Case Study

This case study illustrates how financial institution, ClearBank, successfully implemented the world’s leading AML technology in 9 weeks.

ClearBank® – the U.K.’s first new clearing bank in more than two and a half centuries – was established to help alleviate the strain on the U.K. payments ecosystem, which processes £82 trillion each year. After reinventing agency banking dynamics in 2018, the bank began working with Featurespace to innovate against fraud and financial crime with the ARIC™ Risk Hub.

Download the Case Study below to see how  the bank’s deployment of the ARIC Risk Hub was completed in just 9 weeks.

In addition to learning individual behaviors and detecting anomalies in real time, the technology allowed ClearBank to protect its clients with advanced anti-money laundering (AML) transaction monitoring, while also maintaining the privacy and security of customer data and without requiring additional integrations..

“We needed an AML transaction monitoring detection platform that could operate across all of our portfolios and protect our customers. Featurespace not only delivers that cutting-edge ability better and faster than anyone, it also shares our spirit of revolutionising financial services. That’s an intangible quality that cannot be overstated and is exceptionally rare today.” – Charles McManus, CEO at ClearBank