Featurespace delivers Automated Fraud detection solution to Contis


                               Martina King

Featurespace has announced the delivery of its ARIC Fraud Hub to UK-based banking, payments, and processing solutions provider, Contis within a 92-day timeframe.

“Record-breaking enterprise, on-premise deployment requires exceptional technologists and teamwork. This three-month delivery is a testament to our shared determination to make the banking and payments safer and faster, and we couldn’t be more pleased,” said Martina King, CEO of Featurespace.

According to the supplier, ARIC Fraud Hub was selected by Contis back in 2018, followed by its integration initiation in 2019. The integration will help Contis in detecting fraud for authorized push payments and will prepare the company for the effects of the new payments directive, PSD2.

Flavia Alzetta, CEO of Contis, said, “From the onset, Featurespace’s team showed why the company is a leader in fraud detection with unmatched expertise and mature technological capabilities. Their first-class training and ongoing responsiveness and support ensured cohesion across all teams, enabling us to better protect our banking and payments clients and keep them ahead of criminals.”

Recently, Featurespace announced that Ireland-based Permanent TSB, a provider of retail banking, mortgage, insurance, and other financial services, will deploy the Featurespace ARIC platform to help the bank comply with the forthcoming regulatory requirements of PSD2.

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