Worldpay Invests in Leading Machine Learning Fraud Prevention Company, Featurespace

Date: October 4, 2017 Published by

  • Alongside committing investment, Worldpay has formed a commercial partnership with the leading machine learning, fraud prevention company, to help further accelerate the development of fraud prevention services for Worldpay’s own merchant customers.
  • “Featurespace and Worldpay will combine our considerable technology and experience to protect merchants against the ongoing fight against fraud and risk.
  • Mark Kimber, Chief Information Officer at Worldpay, said: “We are delighted to be partnering with Featurespace, a business with world-class machine learning technology.
  • Worldpay also expects to use Featurespace’s technology to enhance its own capabilities in areas such as the development of Intelligent Payment services.
  • As part of the agreement, Worldpay will licence Featurespace’s advanced behavioural analytics technology for a number of key use cases, including risk management and fraud prevention for merchants.