PwC UK, the professional services firm, has agreed a joint business relationship with Featurespace, the adaptive behavioral analytics risk prevention company, to provide client organizations with advanced technology to combat real-time financial crime attacks.
Today’s financial services organizations need a sophisticated, real-time understanding of each individual customer’s behavior to outsmart the criminals committing illicit activity.
By working alongside Featurespace, PwC UK will be able to provide its clients with an innovative real-time machine learning technology solution for combating financial crime risk, to complement the range of other financial crime advisory services PwC offers.
Martina King, Featurespace CEO, said:
“Protecting organizations from financial crime risk is our mission. Through this agreement with PwC UK, we can help organizations to outsmart the criminals by understanding individual behaviours in real time.”
Scott Samme, Financial Crime Analytics Director at PwC, commented:
“Featurespace’s technology presents an innovative way for the Financial Services industry to prevent and detect financial crime in real time. This allows us to assist our clients to become more effective and efficient in tackling financial crime risk.”
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 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, including 4 of the 5 largest banks in the UK. Publicly announced customers include HSBC, TSYS, Worldpay, RBS NatWest Group, Contis, Danske Bank, ClearBank, Permanent TSB and Betfair.
For further information, please contact:
Michael Touchton, PR and Communications Manager
+1 (423) 364-5491