Feedzai’s AI Technology Earns Industry Recognition by Chartis
Feedzai, the world’s first RiskOps platform, has achieved two significant accolades from Chartis Research. We are proud to be recognized as the leading AI-driven anti-fraud platform and to rank among the top 5 overall in the prestigious RiskTech AI 50 2024 rankings.
These achievements underscore Feedzai’s pioneering role in leveraging artificial intelligence and machine learning to advance financial risk management. With an AI-first approach, our technology is designed to swiftly adapt to emerging fraud and scam patterns.
Feedzai Among Top 5 in RiskTech AI 50 2024 Rankings
It is a privilege to be named the top AI-driven anti-fraud platform in Chartis Research’s RiskTech AI 50 2024 report. This recognition reflects our unwavering commitment to empowering the financial sector with real-time fraud detection and prevention, delivering unmatched precision through state-of-the-art AI and machine learning.
We are equally honored to place #4 overall in AI, a notable achievement in a highly competitive industry. This ranking highlights Feedzai’s innovative approach to combating fraud and financial crime.
Driving Financial Services with an AI-First Approach
Feedzai’s recognition stems from its AI-first foundation. From the very beginning, we have built our platform with AI at its core, ensuring our models are flexible, responsible, and well-governed—key differentiators in fraud and financial crime prevention.
Unlike many legacy systems developed before the rise of AI, Feedzai’s technology was purpose-built for modern challenges. Traditional systems often rely solely on rules-based models, which, while effective against established fraud patterns like account takeovers or card-not-present fraud, struggle with evolving threats such as authorized push payment scams.
Understanding customer behavior is critical in addressing complex, individualized fraud scenarios like elder fraud or purchase scams. Rules-based systems alone often fall short in these nuanced cases.
Feedzai’s patented technologies are tailored exclusively for fraud and financial crime prevention. At the heart of our platform is AutoML, which accelerates the deployment of machine learning models from weeks or months to mere days, streamlining the fight against fraud.
Continued Recognition for Feedzai’s Innovative AI Technology
The acknowledgment from Chartis Research reinforces Feedzai’s dedication to safeguarding commerce and financial services through advanced AI and machine learning. This honor adds to a series of accolades affirming our leadership in fraud prevention.
Recently, Feedzai was named a Leader in the 2024 IDC Worldwide Enterprise Fraud Solutions Vendor Assessment. The IDC MarketScape report highlighted our omnichannel capabilities, enabling real-time monitoring of customer interactions and transactions to enhance accuracy and improve customer experiences.
Additionally, Feedzai was recognized as a Leading Contender in Datos Insights’ Behavioral Biometrics Market Analysis for innovations in behavioral biometrics and device fingerprinting. Our biometrics solution also earned recognition in Quadrant Solutions’ SPARK Matrix™: Behavioral Biometrics, 2023 report.
To Know More, Read Full Article @ https://ai-techpark.com/feedzai-ranks-top-5-in-risktech-ai-50-2024/
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