Full-Time
Confirmed live in the last 24 hours
Real-time fraud detection and risk management
Senior
Company Does Not Provide H1B Sponsorship
Remote in UK
This is a remote role, with travel as required.
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Feedzai protects financial institutions, merchants, and payment processors from financial crime by providing risk management and anti-money laundering (AML) solutions. The company uses a machine learning platform that analyzes and scores transactions in under 3 milliseconds, allowing for real-time detection and prevention of fraud while minimizing false positives. This ensures that legitimate transactions are processed smoothly, enhancing customer satisfaction and maximizing revenue for clients. Feedzai's platform supports various payment types, both online and offline, and takes a holistic approach to risk management by examining transactions at an ecosystem level. The company operates on a subscription-based model, generating revenue through service contracts with banks, acquirers, and merchants. Feedzai's goal is to help clients stay compliant with regulations and protect against financial crime, ultimately improving their operational efficiency.
Company Size
501-1,000
Company Stage
Series D
Total Funding
$268.6M
Headquarters
Coimbra, Portugal
Founded
2011
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Remote Work Options
Mastercard and Feedzai, an AI solution provider in financial crime prevention, today announced they are joining forces to make it easier for more banks to identify and stop scams, protecting consumers and businesses globally.As payments continue to evolve, fraudsters are increasingly using AI to scam consumers. This cost more than $1 trillion[1] last year, with more than 50% of consumers saying they had encountered a scam at least once a week[2]. Mastercard is continuously investing in cutting-edge technology and strengthening partnerships to help prevent scams at each stage of the lifecycle – from account opening – to the point the transaction is made.Leveraging the global availability of Feedzai’s advanced fraud platform, which currently helps protect consumers and financial institutions in over 90 countries, the companies will expedite the deployment of Mastercard’s Consumer Fraud Risk (CFR) solution to customers across many key markets globally.In account-to-account payments, CFR provides both the sending and the receiving financial institution with intelligence to help detect and prevent scams in real time. Since it went live in the UK in 2023, data from the country’s Payment Systems Regulator (PSR) shows that the value of authorized push payment (APP) scams has reduced by over 12 percent[3].“With more than half the world’s population affected, the scale of scam fraud is not only having a devastating impact on consumers, but also surpassing the GDP of many individual economies” said Johan Gerber, executive vice president, head of Security Solutions at Mastercard. “Together with Feedzai’s global platform we will scale our first-of-its-kind scams solution to more markets, helping more financial institutions combat financial crime faster than before.”Leading financial institutions already use Feedzai’s AI-native Financial Crime Prevention Platform to protect over a billion consumers globally, and more than $8 trillion in transactions every year.“We are excited to expand our partnership with Mastercard to address escalating financial crime threats,” said Nuno Sebastiao, CEO of Feedzai. “The exponential growth in scams underscores the urgency for financial institutions to adopt AI-based, real-time solutions
Mastercard has teamed with financial crime prevention company Feedzai to help financial institutions prevent scams. “As payments continue to evolve, fraudsters are increasingly using AI to scam consumers,” the companies said in a news release Tuesday (Feb. 18). “This cost more than $1 trillion last year, with more than 50% of consumers saying they had encountered a scam at least once a week.”. To that end, Mastercard will leverage Feedzai’s fraud platform, available in more than 90 countries, to deploy its Consumer Fraud Risk (CFR) solution to customers across many key markets around the world
Backbase, the global leader in Engagement Banking, announces a strategic partnership with Feedzai, the world’s leading provider of financial intelligence solutions, aiming to empower banks to tackle the growing challenge of digital fraud while maintaining seamless customer experiences. The collaboration integrates Feedzai’s Digital Trust solutions with Backbase’s Engagement Banking Platform, giving financial institutions the best in class capabilities to protect, build trust, and improve their customers’ digital banking experiences.“By combining Backbase’s engagement banking expertise with Feedzai’s advanced security capabilities, we’re giving financial institutions the complete package – superior customer experience and intelligent fraud prevention in one integrated platform. Together, we’re setting a new standard for how banks can build trusted digital relationships with their customers.” Jouk Pleiter, CEO & Founder at BackbaseThe partnership delivers immediate value to banks through:Proactive fraud prevention with real-time AI-powered behavioral analysis across all digital channels;Reduced operational costs, due to AI-powered risk assessment that minimizes false positives;Out-of-the-box integration with the complete Backbase Engagement Banking platform and suite of products, giving instant access to the Feedzai capabilitiesFeedzai’s sophisticated Digital Trust platform – which analyzes user behavior, device health, and potential threats in real-time – is paired with Backbase’s Engagement Banking Platform to create a powerhouse solution for financial institutions. While Backbase orchestrates seamless customer interactions that drive growth, Feedzai’s intelligent security works invisibly in the background, ensuring every digital interaction is protected without compromising the experience.“As the financial services industry evolves, security can no longer be an afterthought — it must be woven into the very fabric of the customer experience. By partnering with Backbase, we’re empowering financial institutions to deliver a unified, seamless journey that not only protects customers from fraud, but also ensures they feel valued, understood, and safe.” Nuno Sebastiao, CEO and Co-Founder at Feedzai
Colombian payment processing company Credibanco has begun working with Feedzai to detect and prevent fraud in real time, and be able to integrate new product offerings.
Feedzai wins Best Use of AI in Fraud and Financial Crime Prevention.