Featurespace Platform

What Featurespace Platform is

Featurespace Platform helps financial institutions detect fraud and financial crime through adaptive behavioral analytics. It profiles customer actions alongside peer group activity and adapts in real time as behavior changes or new scams emerge. Automated Deep Behavioral Networks, built on a recurrent neural network based architecture, are used to detect scams, account takeover, card fraud, and payment fraud. Listed capabilities include custom rules, machine learning, machine-learning models, real-time scoring, device fingerprinting, and omnichannel support.

Organizations can deploy the platform on premise or through fully hosted cloud services. Multi-tenancy gives issuers and acquirers control over the experience they offer customers. For the hosted platform, Featurespace cites PCI-DSS certified AWS environments, SOC 2 Type 1 compliance, TLS 1.2 encryption in transit, and encryption at rest. The ARIC Risk Hub SaaS fact sheet states 99.95% production availability and 24x7 support through an online portal, email, or phone. It also describes integration points for data input, output, and user interface authentication. Scam Detect integrates via API, accepts payment data in ISO 20022 schemas, and requires no historic data and fewer than 30 data attributes. Featurespace was founded in 2008 and is headquartered in Cambridge, United Kingdom. Pricing is on request.

Who it suits

Featurespace Platform suits financial institutions seeking behavioral analytics for fraud and financial crime, including banks, payment processors, merchant acquirers, insurers, and gaming organizations. Its deployment options and multi-tenancy controls may also suit institutions that need to shape customer experiences across issuer or acquirer operations.

Limits

Pricing is on request. Scam Detect requires fewer than 30 data attributes and no historic data.

Getting started

1. Visit https://www.featurespace.com/.
2. Choose an on-premise or hosted cloud deployment approach.
3. Request a demo for the Featurespace Platform.

Verdict

Consider Featurespace Platform if your financial institution needs adaptive behavioral analysis and options for on-premise or hosted deployment. Look elsewhere if you need a published price rather than requesting one.