November 17, 2017
Featurespace ranked in Deloitte Technology Fast 50 for second year
Cambridge, UK. 17 November 2017 Featurespace, the leading multinational machine learning company for fraud prevention, has been ranked 36th in the 2017 Deloitte UK Technology Fast 50, moving up 10 places from placing 46th in 2016.
Featurespace’s ARIC™ platform uses advanced anomaly detection for fraud and risk management professionals, by analysing complex data streams in real time to spot and block fraud.
David Cobb, Lead Partner for the Deloitte UK Technology Fast 50, said:
“The Deloitte Technology Fast 50 shines a spotlight on the UK’s fast-growing technology companies and is internationally recognised as being one of the most important business awards in the sector.”
Martina King, Featurespace CEO, commented:
“Featurespace’s global growth is recognition of our customers’ need to outsmart criminals, beat real-time fraud and protect their own customers with the latest machine learning technology.
“Featurespace has had a fantastic year, completing a substantial fund raise and opening a US office in Atlanta, all of which enables us to better protect an increasing number of customers worldwide from fraud attacks.”
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, the late Professor Bill Fitzgerald and Dave Excell, Featurespace CTO.
The Deloitte Technology Fast 50 is one of the UK's foremost technology award programmes, celebrating innovation and entrepreneurship. Now in its 20th year, it is a ranking of the country's 50 fastest growing technology companies, driven by leading intellectual property and based on percentage revenue growth over the last four years.
The full list of this year’s winners and winner breakdown by region and sector is available at www.fast50.co.uk
About Featurespace - www.featurespace.com
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.
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Deloitte LLP is a subsidiary of Deloitte NWE LLP, which is a member firm of DTTL, and is among the UK's leading professional services firms.
The information contained in this press release is correct at the time of going to press.
For more information, please visit www.deloitte.co.uk.
Deloitte UK Technology Fast 50
The Deloitte UK Technology Fast 50 is one of the UK’s foremost technology award programmes. Now in its twentieth year, it is a ranking of the country’s 50 fastest-growing technology companies, based on revenue growth over the last four years. The UK Fast 50 awards are all about growth driven by leading intellectual property and are a celebration of innovation and entrepreneurship. The UK Technology Fast 50 is part of an international programme run by Deloitte and qualifying entrants of the UK Fast 50 will be put forward to the Deloitte Technology Fast 500 EMEA (Europe, Middle East and Africa) programme. Previous winners have come from across the UK, are both large and small, and included some of the most dynamic players in all areas of technology, from internet specialists to biotech, digital media technology to life sciences, computers to semiconductors and software to telecommunications.
For more information visit www.fast50.co.uk