Tech Talks Podcast: Dave Excell discusses adapting to fraud and money laundering
Featurespace founder and president Dave Excell joins the Tech Talks podcast and host David Savage to explain how behavioral analytics can stop fraud and financial crime, as the banking and payments industries adjust to rapid changes.
Changes in customer behaviors are caused by countless external factors and gradual changes are easier to recognize and adjust to. As Excell explains however, sudden changes impact the context of customer interactions with businesses and banks. “We’re seeing new behaviors and methods. The detection and prevention systems need to adapt to those changes without influencing or stopping the customer from being able to interact with those businesses.
Listen to the full podcast:
Discover the ARIC Risk Hub
The ARIC platform combines adaptive behavioural analytics and anomaly detection to automatically identify risk and catch new attacks as they happen.
About Featurespace – www.featurespace.com
Headquartered in the U.S. and U.K. and with offices in Atlanta, Cambridge and London, Featurespace™ is the world-leader in fraud prevention and creator of the ARIC™ platform, a real-time AI machine learning software that risk scores events in more than 180 countries.
The ARIC platform combines adaptive behavioural analytics and anomaly detection to automatically identify risk and catch new attacks as they happen. The increased accuracy of understanding behavior strikes the balance between improving fraud and risk detection and operational efficiencies, while also reducing the number of genuine transactions that would be incorrectly declined by as much as 70 percent.
Michael Touchton, Featurespace
U.S. Marketing Manager
+1 (423) 364-5491