back Back

Railsr partners with Featurespace to fight fraud and financial crime

By Gloria Methri

November 15, 2022

  • AIML
  • Breach
  • Compliance
Share

Featurespace, RailsrEmbedded finance platform Railsr has partnered with Featurespace to protect its customers and their consumers from the growing threat of fraud and financial crime.

The partnership will see Railsr combine its expert fraud teams with Featurespace’s ARIC Risk Hub, which offers multiple solutions for fraud and Anti-Money Laundering analysts .

Featurespace’s fraud and AML (FRAML) solution will provide a single integration point, enabling Railsr’s platform to grow in line with business expansion and maintain regulatory compliance.

“As the market accelerates towards embedded finance, consumers expect a frictionless payment experience that is built into the transaction process. With Featurespace’s AI and ML capabilities, Railsr can provide an enhanced level of customer experience, making consumers’ lives simpler and safer.” said Stuart Hartley, Global Head of Product for Fincrime and Operations.

“After an extensive review, the Featurespace platform, multi-tenancy capabilities, team and proven track record meant they stood out as the right technology partner for us. We share the same goals for the industry and have enjoyed building a strong collaborative relationship”.

Within 12 months, Railsr will provide their customers access to ARIC Risk Hub so they can manage their own analytics directly. This will give Railsr’s customers a one-stop shop for FRAML in a multi-tenancy instance with a harmonized UI for fraud and AML.

“The Railsr platform is a natural fit for Featurespace,” said Matt Mills, Featurespace’s Chief Commercial Officer. “As embedded finance increasingly becomes expected by consumers, making sure they are protected from fraud and financial crime must be expected in equal measure. Railsr have recognized this early and added a critical layer of self-learning technology to ensure their customers get only the best experience.”

Previous Article

November 15, 2022

Travelex Bank chooses ThetaRay SONAR AI-powered solution for transaction monitoring

Read More
Next Article

November 15, 2022

Paysend introduces ‘Paysend Libre’ in Northern Central America

Read More








IBSi Daily News Analysis

Cybersecurity, financial services

May 17, 2024

AIML

Most of KSA organizations uses AI in their cybersecurity strategies, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

May 17, 2024

Niyogin acquires ‘Superscan’ from Orbo.ai to propel AI-led neo-banking

Read More

May 17, 2024

INSTANDA & UnderwriteMe team to transform life insurance with no-code tech

Read More

May 17, 2024

M&T Bank taps nCino & Rich Data Co. to manage credit risk and loan performance

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023