Railsr taps Featurespace to boost payment fraud and AML protections
UK-based embedded finance platform Railsr has partnered with fraud and financial crime prevention firm Featurespace to shore up its fraud and anti-money laundering protections.
Railsr taps Featurespace for fraud protection boost
The partnership will see Railsr’s fraud teams utilise Featurespace’s card and payment fraud prevention and AML solutions through Featurespace’s ARIC hub.
Featurespace’s fraud and AML (FRAML) solution will provide a single integration point, enabling Railsr’s platform to scale as the business expands and maintain regulatory compliance.
Matt Mills, Featurespace chief commercial officer, says: “As embedded finance increasingly becomes expected by consumers, making sure they are protected from fraud and financial crime must be expected in equal measure.”
The FRAML solution leverages machine learning, including behavioural analytics and automated deep behavioural networks to profile both genuine and fraudulent behaviour and identify and block criminal activity in real time.
Railsr intends to provide its customers direct access to the ARIC solution so they can manage their own analytics directly, unifying their fraud and AML approaches.
Railsr’s global head of product for financial crime and operations, Stuart Hartley, says that with the adoption of embedded finance, “consumers expect a frictionless payment experience that is built into the transaction process”.
