Featurespace

Featurespace Unveils AI ‘Large Transaction Model’ to Combat Fraud
Featurespace Unveils AI ‘Large Transaction Model’ to Combat Fraud
October 24, 2023  |  Fraud Prevention

Anti-fraud tech firm Featurespace has introduced TallierLTM, which it describes as the first artificial intelligence (AI) “large transaction model.” The new tool, announced Tuesday (Oct. 24), is the industry’s...

READ MORE >
62% of FIs Grapple With a Rise in Fraudulent Transactions
62% of FIs Grapple With a Rise in Fraudulent Transactions
August 18, 2023  |  Security & Fraud

As more transactions move online, banks are girding for, and doing battle against, a rising tide of fraud. As noted in the report “The State...

READ MORE >
Pay.UK Launches Pilot of Payments Industry Collaboration to Fight Fraud
Pay.UK Launches Pilot of Payments Industry Collaboration to Fight Fraud
June 28, 2023  |  Fraud Prevention

Pay.UK has announced it is piloting a new payments industry collaboration to help fight fraud. As the operator and standards body for the United Kingdom’s...

READ MORE >
As Fraud Rates Rise, Businesses’ Worst Threat May Be in Their Inboxes
As Fraud Rates Rise, Businesses’ Worst Threat May Be in Their Inboxes
April 26, 2023  |  Fraud Prevention

Despite the increasingly sophisticated weapons fraudsters have on hand to execute their scams, business email compromise (BEC) attacks remain one of their most effective ploys. The...

READ MORE >
Agencies: Banks Must Manage Risk Around Crypto-Assets
Agencies: Banks Must Manage Risk Around Crypto-Assets
January 03, 2023  |  Cryptocurrency

Three U.S. agencies said that banks must be wary of the risks of crypto-assets. In a joint statement released Tuesday (Jan. 3), the organizations —...

READ MORE >
FIs Need More Than Refunds to Address Zelle Scams
FIs Need More Than Refunds to Address Zelle Scams
November 29, 2022  |  Digital-First Banking

For banks, reimbursing victims of Zelle-related fraud is only a partial solution.  It’s a retroactive redress. But to really address the issue, financial institutions (FIs) will...

READ MORE >
Impersonation Scams on the Rise Ahead of Holidays Prompting Response From Watchdogs
Impersonation Scams on the Rise Ahead of Holidays Prompting Response From Watchdogs
November 22, 2022  |  Security & Fraud

‘Tis the season to be … wary. The holiday weeks mean fewer days in the office — online or onsite. Staffers embark on their usual...

READ MORE >
Featurespace Looks to Tackle $2T Money Laundering Wave
Featurespace Looks to Tackle $2T Money Laundering Wave
November 22, 2022  |  Artificial Intelligence

Anticipating a wave of fraud tied to a global recession in 2023, financial crime prevention firm Featurespace says it is building an artificial intelligence (AI)...

READ MORE >
Railsr Selects Featurespace for AML Analytics Tech
Railsr Selects Featurespace for AML Analytics Tech
November 15, 2022  |  Security & Fraud

The U.K.-based embedded finance company Railsr announced on Tuesday (Nov. 15) that it has partnered with Featurespace to help protect Railsr customers from the threat...

READ MORE >