Fraud prevention startup Featurespace raises million

Featurespace — a global leader in machine learning fraud prevention using Adaptive Behavioural Analytics, has raised $9 million (£6.2 million) from a funding round led by TTV Capital — the leading US-based early stage financial services technology venture capital firm.The round also includes participation from existing investors, including Imperial Innovations Group plc, Nesta, Cambridge Angels and Cambridge Capital Group.The additional round will enable Featurespace to continue to establish itself as a global provider of machine learning fraud protection to the financial services and gaming sectors. The Company’s clients already include Vocalink/Zapp and CallCredit in financial services, and Betfair, William Hill and Camelot.Earlier this month, leading US-based global payments company TSYS® (NYSE:TSS), announced its collaboration with Featurespace to provide enhanced real-time fraud detection capabilities to TSYS’ customers. TSYS is the largest third-party processor of Visa®…

Link to Full Article: Fraud prevention startup Featurespace raises million

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