Featurespace Unveils GenAI Model TallierLTM™ for Tackling Financial Crime

Featurespace, the world leader in enterprise grade technology that prevents fraud and financial crime, has launched TallierLTM™ – the world's first Large Transaction Model (LTM).

TallierLTM™, a foundation AI technology for the payment and financial services industry, is a large-scale, self-supervised, pre-trained model designed to power the next generation of AI applications for the financial protection of consumers.

TallierLTM™ gives fraud and financial crime professionals access to the industry's first generative Large Transaction Model providing a significant improvement when it comes to differentiating between genuine consumers and bad actors.

​"What OpenAI's LLMs have done for language, TallierLTM™ will do for payments," said David Excell, founder of Featurespace. "There is widespread concern about how deep-fakes and generative AI have been used to deceive consumers and our financial systems. We plan to reverse this trend by utilizing the power of generative AI algorithms to create solutions that protect consumers and make the world a safer place to transact."

TallierLTM™ has been pre-trained across jurisdictions and market segments using a self-supervised approach, making it highly accurate and representative of real-world consumer transactions. By analyzing billions of transactions, TallierLTM™ identifies hidden transactional patterns undiscoverable using current industry methods, enabling it to generate likely future consumer transactions.

Financial institutions will be able to interact with TallierLTM™ via its embedding API.

"We know that smarter technology helps financial institutions better understand their consumers. We have taken this to the next level by pairing cutting-edge generative AI algorithms with huge volumes of data, enabling a machine to efficiently comprehend the relationships between different customer transactions," said Dr. David Sutton, Featurespace's chief innovation officer. 

Featurespace plans to introduce the TallierLTM™ service with its longstanding partner TSYS, a Global Payments company.