Featurespace announces HSBC as the latest global bank using its ARIC™ Platform to combat AML and fraud

Featurespace announces that the ARIC (TM) platform has been selected by HSBC to support efforts to strengthen Anti-Money Laundering and fraud efforts in the insurance and retail fields respectively. HSBC joins a number of other prominent financial institutions in using Featurespace’s ARIC platform, including Worldpay, ClearBank and TSYS, among others.

These institutions are leveraging Featurespace’s Adaptive Behavioural Analytics and machine learning capabilities to monitor transactions, automatically detect anomalies in individual behaviour, and prioritise alerts and predict future threats.

Martina King, CEO at Featurespace said; "In the fight against the ever-evolving threat of financial crime, collaboration is key. These firms’ application of our technology will help them in optimising the detection of suspicious activity, ultimately protecting their customers from the global impact of financial crime.”



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