Feedzai has launched Feedzai IQ, a fraud intelligence resolution that makes use of anonymized, distributed knowledge to ship real-time danger assessments with out compromising buyer privateness.
Key options embrace TrustScore and TrustSignals, which offer network-wide fraud danger scores and indicators to enhance accuracy and cost acceptance.
Early adopters like Jack Henry and Novobanco are piloting the answer, signaling a rising business shift towards collaborative, AI-driven fraud prevention.
Danger administration supplier Feedzai unveiled right now that it has launched Feedzai IQ, a brand new fraud intelligence layer that makes use of anonymized, network-wide knowledge to detect monetary crime in actual time with out compromising privateness.
In contrast to conventional data-sharing fashions that increase privateness and compliance considerations, Feedzai IQ makes use of anonymized, distributed knowledge to generate real-time fraud insights with out sharing uncooked buyer knowledge. This permits monetary establishments to faucet into the collective intelligence of the community whereas defending delicate data.
“We’ve at all times believed that the true energy of AI is simply unlocked via entry to significant, high-quality knowledge,” stated Feedzai Chief Product Officer Pedro Barata. “Whereas AI is surrounded by hype right now, Feedzai has led the best way in making use of actual AI to actual issues—and now, with Feedzai IQ, we’re combining our AI experience with safe, network-wide intelligence. It’s a breakthrough that takes fraud prevention to a wholly new degree.”
Key parts to Feedzai IQ are TrustScore, which affords a real-time fraud danger rating primarily based on network-wide intelligence; and TrustSignals, danger indicators that enhance accuracy and enhance cost acceptance.
Among the many companies piloting Feedzai IQ are business leaders Jack Henry and Novobanco, signaling rising demand for fraud intelligence instruments that steadiness safety and buyer expertise. “Know-how is enabling more and more subtle fraud threats,” stated Matt Riley, President of Complimentary Options at Jack Henry. “Improvements resembling Feedzai IQ contribute considerably to the business’s capability to adapt to rising threats and improve operational effectiveness.”
Feedzai was based in 2011 as a danger operations platform specializing in id verification, fraud prevention, and monetary crime detection. The corporate’s AI-powered options span KYC, AML, watchlist screening, and transaction fraud monitoring to assist monetary establishments cease fraud in actual time with out compromising the client expertise. As we speak, Feedzai protects over one billion shoppers in additional than 190 international locations and safeguards over $8 billion in transactions yearly.
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