Contis uses AI to combat transactional fraud through partnership with Featurespace
Contis today announced its intention to integrate a leading AI fraud prevention system onto its platform through a new partnership with Featurespace.
Renowned for its cutting edge and real time technology, Contis will use the Featurespace ARIC™ Fraud Hub to detect and prevent transactional fraud in real time, bringing increased security benefit to all its clients and further establishing Contis at the forefront of innovation, performance and security.
Featurespace’s ARIC Fraud Hub – which is deployed in some of the world’s largest banks, payment processors and merchant acquirers – will be integrated within Contis’ existing fraud prevention environment to detect suspicious activity for card and account transactions in real time.
Flavia Alzetta, Chief Executive, Contis commented; “Adding Featurespace’s AI to the Contis armoury allows us to offer best in class prevention and protection to all clients who use our banking and payment services. We want to ensure our clients keep ahead of the increasing challenge of fraud.”
“We are grateful to Contis for trusting Featurespace to protect its expansive set of customers from current and evolving fraud challenges,” said Martina King, CEO, Featurespace.
Contis and Featurespace both recently joined the Sunday Times Tech Track 100 as the fastest growing private companies in the UK.