Data Science Company Feedzai Launches New Risk Management Solution

Data science company Feedzai announced on Wednesday the launch of its new fully packaged Feedzai Solutions that can assess risk for single and cross-channel transactions in real-time. Feedzai Solutions is now fully available in every region.

With the configuration of machine learning models taking just days instead of months, and a comprehensive library of out-of-the-box scenarios, the new offering presents itself as an agile, easy to deploy, and low resource solution for financial institutions of all sizes that are looking to better protect their customers with quicker time to value.

Feedzai helps financial institutions' digital-first evolution by leveraging tech components especially critical during a severe digital acceleration journey amid the COVID-19 pandemic. The solution scalability allows financial institutions to improve time to market, while the cloud-based approach enables lightweight flexibility to transform and keep up with customer expectations. Additionally, best-in-class detection capabilities and real-time scoring help financial institutions to filter both new COVID-19 created and old fraudsters.    

"Feedzai now serves over 800 million customers in 190 countries, but our aspirations do not stop there. We believe that by democratizing the fight against financial crime and making AI available to a variety of financial institutions that otherwise wouldn't have access to it, we're allowing risk management to become a level-playing field," said Pedro Barata, SVP of Product. "Financial institutions of all sizes can now count on easy to deploy, best-in-class technology to support their financial crime challenges."

Feedzai's new product offering combines the power of multiple systems into one, allowing smaller teams with limited resources to manage risk and financial crime more efficiently. Instead of building an in-house platform or plugging in several complementary solutions that would require a significant amount of investment and resources to maintain, financial institutions can now rely on a fully orchestrated system fuelled by advanced AI to provide anti-fraud and AML while being fully compliant with national and international regulations.