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20 April, 2022 - 21:15 By Tony Quested

Featurespace and Monavate in FinTech alliance

Cambridge-born and based technology companies Featurespace and Monavate have partnered to embed the former’s world-leading fraud solution ARIC Risk Hub in full-service issuing platform Monavate One.

The partnership gives Monavate customers access to Featurespace’s fraud services direct from the platform. 

Featurespace’s ARIC Risk Hub will sit alongside a suite of complementary issuing services all within a single portal. The Monavate platform will provide card issuance, processing, IBANs, data analytics, card fulfilment and more for the E2E setup, launch and scaling of fintech-led card products.

ARIC Risk Hub’s self-learning technology gives Monavate the ability to apply adaptive machine learning models to identify fraud that standard rules-based systems would otherwise miss. 

Ease of implementation backed with Featurespace’s years of experience enables Monavate to jump ahead in their fraud strategy and to add a next-generation fraud product to their core offering. 

With Monavate’s clients coming increasingly from leading-edge markets such as Crypto, NFT, and DeFi, equally innovative tech-led risk management is critical.

Scott Lucas, Monavate’s chief commercial officer, said: “With UK FinTech investment reaching over $37 billion last year, there’s no shortage of great ideas in market. Great ideas however, that are often burdened by complex and lengthy card program set-up, largely a result of a traditionally disjointed and segregated supplier ecosystem. By putting these services in a single platform, including Featurespace’s ARIC Risk Hub, we’re challenging the way card programs are setup, run and scaled.”

By unifying and simplifying this supplier landscape, Monavate says it is making card issuance smarter, simpler and faster than ever before.

Matt Mills, Featurespace’s CCO, added: “Monavate’s technology solves a number of operational problems for fast-growing fintechs and helps accelerate their market growth. We’re excited to partner with Monavate so that their customers get access to the very best fraud prevention technology.”

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