Featurespace

Featurespace is a financial crime prevention company that grew out of research at the University of Cambridge. Its software models the behaviour of each individual customer in real time to spot fraud and scams as they happen.

What Featurespace offers

• Adaptive Behavioral Analytics — the machine learning technique the company invented to model individual behaviour.
• ARIC Risk Hub — its platform for transaction monitoring and fraud prevention.
• Scam and payment fraud detection — covers card transactions and account-to-account payments, and Scam Detect is now part of Visa A2A Protect.
• Flexible deployment — runs on a customer's own premises or as a fully hosted cloud service.

Who it works with

Financial institutions: banks, payment processors, merchant acquirers, insurance companies and gaming operators. Named customers include NatWest, Worldpay, Danske Bank and TSYS.

Key facts

• Origins: created by Cambridge University professor Bill Fitzgerald and his PhD student Dave Excell
• First deployment: a fraud system for Betfair, from 2008
• Reach: deployed in over 180 countries