones to Watch’ for 34 countries across Europe can be found at www.businessawardseurope.com.

Featurespace’s real-time, ARIC™ platform uses Adaptive Behavioural Analytics to detect anomalies in individual behaviour for fraud and risk management.

Featurespace was created out of Cambridge University’s Engineering Department, co-founded by world-renowned experts in applied statistics, Dave Excell, Featurespace CTO and the late Professor Bill Fitzgerald.

Martina King, CEO, Featurespace, said: “It is proven that that the best way to protect companies and consumers from real-time fraud attack is to use the ARIC platform. We are proud to be recognised by the European Business Awards and thank our customers for their support in helping us receive this recognition”.

Adrian Tripp, CEO of the European Business Awards, Europe’s largest cross-sector business competition, said: “We wanted to recognise more widely the many incredible business success stories from across Europe.”

He continued: “The talent, dedication and innovation at the heart of these companies creates jobs and opportunity, and is what drives their country’s prosperity. The ‘Ones to Watch’ lists will set a benchmark of success for the European business community.”

Jean Stephens, CEO of RSM, the sixth largest global network of independent audit, tax and consulting firms, and long-term sponsors of the Awards, said: “To be listed as a ‘Ones to Watch’ is a real accolade. At RSM, we work with companies across Europe and beyond, advising them on all areas of their business and we are passionate about encouraging success and prosperity. We wish these dynamic companies every success in the future.”

Featurespace will now have the chance to compete in one of the 12 categories of the European Business Awards to become a National Winner in their country. If successful, they will then take part in the grand final in May 2018, where the final 12 European winners will be announced. They will also have the chance to enter a public vote, which attracts attention and support from across the globe.

For more information about the competition please go to www.businessawardseurope.com

For further press information or for case studies/interviews, please contact:

Rebecca Lewis
Head of Marketing 

Vanessa Wood at the European Business Awards
+44 (0) 796 6666 657
E-mail: vanessa.wood@businessawardseurope.com 

About Featurespace:

Featurespace™ is the world-leader in Adaptive Behavioural Analytics and creator of the ARIC™ platform, a real-time, machine learning software system developed out of the University of Cambridge.

Head-quartered in Cambridge, UK, and Atlanta, GA, Featurespace has deployed ARIC to financial services and gaming organisations that have services or products deployed in over 180 countries. Customers include TSYS®, Ally Bank, Worldpay, Playtech, Paddy Power Betfair, Vocalink Zapp, CashFlows and William Hill.

The ARIC™ platform – a real-time, AI software system – monitors individual behaviours and detects anomalies to identify risk and catch new fraud attacks as they happen. The increased accuracy of understanding customer behaviour simultaneously reduces the number of genuine customers whose purchases and transactions are incorrectly declined.