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
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 platform 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. Publicly announced customers include HSBC, TSYS, Worldpay, NatWest Group, Contis, Danske Bank, ClearBank and Permanent TSB.
Michael Touchton, Featurespace
U.S. Marketing Manager
+1 (423) 364-5491