Featurespace™, the leading provider of Enterprise Financial Crime Prevention software, and its ARIC™ Risk Hub, have been named Best in Class and the top performing vendor for product performance by Aite-Novarica Group, a leading advisory firm providing critical insights and advice to financial institutions.
- Customers praise ARIC™ Risk Hub’s application of advanced analytics and high-performing models
- Customers laud ARIC Risk Hub’s model explainability, transparency, essential for governance and regulatory requirements
- Featurespace’s payment fraud detection solution named product performance leader
The competitive research conducted by Aite-Novarica Group assessed four specific criteria, with Featurespaceexcelling in each. Notable callouts include:
- ARIC™ Risk Hub was the leader in product performance. The proprietary payment fraud detection and prevention solution monitors transactions and predicts behavior in real time, enabling banks to evaluate and mitigate risk.
- Featurespace’s customers said the company’s models outperform peers in the market and have continued adapting to the evolving threat landscape, especially during the pandemic.
- ARIC™ Risk Hub delivers market leading functionality for customer model authoring.
- Featurespace’s knowledge of data science, its forward-thinking approach and professionalism were also noted.