AI and Machine Learning technology gives Railsr customers the edge against criminals
Cambridge, Atlanta, Singapore – 15 November 2022 – Railsr, the leading embedded finance platform, has partnered with globally recognised fraud and financial crime prevention experts Featurespace to protect Railsr customers and their consumers from the growing threat of fraud and financial crime.
Through the partnership, Railsr will combine its own expert fraud teams with industry leading Card and Payment Fraud prevention and Anti-Money Laundering solutions through Featurespace’s award winning ARIC™ Risk Hub. Featurespace’s fraud and AML (FRAML) solution will provide a single integration point, enabling Railsr’s platform to grow in line with business expansion and maintain regulatory compliance.
“As the market accelerates towards embedded finance, consumers expect a frictionless payment experience that is built into the transaction process. With Featurespace’s AI and ML capabilities, Railsr can provide an enhanced level of customer experience, making consumer’s lives simpler and safer.” said Stuart Hartley, Global Head of Product for Fincrime and Operations. “After an extensive review, the Featurespace platform, multi tenancy capabilities, team and proven track record meant they stood out as the right technology partner for us. We share the same goals for the industry and have enjoyed building a strong collaborative relationship”.
Within 12 months, Railsr will provide their customers access to ARIC Risk Hub so they can manage their own analytics directly. This will give Railsr’s customers a one stop shop for FRAML in a multi-tennancy instance with a harmonized UI for fraud and AML.
“The Railsr platform is a natural fit for Featurespace.” said Matt Mills, Featurespace’s Chief Commercial Officer. “As embedded finance increasingly becomes expected by consumers, making sure they are protected from fraud and financial crime must be expected in equal measure. Railsr have recognized this early and added a critical layer of self-learning technology to ensure their customers get only the best experience.”
Railsr is the world-leading embedded finance experiences platform. It helps brands put the customer experience at the heart of their business by using finance as a strategic engagement tool to deepen relationships, create relevance and generate revenue. The Railsr platform provides financial products and solutions, including banking and wallets, cards, credit and rewards. For more information about Railsr, go to: railsr.com
Featurespace is the world leader in enterprise grade technology that prevents fraud and financial crime. With a mission to make the world a safer place to transact, Featurespace helps banks and financial institutions protect customers, and reduce risk and business operating costs by providing industry-leading machine learning, financial crime prevention solutions. Featurespace invented Adaptive Behavioral Analytics and Automated Deep Behavioral Networks and is the first to profile both genuine and fraudulent behavior to identify and block criminal activity in real time. Both are patent pending technologies that are central to Featurespace’s award winning ARIC™ Risk Hub. Over 70 direct customers and 100,000 financial institutions have put their trust in Featurespace’s technology including HSBC, NatWest, TSYS, Worldpay, Marqeta, Contis, Danske Bank, Akbank, Edenred and Permanent TSB. Founded in 2008, and headquartered in Cambridge, UK Featurespace has a team of over 400, operating globally from seven locations. Find out more at featurespace.com