Featurespace is starting off the new year with a new Chief Financial Officer – Jonathan Crossfield.
“I am pleased to welcome Jonathan to our leadership team. He brings a wealth of industry experience and sector knowledge which will be invaluable to developing the business further as we expand internationally,” Featurespace CEO Martina King said.
Crossfield (pictured) comes to Featurespace after serving as a partner at Oakhall, a consultancy firm where he performed market analysis, financial modeling, fundraising, and business development for privately-held technology companies. Trained as a Chartered Accountant with Deloitte, Crossfield was an Equity Research Analyst for Bank of America Merrill Lynch for more than seven years, and a Technology Analyst at Cazenove for four years. He is also currently Financial Advisor for London-based data center, Aegis Data.
“I have known Featurespace for some time and am delighted to see the company’s advanced fraud prevention solutions achieving industry-wide recognition from clients,” Crossfield said. “The opportunity to work with such a talented and experienced team at this stage in the company’s growth trajectory is incredibly exciting.”
Founded in 2008 and headquartered in Cambridgeshire, U.K., Featurespace demonstrated its ARIC Fraud Manager solution at FinovateFall 2016. The platform leverages the ARIC engine, a machine learning software platform developed at the University of Cambridge, to distinguish legitimate activity from anomalous behavior in real time.
Describing the technology during his Finovate demo, Chief Operating Officer Matt Mills noted that Featurespace has been able to help its customers do everything from detect credit card fraud to “spotting people who have a gambling addiction from the way they are playing with the machines inside the casinos.” The company’s customers include Vocalink/Zapp, William Hill, and fellow Finovate alum, TSYS.
Ranked in the Deloitte Technology Fast 50 for the second year in a row and named to the European Business Awards inaugural Ones to Watch list for 2018, Featurespace’s technology has been deployed with organizations that operate in more than 180 countries. The company has raised more than $38 million in funding and includes Highland Europe and TTV Capital among its investors.