Last year, the company's technology was used to analyse $800 million in daily real-time purchases for its merchants, banks, and payment processing customers. Citibank ’s venture capital fund has backed California - based fraud detection company Sage 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 as much as 10 minutes sooner than other solutions , exposing up to 60 % more fraudulent transactions with a lower rate of false alarms . Last year it analysed daily transactions worth $ 800 m .
Citibank ’s venture capital fund has backed California - based fraud detection company Sage 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 as much as 10 minutes sooner than other solutions , exposing up to 60 % more fraudulent transactions with a lower rate of false alarms . Last year it analysed daily transactions worth $ 800 m .