Feedzai and Matrix USA are launching a Heart of Excellence to ship a standardized, repeatable method to assist monetary establishments deploy fraud and AML options.
The partnership addresses the rising AI-driven fraud menace, as greater than 50% of fraudsters now use AI.
By combining AI-native expertise with deep implementation experience, the businesses purpose to assist banks modernize fraud and AML applications at velocity and scale with out disrupting day-to-day operations.
Danger administration options supplier Feedzai is teaming up with advisory and expertise companies firm Matrix USA to assist monetary establishments combat the rising threats of fraud and cash laundering.
The 2 firms are collaborating on a Heart of Excellence that can create a standardized method to deploying fraud and anti-money laundering (AML) options.
Highlighting the necessity for fraud prevention methods that may hold tempo with more and more refined threats, Feedzai Co-Founder and CEO Nuno Sebastião stated AI has completely reshaped the monetary crime panorama. “AI has modified the fraud panorama eternally, and monetary establishments want options that may evolve simply as shortly. That requires superior expertise with the correct experience to place it to work successfully. Collectively, Feedzai and Matrix USA will assist monetary establishments translate highly effective capabilities into real-world affect towards refined, AI-enabled monetary crime.”
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 shopper expertise. Immediately, Feedzai protects over one billion customers in additional than 190 nations and safeguards over $8 billion in transactions yearly.
Based in 2006, Matrix USA offers advisory companies to assist monetary establishments forestall monetary crime and keep compliant when leveraging agentic AI, AI and LLM, automation, and mannequin validation instruments. The New Jersey-based firm operates in additional than 20 nations and has applied greater than 1,000 tasks.
With new developments in AI changing into extra accessible than ever, the partnership comes at a key time. In accordance with analysis from Feedzai, greater than 50% of fraudsters now use AI. When paired with banks’ outdated infrastructure, the enabling expertise is widening the hole between more and more refined monetary crime and the instruments establishments have used for many years.
Relating to the stress banks face as they modernize legacy techniques, Matrix USA CEO Lior Blik stated monetary establishments should strengthen fraud and AML defenses with out slowing enterprise operations. “Monetary establishments are underneath super stress to modernize their fraud and AML defenses with out slowing down enterprise. By pairing Feedzai’s industry-leading AI capabilities with our deployment and integration experience, we’re giving clients a quicker, extra dependable path to superior prevention and stronger compliance.”
By combining Feedzai’s AI-native monetary crime prevention expertise with Matrix USA’s implementation and advisory experience, the 2 firms purpose to ship a structured, repeatable method that helps monetary establishments combat fraud and cash laundering at velocity and scale with out disrupting day-to-day operations.
Picture by Tara Winstead
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