Issuers benefit from a pre-integrated solution that combines best-in-class credit card processing and fraud detection
SAN FRANCISCO, Calif. – Zeta, a next-gen credit card processor, and Featurespace, a world leader in enterprise fraud and financial crime prevention, have partnered to provide a solution that combines credit card processing and fraud detection for issuers in the United States. Featurespace’s ARIC Risk Hub solution, which uses a combination of artificial intelligence, behavioral networks, and rules-based decision-making, will be integrated into Zeta’s cloud-native, API-first credit card processing stack, Zeta Tachyon. The solution will allow issuers to iterate their credit card products more quickly and launch features in days, while their customers are protected against fraud attempts. The joint solution will provide pre-built workflows and interfaces for fraud case management, as well as the ability to configure custom decision rules and actions based on risk scores.
Zeta empowers issuers to launch next-gen credit card programs with its cloud-native and fully API-enabled stack that includes processing, issuing, lending, core banking, fraud, loyalty, and many other capabilities. Zeta has 1700+ employees & contractors with over 70% in technology roles across locations in the US, UK, Middle East, and Asia. Globally, 35+ customers have issued 15M+ cards on Zeta’s platform. Zeta has raised $280 million from Softbank Vision Fund 2, Mastercard, and other investors at a $1.5 billion valuation. Watch a short 7 minute video showcasing a fraction of the capabilities of Zeta Tachyon’s Credit processing stack here.
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, Worldpay, 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.