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)
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