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Featurespace Machine Learning Fraud Fighting

Predictive models using adaptive behavioral analytic tools operating on a machine learning-based platform is the business of fraud fighter Featurespace. The company says that card issuers and gambling sites benefit from a reduction of up to 70% in false positive transactions (valid business misidentified as fraud) versus legacy, rules-based fraud fighting systems. Featurespace can host its platform or install it onsite. It receives an annual licensing fee. Top card issuers in the U.K. have added Featurespace’s platform as a supplement to their existing systems that fight fraud at the point o...

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September 2015
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