Feedzai has launched a solution to find and visualise complex financial crime patterns using link analysis graph technology.
The new solution, called Feedzai Genome, is powered by Feedzai’s underlying advanced AI. Its interface allows users to see the actual shape of financial crime, instantly identify all related transactions within a group, and take action on the illicit activity in real time. As a result, fraud investigators and analysts can now find and visualize complex financial crime patterns.
The technology underlying Feedzai Genome sequences the hidden DNA of fraud by using augmented intelligence to find connected fraud and money laundering actors. The company claims this can even be done when some of those relationships would have otherwise ‘been nearly impossible to detect’, and so far, the solution has proven successful at catching massive and highly distributed bot attacks, sophisticated money laundering networks, and more.
Feedzai Genome visualizes connections between all types of data streams: transactions, identity, location, and more — integrating data sources that are internal (e.g., CRM, KYC), private (e.g., 3rd party enrichers), and public (e.g. Dark Web). Genome learns over time, automatically finding and surfacing similar patterns for different AML and fraud typologies such as mule accounts, layering tactics, triangle schemes, structuring, account takeovers, bot attacks, and more.
“Fraud patterns are getting more complex as criminals continue to get more sophisticated to avoid detection. Feedzai Genome gives our customers a full picture of financial crime so that they can fight it more effectively,” says Paulo Marques, Feedzai CTO and co-founder. “Allowing analysts to do all of that in this new interface is going to change the way our customers work every day.”
Feedzai’s latest product innovations include Feedzai AutoML, automated machine learning that vastly speeds up feature engineering and other parts of the fraud detection lifecycle, and Feedzai OpenML, which allows data scientists to import open source and third-party tools to the Feedzai Risk Engine.
Feedzai’s AutoML and OpenML work in conjunction with Genome, creating speed, flexibility, and accuracy previously unseen in the fraud prevention industry, the company said in a statement.
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