Featurespace Recognized in the 2020 CB Insights Fintech 250
Featurespace was named to the 2020 CB Insights Fintech 250 list of Fastest Growing Startups for its achievements in detecting and preventing enterprise financial crime.
Selected from a pool of 16,000 companies, the Fintech 250 is a prestigious list of private companies from 25 countries, each of which are working on groundbreaking financial technology.
“The previous Fintech 250 class raised more than $22 billion in investor financing and saw more than 20 exits after being recognized, and we expect this year's class will have similar success as they continue to transform how people and businesses spend, save, borrow, and invest their money,” said CB Insights CEO Anand Sanwal.
Featurespace was selected for its use of machine learning and Adaptive Behavioral Analytics in creating and maintaining its ARIC™ Risk Hub: an innovative platform that uses advanced, explainable anomaly detection to enable financial institutions to automatically identify risk, catch new fraud attacks and identify suspicious activity in real-time.
“Fraudsters' attacks are becoming more sophisticated in targeting transactions across every channel, and all points of interaction with merchants, payment companies and financial institutions. It's a challenge that needs to be addressed holistically and with a technology that evolves with threats,” said Dave Excell, founder of Featurespace. “It is that spirit of innovation that drives us to be leaders in our industry and it’s an honor to be recognized in the Fintech 250 among others who share that passion.”
The CB Insights Intelligence Unit’s selections were based based on several factors, including patent activity, investor quality, news sentiment analysis, proprietary Mosaic scores, market potential, partnerships, competitive landscape, team strength, and tech novelty. The Mosaic Score, based on CB Insights’ algorithm, measures the overall health and growth potential of private companies to help predict a company’s momentum.
Discover the ARIC Risk Hub
The ARIC platform combines adaptive behavioural analytics and anomaly detection to automatically identify risk and catch new attacks as they happen.
About Featurespace – www.featurespace.com
Headquartered in the U.S. and U.K. 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 behavioural 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.
Michael Touchton, Featurespace
U.S. Marketing Manager
+1 (423) 364-5491