Feedzai Fraud Prevention Helps Make Omni-Channel eCommerce Safe

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This post is part of our live coverage of FinovateEurope 2014.

Our final presenter of the first afternoon session is Feedzai. The team from San Mateo, California is making their way to the stage right now.

Feedzai Fraud Prevention blocks payment fraud in real time – online, in store, mobile and wherever customers shop. Built with the latest Big Data technology, Feedzai Fraud Prevention works transparently to risk score every single checkout transaction in under 25 milliseconds. Machine-learning models reduce the false alarms that overload order review staff. Individual 1-1 behavioral profiling detects more fraud than possible before. White-box scoring techniques provide clear, human readable explanations to enable a rich customer experience.”
Presenting Nuno Sebastio (CEO) and Nuno Pires (VP Sales)

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Product Launch: September 2013
Metrics: $4.4 million raised, 40 employees, achieved profitability
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: San Mateo, California
Founded: November 2008
Website: feedzai.com
Twitter: @feedzai

Feedzai Brings its Fraud Prevention Solutions to United States

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Just two weeks before taking the stage at FinovateEurope in London, fraud prevention company Feedzai announced that it will be taking its solutions across the pond to the United States.

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Feedzai’s technology uses big data and machine learning to understand user behavior and prevent fraud.

While this core service has been around since 2008 in Europe, the Portugal-based company will debut a new solution at FinovateEurope in a couple weeks. The new technology will help banks privately connect with users via social apps such as Facebook and Yelp. To get a better look at what it plans to demo, check out the sneak peek here.

To watch Feedzai demo its new solution live on the FinovateEurope stage, get your ticket here.

Finovate Alumni News– January 29, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgKensho raises $10 million in seed funding ahead of Finovate debut.
  • ACI Worldwide partners with Integrated Research to launch Prognosis 10 for Payments.
  • TSYS CEO assures his company has no exposure from Target data breach.
  • Fiserv announces availability of its Vantage Risk and Budgeting Manager application as a hosted SaaS option.
  • Prosper selects First Associates to provide backup loan servicing for its P2P lending platform.
  • Feedzai brings its fraud prevention solutions to United States. Come see Feedzai’s live demo at FinovateEurope February 11-12.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FinovateEurope 2014 Sneak Peek: Part 3

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To help you prepare for FinovateEurope 2014, our fourth Finovate event in London, we’ve compiled a small taste of what the companies will demo over the course of February 11 and 12. To see each company demo live, get your ticket here.

Below, you’ll find a preview of the next 6 companies in our series. If you missed the first 2 posts, check out:


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The Currency Cloud provides a transparent online service powering international payments firms. It enables businesses to move money around the world easily, quickly and securely.

Features

  • The ability to hold multi-currency balances in an ewallet
  • Faster international payments
  • Delivered though our upgraded intuitive interface
  • Why it’s great:
    Moving money should be easy. It powers next-generation companies with a transparent, fast and trusted global payments platform to transform how the world moves money.  

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    Mike Laven, CEO
    Mike is a seasoned FinTech expert who has been pioneering innovation for over 30 years
    LinkedIn

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    Richard Bastin, CTO
    With a lifelong passion for technology, Richard has been leading technology departments for over ten years
    LinkedIn


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    ETRONIKA unites emerging trends and innovative techniques in IT solutions to amaze the market and create unique opportunities for clients in finance, banking and e-businesses.

    Features:

      • Holistic multichannel partnership ecosystem for banks and partners
      • Personalized service offerings enabled by smart data analysis
      • Customer loyalty platform with enhanced fraud prevention

    Why it’s great
    Its ecosystem helps banks and partners to achieve customer experience beyond expectations through upgraded smart data analysis engine and maximized fraud prevention. 


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    Kestutis Gardžiulis, CEO
    Kestutis has 18 years experience in banking and e-channel development. With a background in visual arts and quantum electronics, he is a true idea generator. 
    LinkedIn

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    Asta Sabaite, Head of Marketing
    Asta’s broad marketing perspective comes from years of multinational practice in FMCG and retail industries. Her creative and analytical skills are devoted to fully understand client’s needs.
    LinkedIn


    Feedzai provides payment fraud prevention at Big Data scale.

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    Features
      • Connect mobile bank apps to social apps such as Facebook and Yelp, privately
      • Consumers check in and post status (geolocation) to protect their transactions
      • Feedzai’s fraud software lets banks “friend” customers, offering added peace-of-mind
    Why it’s great:
    Feedzai lets consumers and Banks be Facebook friends in order to make omnichannel commerce safe.

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    Nuno Moura Pires, VP of Sales
    Nuno is a senior sales executive with 15 years experience with a solid and extensive experience in technology and software companies like QlikView and SAS.
    LinkedIn

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    IND Group is a digital banking, PFM and payments technology software innovator and vendor for financial institutions.
    Features:
      • Turns the mobile banking channel into a real-time communication platform 
      • Persona-based design
      • Revolutionary card view concept
    Why it’s great: With IND Essence, all services are only a few taps away – anytime, anywhere. Mobile banking has never been so comfortable and easy, yet secure.  

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    József NYÍRI
    József is the Co-Founder and Chief Innovator of IND Group, market leader of innovative banking front-office solutions.

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    Tamas BRAUN
    Tamas is the General Manager of IND (UK), a subsidiary of IND Group, a leading international innovative banking front end solution vendor.

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    Meniga is the European market leader of white-label Personal Finance Management (PFM) and next-generation digital banking solutions.
    Features
      • Unique way to create value from data and analyze spending behavior
      • Anonymous and based on consent of retail banking customers
      • New revenue stream. Actionable, real-time insights into retail markets
    Why it’s great
    The Market Watch provides unprecedented, real-time, insights into consumer spending behavior, allowing banks to offer a highly valuable service to retail industry players. 

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    Georg Ludviksson, CEO
    Georg is an accomplished technology entrepreneur with over 15 years of experience of founding, building and managing software companies with a global perspective. 

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    Einar Gústafsson, VP Product Management at Meniga
    An interaction and information designer with a special focus on financial data and online banking. Einar has been working in the web industry since 1998 and is responsible for Meniga’s product roadmap.

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    Trustev provides real time, online identity verification to eliminate fraud and increase revenues.
    Features
      • Brings retail identity decision making in the internet age
      • Provides identity decisions in real time
      • Uses multiple independent dynamic data sources 
    Why it’s great:
    Its rigorous authentication technologies deal with fraudsters, so you can serve your real customers.

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    Pat Phelan, CEO & Co-founder
    One of Ireland’s best-known serial entrepreneurs, Pat Phelan is recognised across the globe as one of the most connected men in the technology industry.

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    Chris Kennedy, CTO & Co-founder 
    Kennedy is a web professional with over 10 years experience in developing state of the art web engineering solutions with a speciality in building heavy duty web platforms.


    Stay tuned over the next few weeks for more in our Sneak Peek series.