HSBC chooses Featurespace technology
Featurespace’s fraudbusting technology has been chosen by HSBC to support efforts to strengthen anti-money laundering and fraud efforts in the insurance and retail fields.
HSBC joins a number of other prominent financial institutions using the Cambridge company’s ARIC platform, including Worldpay, ClearBank and TSYS, among others.
Martina King, CEO at Featurespace said: “In the fight against the ever-evolving threat of financial crime, collaboration is key. These firms’ application of our technology will help them in optimising the detection of suspicious activity, ultimately protecting their customers from the global impact of financial crime.”