Diebold Nixdorf (NYSE: DBD), a world chief in automating, digitizing and remodeling the way in which folks financial institution and store, and Featurespace, a world chief in enterprise monetary crime prevention, as we speak introduced that the businesses are partnering to combine its extremely specialised, fraud prevention expertise into Diebold Nixdorf’s Vynamic® Funds platform.
By partnering with Featurespace, Diebold Nixdorf can present monetary establishments a totally built-in funds resolution with confirmed real-time fraud detection and prevention capabilities with out the priority of managing a number of distributors. Vynamic Funds is a cloud-native funds platform that permits the reuse of companies throughout buying, processing and issuing domains, and has been confirmed with main monetary establishments across the globe. The software program’s microservice structure permits enterprise agility and shopper experiences that seamlessly bridge any channel, integration level, fee kind or authentication methodology.
Featurespace’s options are uniquely fitted to deployment into funds platforms because of their world-leading, real-time accuracy even at big scale: the distinctive method of its real-time machine studying is to leverage solely the required information from the authorization stream to ship improved outcomes with out latency, or giant information integration initiatives and workloads. Its ARIC™ Threat Hub, accessible for integration with Vynamic Funds utilizing open APIs, delivers the perfect performing fashions within the playing cards and funds world and helps clients to realize the bottom false optimistic ratios alongside industry-leading fraud catch charges, lowering a financial institution’s complete value of fraud. The platform’s Adaptive Behavioral Analytics and Automated Deep Behavioral Networks routinely detect and forestall even probably the most subtle kinds of fraud and monetary crime.
Martina King, CEO, at Featurespace stated: “Featurespace is on a mission to make the world a safer place to transact, and this new partnership with Diebold Nixdorf is a crucial milestone on this journey. Fraud prevention is a vital aspect in any fee’s modernization program. Via this partnership, monetary establishments can defend each buyer and transaction with ARIC Threat Hub built-in into their transaction monitoring and processing.”
Joe Myers, government vp, World Banking, at Diebold Nixdorf stated: “We’re excited to start this partnership with Featurespace because the expertise and product options of ARIC Threat Hub completely align with Diebold Nixdorf’s funds transaction processing. Fraud administration is a essential a part of the fee’s ecosystem. By integrating the holistic resolution into our Vynamic Funds platform, we will present monetary establishments with probably the most highly effective and open expertise to fight fraud and monetary crime.”