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UK-based embedded financial platform Railsr has partnered with fraud and financial crime prevention company Featurespace to enhance its anti-fraud and anti-money laundering protections.
Railsr leverages Featurespace to improve fraud prevention
The partnership will see Railsr’s fraud team tap into Featurespace’s card and payment fraud prevention and AML solutions through Featurespace’s ARIC hub.
Featurespace’s Fraud and AML (FRAML) solution provides a single point of integration, enabling Railsr’s platform to scale as your business grows and maintain regulatory compliance.
Featurespace Chief Commercial Officer Matt Mills said:
FRAML solutions leverage machine learning, including behavioral analytics and automated deep behavioral networks, to profile both genuine and fraudulent behavior to identify and block criminal activity in real time.
By giving customers direct access to the ARIC solution, Railsr will allow customers to directly manage their own analytics and integrate their fraud and AML approaches.
With the adoption of embedded finance, “consumers expect a frictionless payment experience embedded in the transaction process,” says Stuart Hartley, Railsr’s global head of products for financial crime and operations. .
