Diebold Nixdorf partners with Featurespace to provide fraud prevention technology within its payment processing platform

The award-winning solution uses machine learning and adaptive behavioral analytics to help financial institutions fight fraud and financial crime

CAMBRIDGEUK & HUDSON, Ohio, October 21, 2022 /PRNewswire/ — Diebold Nixdorf (NYSE: DBD), a global leader in automating, digitizing and transforming the way people bank and shop, and Featurespace, a global leader in financial crime prevention in companies, today announced that the companies are partnering to integrate its highly specialized fraud prevention technology with Diebold Nixdorf’s Vynamic® payment platform.

By partnering with Featurespace, Diebold Nixdorf is able to offer financial institutions a fully integrated payment solution with proven, real-time fraud detection and prevention capabilities without having to worry about managing multiple vendors. Vynamic Payments is a cloud-native payments platform that enables service reuse across acquiring, processing, and issuing domains and is proven at leading financial institutions around the world. The software’s microservices architecture enables business agility and consumer experiences that seamlessly bridge any channel, integration point, payment type, or authentication mechanism.

Featurespace’s solutions are uniquely suited for use on payment platforms, even at scale, thanks to their world-leading real-time accuracy: The unique approach of real-time machine learning is to use only the necessary data from the authorization stream to achieve improvement Results without latency or large data integration projects and workloads. Its ARIC™ Risk Hub, available for integration with Vynamic Payments via open APIs, offers the most powerful models in the cards and payments world, helping customers achieve the lowest false-positive rates alongside industry-leading fraud detection rates, thereby lowering total costs a bank to cut down on fraud. The platform’s Adaptive Behavioral Analytics and Automated Deep Behavioral Networks automatically detect and prevent even the most sophisticated types of fraud and financial crime.

Martina KoenigFeaturespace CEO said: “Featurespace is committed to making the world a safer place to transact, and this new partnership with Diebold Nixdorf is an important milestone in that journey. Fraud prevention is a critical element in any payments modernization program. Through this partnership, financial institutions can protect every customer and transaction with ARIC Risk Hub integrated with their transaction monitoring and processing.”

Joe MyersDiebold Nixdorf’s Executive Vice President, Global Banking said: “We are excited to begin this partnership with Featurespace as ARIC Risk Hub’s technology and product features are a perfect match for Diebold Nixdorf’s payment transaction processing. Fraud management is a crucial part of the payments ecosystem. By integrating the end-to-end solution into our Vynamic Payments platform, we can provide financial institutions with the most powerful and open technology to fight fraud and financial crime.”

Meet with Featurespace in Las Vegas at Money20/20 United States of America at booth 2521 or watch featurespace experts discussing at the show.

About feature space
Featurespace™ is the global leader in enterprise technology that prevents fraud and financial crime. With a mission to make the world a safer place to transact, Featurespace helps banks and financial institutions protect customers and reduce risk and operational costs by providing industry-leading machine learning and financial crime prevention solutions. Featurespace invented Adaptive Behavioral Analytics and Automated Deep Behavioral Networks and is the first company to profile both real and fraudulent behavior to identify and block criminal activity in real time. Both are patent-pending technologies at the heart of Featurespace’s award-winning ARIC™ Risk Hub. Featurespace’s technology is trusted by over 70 direct customers and 100,000 financial institutions including HSBC, NatWest, TSYS, Worldpay, Marqeta, Contis, Danske Bank, Akbank, Edenred and Permanent TSB. Founded in 2008 and headquartered in Cambridge, UK Featurespace has a team of over 400 people operating from seven locations worldwide.

About Diebold Nixdorf
Diebold Nixdorf, Incorporated (NYSE: DBD) is a global leader in connected commerce. We automate, digitize and transform the way people bank and shop. Partnering with the majority of the world’s 100 largest financial institutions and the 25 largest global retailers, our integrated solutions connect digital and physical channels conveniently, securely and efficiently for millions of consumers every day. The company is represented in more than 100 countries with around 22,000 employees worldwide. Visit www.DieboldNixdorf.com for more information.

Twitter: @DieboldNixdorf
LinkedIn: www.linkedin.com/company/diebold
Facebook: www.facebook.com/DieboldNixdorf
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SOURCE Diebold Nixdorf, Incorporated


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