Feedzai ’s venture capital subsidiary has backed AI-based fraud detection firm Feedzai with a “multi-million” pound investment. Feedzai uses machine learning to detect anomalies and highlight potential cases of fraud related to banking and shopping. "Our investment in Feedzai will help support the continued development of their unique machine learning platform, which provides the ability to identify new and emerging threats and protect bank customers at scale." The California -based company has claimed it can detect fraud Last year sooner than other solutions, exposing up to 60% more fraudulent incidents with a lower rate of false alarms. as much as 10 days it analysed daily transactions worth $800 million .
Feedzai ’s venture capital subsidiary has backed AI-based fraud detection firm Feedzai with a “multi-million” pound investment. Feedzai uses machine learning to detect anomalies and highlight potential cases of fraud related to banking and shopping. The California -based company has claimed it can detect fraud Last year sooner than other solutions, exposing up to 60% more fraudulent incidents with a lower rate of false alarms. as much as 10 days it analysed daily transactions worth $800 million .