Award-winning solution uses machine learning and Adaptive
Behavioral Analytics to help financial institutions combat fraud
and financial crime
CAMBRIDGE, England and HUDSON, Ohio, Oct. 21,
2022 /PRNewswire/ -- Diebold Nixdorf (NYSE:
DBD), a world leader in automating, digitizing and transforming the
way people bank and shop, and Featurespace, a world leader in
enterprise financial crime prevention, today announced that the
companies are partnering to integrate its highly specialized, fraud
prevention technology into Diebold Nixdorf's
Vynamic® Payments platform.
![Diebold Nixdorf Partners with Featurespace to Provide Fraud Prevention Technology Diebold Nixdorf Partners with Featurespace to Provide Fraud Prevention Technology](https://mma.prnewswire.com/media/1926472/DN_Featurespace.jpg)
By partnering with Featurespace, Diebold Nixdorf can provide
financial institutions a fully integrated payments solution with
proven real-time fraud detection and prevention capabilities
without the concern of managing multiple vendors. Vynamic Payments
is a cloud-native payments platform that allows the reuse of
services across acquiring, processing and issuing domains, and has
been proven with leading financial institutions around the globe.
The software's microservice architecture enables business agility
and consumer experiences that seamlessly bridge any channel,
integration point, payment type or authentication method.
Featurespace's solutions are uniquely suited for
deployment into payments platforms thanks to their world-leading,
real-time accuracy even at huge scale: the unique approach of
its real-time machine learning is to leverage only the necessary
data from the authorization stream to deliver improved results
without latency, or large data integration projects and workloads.
Its ARIC™ Risk Hub, available for integration with Vynamic
Payments using open APIs, delivers the best performing models in
the cards and payments world and supports customers to achieve the
lowest false positive ratios alongside industry-leading fraud catch
rates, reducing a bank's total cost of fraud. The platform's
Adaptive Behavioral Analytics and Automated Deep Behavioral
Networks automatically detect and prevent even the most
sophisticated types of fraud and financial crime.
Martina King, CEO, at
Featurespace said: "Featurespace is on a mission to make the
world a safer place to transact, and this new partnership with
Diebold Nixdorf is an important milestone on this journey. Fraud
prevention is a crucial element in any payment's modernization
program. Through this partnership, financial institutions can
protect every customer and transaction with ARIC Risk Hub
integrated into their transaction monitoring and processing."
Joe Myers, executive vice
president, Global Banking, at Diebold Nixdorf said: "We
are excited to begin this partnership with Featurespace as the
technology and product features of ARIC Risk Hub perfectly align
with Diebold Nixdorf's payments transaction processing. Fraud
management is a critical part of the payment's ecosystem. By
integrating the holistic solution into our Vynamic Payments
platform, we can provide financial institutions with the most
powerful and open technology to combat fraud and financial
crime."
Meet with Featurespace in Las
Vegas at Money20/20 USA on
booth 2521 or catch Featurespace experts in discussion at the
show.
- It's Time to Think Like a Cop to Prevent
Cryptocrime, with Todd
Raque, Financial Crime Subject Matter Expert Featurespace,
Sunday 23 October, 3:30pm PDT
- Fraud Prevention & AML in Payments as a
Service, with Dave
Excell, Founder, Featurespace, Tuesday 25 October,
1:00pm PDT
About Featurespace
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, TSYS,
Worldpay, Marqeta, 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.
About Diebold Nixdorf
Diebold Nixdorf, Incorporated
(NYSE: DBD) is a world leader in enabling connected commerce. We
automate, digitize and transform the way people bank and shop. As a
partner to the majority of the world's top 100 financial
institutions and top 25 global retailers, our integrated solutions
connect digital and physical channels conveniently, securely and
efficiently for millions of consumers each day. The company has a
presence in more than 100 countries with approximately 22,000
employees worldwide. Visit www.DieboldNixdorf.com for more
information.
Twitter: @DieboldNixdorf
LinkedIn: www.linkedin.com/company/diebold
Facebook: www.facebook.com/DieboldNixdorf
YouTube: www.youtube.com/dieboldnixdorf
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SOURCE Diebold Nixdorf, Incorporated