NatWest’s bespoke fraud transaction monitoring framework, powered by Featurespace, wins Best Innovation by a Financial Institution category.
Datos Insights, formerly Aite-Novarica Group, has announced the winners of the 2023 Fraud & AML Impact Awards, recognizing and celebrating the industry’s leading and impactful fraud and anti-money laundering (AML) innovations.
In its third year, the Fraud & AML Impact Awards program identifies the organizations and vendors whose new and disruptive financial crime solutions and capabilities more effectively and efficiently counter escalating financial crime threats. Award recipients and their innovations are bringing the financial services industry one step closer to triumphing over fraud, money laundering, and other illicit activity.
NatWest & Featurespace are proud to be the recipients of the Best Innovation by a Financial Institution category.
The award winners and finalists were selected by a global panel of both internal and independent experts on fraud and AML based on the following criteria, which were considered when scoring each entry:
- Level of innovation
- Competitive advantage
- Market need
- Financial crime risk mitigation
- Impact on customer experience and operational efficiency
- Integration and scalability
- Future roadmap