Railsr partners with Featurespace to fight fraud

Railsr has partnered with fraud and financial crime prevention experts Featurespace to better protect its customers and their consumers.

The embedded finance platform will combine its own fraud teams with card and payment fraud prevention and anti-money laundering solutions through Featurespace’s “risk hub”.

Featurespace’s solution will provide a single integration point, allowing Railsr to grow its platform alongside business expansion, maintaining regulatory compliance.

“As the market accelerates towards embedded finance, consumers expect a frictionless payment experience that is built into the transaction process,” Railsr global head of product for fincrime and operations Stuart Hartley said.

“With Featurespace’s AI and ML capabilities, Railsr can provide an enhanced level of customer experience, making consumers' lives simpler and safer.” 

Within 12 months, Railsr will give its customers access to Featurespace’s risk hub, it said, enabling them to manage their analytics directly.

Featurespace said Railsr is a “natural fit” for the company.

“As embedded finance increasingly becomes expected by consumers, making sure they are protected from fraud and financial crime must be expected in equal measure,” Featurespace chief commercial officer Matt Mills said.

“Railsr have recognized this early and added a critical layer of self-learning technology to ensure their customers get only the best experience.”