LONDON, 03 September 2019

Featurespace announces that the ARIC™ platform has been selected by HSBC to support efforts to strengthen Anti-Money Laundering and fraud prevention in the insurance and retail fields respectively. HSBC joins a number of other prominent financial institutions in using Featurespace’s ARIC platform, including Worldpay, ClearBank and TSYS, among others.

These institutions are leveraging Featurespace’s Adaptive Behavioral Analytics and machine learning capabilities to monitor transactions, automatically detect anomalies in individual behavior, and prioritize alerts and predict future threats.

Martina King, CEO at Featurespace said; “In the fight against the ever-evolving threat of financial crime, collaboration is key. These firms’ application of our technology will help them in optimising the detection of suspicious activity, ultimately protecting their customers from the global impact of financial crime.”

 

About Featurespace – www.featurespace.com

Featurespace™ is the world leader in enterprise financial crime prevention for fraud and Anti-Money Laundering. Featurespace invented Adaptive Behavioral Analytics and created the ARIC™ platform, a real-time machine learning software platform that risk scores events in more than 180 countries to prevent fraud and financial crime.

ARIC™ Risk Hub uses advanced, explainable anomaly detection to enable financial institutions to automatically identify risk, catch new fraud attacks and identify suspicious activity in real-time. More than 30 major global financial institutions are using ARIC to protect their business and their customers. Publicly announced customers include HSBC, TSYS, Worldpay, NatWest Group, Contis, Danske Bank, ClearBank and Permanent TSB.

About HSBC – www.hsbc.com

HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide across 67 countries and territories in Europe, Asia, North and Latin America, and the Middle East and North Africa. With assets of US$2,558bn at 31 December 2018, HSBC is one of the world’s largest banking and financial services organizations.

 

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Michael Touchton, Featurespace
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