GoCompare wins Fraud Technology Solution of the Year
GoCompare has been awarded 'Fraud Technology Solution of the Year' at the Insurance Times Tech and Innovation Awards for their work with Featurespace.
Fleur Lewis, Head of Fraud at GoCompare, said: ”Absolutely delighted and proud of this recognition. Thank you to all the talented teams involved in Featurespace and GoCompare, you simply are best in class.”
GoCompare announced their partnership with Featurespace for fraud detection and risk management, to strengthen its front-end fraud prevention and detection abilities, in December 2018.
GoCompare is the only UK-based comparison website to use Featurespace’s ARIC™ Fraud Hub, which uses real-time machine learning developed out of Cambridge University to spot anomalies, block new fraud, and recognise genuine customers. This will build on GoCompare’s existing efforts to tackle quote manipulation, ghost broking, application fraud, and more. For insurers who partner with GoCompare, the suite of fraud detection and prevention tools available will enable customised, real-time risk management, reducing the burden on insurers’ own fraud teams.
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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