Featurespace Recognized as Best-in-Class Among Fraud & AML Machine Learning Platforms by Aite-Novarica Group
- Date 2 Jan 2022
Clients praise ARIC™ Risk Hub’s application of advanced analytics and high-performing models.
Clients laud ARIC Risk Hub’s model explainability, transparency, essential for governance and regulatory requirements.
Featurespace’s payment fraud detection solution named product performance leader.
The competitive research conducted by Aite-Novarica Group assessed four specific criteria, with Featurespace excelling in each. Notable callouts include:
ARIC™ Risk Hub was the leader in product performance. The proprietary payment fraud detection and prevention solution monitors transactions and predicts behavior in real time, enabling banks to evaluate and mitigate risk.
Featurespace’s clients said the company’s models outperform peers in the market and have continued adapting to the evolving threat landscape, especially during the pandemic.
ARIC™ Risk Hub delivers market leading functionality for customer model authoring.
Featurespace’s knowledge of data science, its forward-thinking approach and professionalism were also noted.
One client remarked that ‘Few machine learning vendors open the black box, and no provider does it as well as the folks at Featurespace. They provided more explainability and transparency than any other platforms on the market.’