08 February 2018
Tackling fraud trends in 2018: what to expect and what your business can do to prepare
Luke Reynolds, Chief Products Officer at Featurespace, speaks to the Paypers. Read the full article here.
New fraud tricks beat old security systems. Is machine learning the best option against fraud? Luke Reynolds, Chief Product Officer at Featurespace, says “yes”.
As we kick off 2018, businesses are looking for opportunities to protect and serve their customers while increasing revenues. Experience also tells us that a new year also comes with fresh risks and challenges to tackle to stay one step ahead of competitors. In the fraud prevention world, of course, we’re also trying to be one step ahead of the criminals. So how can businesses get an advantage and prepare for fraud trends in 2018?
Luke is Chief Product Officer at Featurespace, responsible for clients in Financial Services – discovering customer pain points and working with the engineering team to offer a solution via Featurespace’s ARIC™ platform. Prior to joining Featurespace, Luke worked in the Financial Services Sector for over 20 years. He held a position as Callcredit’s Commercial Director of Fraud and ID and served in a variety of roles in Lloyds Banking Group (Head of Retail Audit, Head of Fraud, and Head of Group Security and Investigation). Before joining Lloyds Banking Group, Luke held fraud prevention roles at the UK Card Association (formerly APACS) and NatWest.