Diebold Nixdorf partners Featurespace for real-time fraud prevention tech
Diebold Nixdorf has partnered with enterprise financial crime prevention firm Featurespace to integrate the regtech’s fraud prevention tech into its Vynamic Payments platform.
Diebold Nixdorf partners Featurespace
Through the implementation of Featurespace’s ARIC Risk Hub, Diebold Nixdorf will be able to offer financial institutions a cloud-native payments platform with real-time fraud detection and prevention capabilities.
Featurespace’s fraud prevention solution, which integrates using open application programming interfaces (APIs), leverages “adaptive behavioural analytics and automated deep behavioural networks” to automatically detect and prevent “even the most sophisticated types of fraud and financial crime”.
The partnership will strengthen the Vynamic Payments platform, which allows the reuse of services across acquiring, processing and issuing domains and has a proven track record, Diebold Nixdorf says, with “leading financial institutions around the globe”.
Diebold Nixdorf executive vice president of global banking, Joe Myers, says the tech and product features of ARIC “perfectly align” with Diebold Nixdorf’s payments transaction processing.
Featurespace CEO Martina King adds the partnership with Diebold Nixdorf is an “important milestone” as the company looks to “make the world a safer place to transact”.
