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Digital Identity, Security & Online Fraud

Co-op works with Feedzai to fight card fraud

Friday 24 March 2017 | 10:07 AM CET

Co-op Financial Services has announced the collaboration with Feedzai, to bring Co-op CU clients a machine learning-based risk management tool.

The platform will be able to take in any amount of relevant, multisource data to define transaction risk scoring, incorporating events such as cardholder PIN changes and the purchasing patterns of individual members in order to better predict behavior.

For card payments, machine learning will boost the existing neural network-based Falcon Fraud Manager fraud detection system used by the Co-op card member security team. In addition, machine learning will be deployed as the primary fraud management tool for Co-op Shared Branching.

Feedzai is a data science company that offers software, which uses big data analysis and machine-based learning to prevent fraud in commerce. For more information about Feedzai, please check out a detailed profile of this company in our dedicated, industry-specific online company database.

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