June 15, 2016
“Featurespace technology works much better” for fraud prevention – Canaccord Genuity
Canaccord Genuity’s latest Digital Download showcases Featurespace as a provider of innovative fraud prevention software technology: “Simply put, the old way of using rule based algorithms to stop fraud is no longer necessary and the Featurespace technology works much better”.
The UK technology periodical, which provides investors with the latest commentary on technology trends, observes that with the increase in online transactions, incidences of fraud are also increasing.
Featurespace’s machine learning ARIC engine detects anomalies in individual behaviour to spot and block new fraud attacks in real-time. At the same time, ARIC dramatically reduces the number of genuine customers who are incorrectly blocked when making a purchase.
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