Leveraging machine learning and secure, federated data from its customer base and third-party vendors, Feedzai announced this week the release of its latest financial crime prevention solution, Risk Ledger.

Feedzai’s Risk Ledger uses the 30 million transactions processed by its system every day – including more than 100 different payment methods – to deliver a more accurate and comprehensive anti-fraud solution compared to siloed data offerings.  By processing such a wide range and number of data elements (i.e., cards, IPs, merchants, emails) along the full cycle of the customer journey (from onboarding to compliance), Risk Ledger provides anti-fraud and anti-money laundering defense for all members of the payment process from issuers and acquirers to merchants and networks.

“Our goal has always been to make it harder and harder for fraudsters to hide, while making it easier for businesses to serve their loyal customers without friction,” Feedzai Head of Product Saurabh Bajaj explained. “As our customer base across the world continues to grow, the network effect of all of that data will only make Risk Ledger stronger.”

Risk Ledger is the latest solution from Feedzai designed to help fight financial crime. In October, the company unveiled Feedzai Genome, which enables financial fraud investigators to use link analysis graph technology to visualize and identify complex financial crime patterns and take action in real time. Powered by Feedzai’s advanced AI, Feedzai Genome learns over time, keeping pace with evolving AML and fraud typologies.

“Fraud patterns are getting more complex as criminals continue to get more sophisticated to avoid detection,” Feedzai CTO and co-founder Paulo Marques said when the technology was introduced. “Feedzai Genome gives our customers a full picture of financial crime so that they can fight it more effectively.”

With $5 billion in transactions scored daily, Feedzai serves ten of the largest 25 banks in the world, protecting 200 million people against cyberfraud. The company has raised $82 million in funding and includes Data Collective DCVC, Sapphire Ventures, Citi Ventures, and Oak HC/FT among its investors.

Earlier this year, Feedzai introduced its AutoML technology, leveraging machine learning to automate many of the most time-consuming processes for data scientists fighting cybercrime. In July, the company teamed up with Credorax, an e-commerce focused commercial bank, to help merchants better defend themselves against fraud.

Named to the Inc. 5,000 Europe roster for 2018 this summer and honored with a spot on the Forbes Fintech 50 at the beginning of the year, Feedzai demonstrated its fraud prevention technology at FinovateEurope 2014. The company was founded in 2008 and is based in San Mateo, California.

Feedzai is deploying its AutoML machine learning technology to automate many of the most tedious and time-consuming processes for fraud-fighting data scientists. AutoML enables these professionals to create fraud prevention solutions 50x faster than they could using traditional data science workflows. This also gives data scientists more time to work on emergent and more complex fraud challenges.

“We’ve proven that Feedzai AutoML can get virtually the same results in a few hours, that would normally take a team of data scientists weeks to achieve,” co-founder and Chief Science Officer Pedro Bizarro said. “This is a ground-breaking advancement for Feedzai, but even more so, it’s something that will provide a substantial competitive advantage to our customers.”

Feedzai co-founder and CEO Nuno Sebastiaõ credited those customers as the inspiration behind Feedzai’s latest innovations. These include OpenML, a solution launched this spring that enabled data scientists to integrate open source third party tools to the Feedzai Risk engine.

“Our customers spoke, and we listened,” Sebastiaõ said. “AutoML and OpenML are the two latest examples of Feedzai’s dedication to bringing the market the best possible fraud prevention solutions. In the months to come, you can expect to see more and more of these kinds of innovations.”

Founded in 2008 and headquartered in San Mateo, California, Feedzai demonstrated its platform at FinovateEurope 2014. Last month, the company announced that it was partnering with Credorax to help the merchant acquisition specialist better protect its merchants against fraud. The company began the year with its first appearance on the Forbes Fintech 50 of top privately-owned fintechs.

Feedzai has raised more than $52 million in funding. The company’s investors include Data Collective, Sapphire Ventures, Citi Ventures, and Oak HC/FT.

A new partnership between financial services risk management solutions provider Feedzai and Credorax is designed to help merchants better protect themselves against fraud.

“Feedzai and Credorax will provide the best solution for merchants that need a powerful risk management and fraud prevention platform to protect their customers in a seamless way,” Feedzai CEO Nuno Sebastiao said. “With Feedzai technology backing Credorax, we are helping to keep payments safe, while ensuring real-time processing – which is especially important in a world where digital means now.”

A technology company founded in 2008 that was among the first to transition into a fully-licensed commercial bank, Credorax credits itself as the first bank designed for e-commerce. A specialist in merchant acquiring, the firm has merchant acquiring banking licenses in 32 countries in Europe.

“Credorax is proud to partner with Feedzai to market AI solutions that better safeguard merchants and their customers,” Credorax CEO Igal Rotem said. “We continue to dedicate significant resources to help solve complex issues and are confident that, working together, we will fuel growth in the digital economy.”

Founded in 2008 and headquartered in San Mateo, California, Feedzai demonstrated its Feedzai Fraud Prevention platform at FinovateEurope 2014. The company’s technology leverages Big Data technology to stop payment fraud in real-time, and uses machine learning models to reduce incidents of false alarms.

In April, Feedzai launched OpenML, an open machine learning engine to help data science teams develop tools to combat fraud. The previous month, the company announced a new head of APAC, Steve Liu, and the opening of a new office in Hong Kong. Feedzai’s platform scores $5 billion in transactions daily, with ten of the largest 25 global banks using the company’s technology.

Named to the Forbes Fintech 50 for the first time earlier this year, Feedzai has raised $82 million in funding. The company includes Data Collective, Sapphire Ventures, Citi Ventures, and Oak HC/FT among its investors.