Security

Diebold Nixdorf partners with Featurespace to offer fraud prevent tech

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October 20, 2022

Diebold Nixdorf is partnering with Featurespace, a financial crime prevention company, to integrate Featurespace's fraud prevention technology with Diebold Nixdorf's Vynamic Payments platform. Through the partnership, Diebold Nixdorf will provide real-time fraud detection and prevention on the cloud-native Vynamic Payments, according to a press release.

Featurespace will offer its ARCICTM Risk Hub, which can help banks receive low false positive ratios with fraud catch rates to reduce overall fraud. It uses behavioral analytics to detect fraud.

"Featurespace is on a mission to make the world a safer place to transact, and this new partnership with Diebold Nixdorf is an important milestone on this journey. Fraud prevention is a crucial element in any payment's modernization program," Martina King, Featurespace CEO, said in the release. "Through this partnership, financial institutions can protect every customer and transaction, with ARIC Risk Hub innovations for transaction monitoring integrated into their transaction processing."

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Diebold Nixdorf

As a global technology leader and innovative services provider, Diebold Nixdorf delivers the solutions that enable financial institutions to improve efficiencies, protect assets and better serve consumers.

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