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Featurespace enhances fraud protection for Finnish FinTech Enfuce

featurespace

            Martina King, CEO, Featurespace

Risk management provider, Featurespace has announced that Finnish FinTech Enfuce has selected its ARIC Risk Hub for enhancing protection against existing fraud and new attacks. The FinTech claims that it required a flexible fraud prevention solution for their banks, merchants and financial operators that could integrate with its cloud-based payments platform.

“Our clients deserve industry-leading services that allow them to freely and fully concentrate on the success of their core business, without worrying about ever-evolving fraud,” said Monika Liikamaa, cofounder and Chair, Enfuce. “With ARIC Risk Hub, we remove that worry. It’s an extremely intuitive, futureproof risk solution that allows us to protect our clients’ transactions across all verticals, facilitates faster onboarding and supports our growth.”

Featurespace states that the ARIC Risk Hub, built on adaptive behavioural analytics, delivers real-time transaction monitoring for fraud and financial crime and enables financial institutions to detect fraud and suspicious activity as it happens and reduce cases of genuine transactions that are declined.

“Risk exposure and criminal behaviour is constantly growing and we must collaborate more effectively to outsmart them,” said Martina King, CEO, Featurespace. “We are thrilled that Enfuce selected us. They’re innovators that are committed to providing their clients with stellar service and our partnership will keep driving the industry forward.”

Established in 2016, Enfuce offers payment, open banking and sustainability services to banks, FinTechs, financial operators and merchants.

Recently, Featurespace entered into a partnership with Latin American credit bureau Círculo de Crédito in a bid to launch its ARIC platform in Mexico for the provision of an anti-application fraud system to the lenders.

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