One of 205 organisations to be honoured, Featurespace secured the Queen’s Award for Enterprise – now in its 55th year – for its outstanding commitment to protecting organisations around the globe from financial crime with its award-winning fraud prevention and anti-money laundering software.
“Having studied and founded a company out of Cambridge, UK as well as witnessing our expansion to the Americas and Asia Pacific, this is a tremendous honour and underscores our commitment to excellence and to our customers,” said Dave Excell, founder of Featurespace.
The award follows Featurespace’s launch of Automated Deep Behavioral Networks for the card and payments industry, which provides a deeper layer of defense to protect consumers from scams, account takeover, card and payments fraud, which cost an estimated $42bn in 2020.
Featurespace was recognised in The Sunday Times’ Sage Tech Track 100, which celebrates Britain’s private technology companies with the fastest-growing sales. The company also recently received a Business Culture Award for “Culture in a Crisis” by demonstrating strength in its strong culture before and during the pandemic.