Featurespace

At the time of our welcome change in ownership to Visa, we at Featurespace have extended our heartfelt thanks to our team members, past and present, our investors, and Visa. This thank you note is for the industry we serve; for those people in organizations who were brave and inquisitive. Our CEO Martina King has shared her gratitude to the industry here: https://lnkd.in/eQFdBrUe

Featurespace is now a Visa Solution. 🚀 This is a momentous occasion for our company, our team members, the industry, and most importantly, our valued customers. As a Visa Solution, Featurespace will continue to invest in fraud prevention and detection technologies, delivering exceptional performance across the entire payment lifecycle. Innovation remains our core focus, and joining Visa will empower our talented team, particularly our esteemed scientists. To all those who’ve supported us: we deeply appreciate your partnership over the years. Our commitment to the industry remains unwavering. Your dedicated Featurespace team will continue to serve you, with the global strength and breadth of Visa people and solutions. 🦾  

When it comes to scams, have you heard of pig butchering, or as INTERPOL have recently re-termed it romance baiting? 🌹 In our most recent episode of Scam Detectors, BBC Cyber Correspondent Joe Tidy explains what the term "pig butchering" means and why this type of scam was given its gruesome name (which now refers to as 'romance baiting') Here’s how it works: ❣️Befriend the victim on the internet and form a romantic relationship ❣️ Gradually take money from the victim, "fattening the pig" ❣️Leave, effectively "butchering the pig" A brutal experience for victims, who are being emotionally manipulated as well as losing their hard-earned money. These criminals must be stopped. Listen to the full episode here 👉https://lnkd.in/eX7-HkCj

What a year! Let's take a moment to celebrate our 2024 milestones: 🏆 Multiple award wins including Tech Businesswoman of the Year and Best Digital Solution Provider at Banking Tech Awards 🌟 US patent granted for our Adaptive Behavioral Analytics technology 🛡️ Introduction of ARIC™ Scam Detect, transforming how banks fight APP fraud 🎙️ Launch of Scam Detectors podcast with Jane Wakefield 📅 17 global events attended 🤝 Trusted by 80+ direct customers and 100,000 businesses globally Thank you to our incredible team, clients, and partners who've helped make the world a safer place to transact in 2024. Here's to even more innovation in 2025!

What role does adaptive behavioural analytics play in preventing fraud? We asked the experts 💡 Head of Solutions Consulting Maff Gibson and Presales Solutions Consultant, Ana Raposo, share their insights on the preventative benefits of using the system 📈 👥 It creates profiles on the day-to-day of customers, improving and deepening an understanding of them  ❓It asks the right questions - what would we expect this customer to do? Is it legit or not? - without depending on your customer to be the perfect person 💡It improves an understanding of how, when and where customers transact, with the possibility of empowering customers to understand those trends

At Featurespace, we have always believed in the power of cross-sector collaboration to drive meaningful change. That’s why we’ve joined forces with Which? and other key players across UK industry and financial services to call on the Government to make fraud prevention a national priority. Proud to be working alongside organisations including NatWest, UK Finance, Pay.UK and Starling Bank, as we make progress towards our shared goal of making the UK a safer place to transact for all consumers and businesses. Read the full statement here: https://lnkd.in/epDaFVfH

Another win for innovation! 🏆 Our game-changing Adaptive Behavioral Analytics technology has just secured its U.S. patent - adding to our collection of 20+ patents over 15 years of outsmarting financial crime.   🤖 Featurespace invented Adaptive Behavioral Analytics technology to improve fraud detection and protect customers from real-time scams. 👩💻 This patent approval is the latest recognition of Featurespace’s award-winning technology as it supports the financial services industry in the shift from reactive to proactive fraud prevention strategies. 🏆 Featurespace was named by Forbes in 2023 as one of five UK companies set to make a splash in AI, and this year has won major awards including Best Digital Solution Provider (Banking Tech Awards), one of UK’s top AI start-ups (The Times) and Tech Businesswoman of the Year (UK tech awards 2024) Read more: https://lnkd.in/eTwAsZ6k

If you knew someone you cared about was in danger, and you could help, what would you do?   Scammers use increasingly sophisticated emotional manipulation tactics on victims, and our podcast guest Debbie was no exception.   In our first episode of Scam Detectors, we hear a first-hand account from Debbie, who lost $60,000 through a romance scam via a popular dating app.   We are grateful to Debbie for sharing her story as we work to remove the stigma around victims and show the deceitful and manipulative tactics criminals are using to steal people’s money.   Each week, technology journalist Jane Wakefield will explore different types of scams that impact consumers globally. The debut episode is now live...   Joined by Featurespace CEO, Martina King and BBC Cyber Correspondent Joe Tidy, Jane and her guests look at the devastating world of romance scams, uncovering how fraudsters exploit digital connections to separate victims from their money.   Listen to the not-to-be-missed Episode 1 here 👉https://lnkd.in/eX7-HkCj

As our digital world shape-shifts and grows, so do scams. We caught up with some of our team members, James Wheeler and Kendra R., about the evolution of fraudsters in recent years. Here are their insights 📈 🧑💻The widening prevalence of social media and how it is used for business, communication and general interaction has driven the growth of scams, which is creating an enormous risk to targeted victims. 🥹 The scale and size of scams is often reflected in the storylines of our favourite dramas, but the reality is very real. As humans, we want to create emotional connections, therefore it's humans who are being hacked in a less transactional, but more emotional way. To hear their thoughts in full, tap play ▶️

What is the true extent and cost of a financial scam? Our report with PYMNTS brought to light some stark figures, which highlight some of the immediate effects on victims, and what the aftermath can look like for them and Financial Institutions. Did you know: 👥 Millennials are most likely to have been a victim, or lived in a household with someone who is a victim of a scam 💔Romance scams resulted in the highest median financial loss 🤔50% of victims considered switching Financial Institutions  👋30% of victims made the move, and switched Financial Institutions Want to see the full picture? Our infographic captures all the stats 👇