Featurespace ranked 25th fastest-growing technology company in Sunday Times Hiscox Tech Track 100
Featurespace ranks as one of the fastest growing companies in the U.K., as well as the fastest-growing technology company in the East of England, in the Sunday Times Hiscox Tech Track 100
08 September 2019 - Inventor of Adaptive Behavioral Analytics, Featurespace is the world’s leading provider of fraud detection and risk prevention software. Its innovative application of machine learning technology provides a holistic solution to tackle new and known fraud attacks and financial crime, and is now protecting customer transactions for some of the largest banks, payment processors and companies around the globe.
“Tech companies have once again proved their mettle as they continue to power up growth and innovation,” said Bob Thaker, Chief Executive of Hiscox U.K. “Hats off to all the companies that have made it onto this year’s Tech Track 100.”
The Sunday Times Hiscox Tech Track 100 includes notable Britain-based businesses, including Revolut, Checkout.com and TransferWise. Companies previously named include Skyscanner (acquired by Ctrip, China’s largest travel company, for £1.4 billon in 2016) and Ocado (an online supermarket and tech company valued at £8.6 billion).
Featurespace is one of four companies headquartered in Cambridgeshire to be recognized by the Sunday Times. Collectively, these organizations employ more than 1,300 people and their three-year annual sales have averaged 90% growth, totaling £141 million. Featurespace is increasing its workforce to meet rising customer demand, with more than 100 new positions in London, Cambridge, U.K. and its U.S. headquarters in Atlanta, Ga., established late 2017.
The Tech Track 100 is sponsored by Hiscox, Barclays, BDO, BGF and N+1 Singer, and compiled by Fast Track, the Oxford-based research and networking events firm.
Featurespace Announces HSBC as the Latest Global Bank Using its ARIC™ Platform to Combat AML and Fraud
About Featurespace – www.featurespace.com
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 AML transaction monitoring, 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 behavioural analytics and anomaly detection to automatically identify risk and catch new attacks as they happen. The increased accuracy of understanding behaviour 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 due to traditional rules by as much as 70 percent.