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Feedzai has launched Feedzai IQ, a fraud intelligence resolution that makes use of anonymized, distributed information to ship real-time threat assessments with out compromising buyer privateness.
Key options embrace TrustScore and TrustSignals, which offer network-wide fraud threat scores and indicators to enhance accuracy and fee acceptance.
Early adopters like Jack Henry and Novobanco are piloting the answer, signaling a rising trade shift towards collaborative, AI-driven fraud prevention.
Threat administration supplier Feedzai unveiled right this moment that it has launched Feedzai IQ, a brand new fraud intelligence layer that makes use of anonymized, network-wide information to detect monetary crime in actual time with out compromising privateness.
Not like conventional data-sharing fashions that increase privateness and compliance considerations, Feedzai IQ makes use of anonymized, distributed information to generate real-time fraud insights with out sharing uncooked buyer information. This permits monetary establishments to faucet into the collective intelligence of the community whereas defending delicate info.
“We’ve all the time believed that the true energy of AI is simply unlocked by entry to significant, high-quality information,” stated Feedzai Chief Product Officer Pedro Barata. “Whereas AI is surrounded by hype right this moment, Feedzai has led the way in which in making use of actual AI to actual issues—and now, with Feedzai IQ, we’re combining our AI experience with safe, network-wide intelligence. It’s a breakthrough that takes fraud prevention to a wholly new degree.”
Key parts to Feedzai IQ are TrustScore, which affords a real-time fraud threat rating based mostly on network-wide intelligence; and TrustSignals, threat indicators that enhance accuracy and enhance fee acceptance.
Among the many corporations piloting Feedzai IQ are trade leaders Jack Henry and Novobanco, signaling rising demand for fraud intelligence instruments that stability safety and buyer expertise. “Know-how is enabling more and more refined fraud threats,” stated Matt Riley, President of Complimentary Options at Jack Henry. “Improvements akin to Feedzai IQ contribute considerably to the trade’s capability to adapt to rising threats and improve operational effectiveness.”
Feedzai was based in 2011 as a threat 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 client expertise. In the present day, Feedzai protects over one billion shoppers in additional than 190 nations and safeguards over $8 billion in transactions yearly.
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