Soldo partners with Featurespace to curb financial crime

By Gloria Methri

European expense management platform Soldo has partnered with Featurespace to protect its customers against financial attacks.

The partnership will enable Soldo to get access to card and payment fraud prevention and Anti-Money Laundering solutions through Featurespace’s ARIC Risk Hub.

The company will also benefit from Artificial-Intelligence driven watchlist, Politically Exposed Persons (PEPs), and adverse media screening, thus enabling its customers to manage risk and ensure compliance across their business systems.

“Protecting our customers is core to our business. That is why partnerships like ours with Featurespace reinforce our ethos of striving for ways to make their lives easier and more secure”, said Steve Whiting, Head of PayTech at Soldo.

“As an innovative FinTech, we’re excited by how Featurespace’s AI and ML capabilities can be integrated into everything from card and payment fraud through to AML and sanction screening.”

Backed by global investors, Soldo provides a spend management platform to businesses across Europe, enabling efficient company and employee spending, including Sony, Mercedes-Benz, and Eurostar.

“It is great to partner with Soldo, which like us is a fast-growing technology company,” said Matt Mills, Featurespace’s Chief Commercial Officer. “Soldo made it clear from the start that they needed a complete solution; from AML to card and payment fraud, and from PEP to sanctions. We are delighted to have delivered this capability.”

The partnership follows Featurespace’s recent tie-up with Vital4, providing the latter’s customers with the ability to manage financial crime risks across AML, fraud, and sanctions within a single next-generation risk management platform.