Founded in 2008 by Cambridge University Professor, Bill Fitzgerald, and his PhD student, Dave Excell, Featurespace is the world-leader in machine learning technology for fraud and financial crime management.

The Technology

Tasked with building a system to outwit fraud attacks by thinking like each one of their customers, Featurespace built the world’s first Adaptive Behavioural Analytics engine – the ARIC Risk Hub – to solve this commercial change. The ARIC Risk Hub leverages machine learning to enable fraud and Anti-Money Laundering analysts to prioritise alerts and detect suspicious activity in real-time, with explainable anomaly detection. At the same time, ARIC Risk Hub recognises genuine customers without blocking their activity, reducing friction.

Milestones

Working as a technology partner to the financial services industry, Featurespace’s ARIC Risk Hub is deployed in some of the world's largest banks, payments processors and merchant acquirers, including Worldpay, NatWest, Betfair, Tsys and William Hill.

Since launch in 2008, Featurespace’s technology now blocks 75% of fraud attacks as they occur, protects 500 million consumers from risk, reduces false positive fraud alerts by 75% and is used to authorise payments in real time across world-leading payment platforms.

Awards and Recognition