Fraud is evolving fast - and financial institutions are under growing pressure to spot it before it happens. Whether it’s a surge in synthetic identities, card testing scams, or increasingly subtle signs of mule activity, the old ways of detecting fraud just don’t cut it anymore.
That’s where Featurespace comes in.
Renowned for pioneering adaptive behavioural analytics, Featurespace is one of the most advanced fraud detection technology providers in the world. And for institutions seeking real-time protection, it’s become a go-to solution - especially when integrated into a broader platform like Edenred Payment Solutions.
In this article, we’ll take a close look at Featurespace. Explain how the technology works, and how Edenred Payment Solutions helps financial institutions put it into action.
Understanding Featurespace: Who they are and what they do
Featurespace is a UK-based fraud prevention technology company specialising in machine learning and adaptive behavioural analytics. Its flagship platform - the ARIC™ Risk Hub - is used by major banks, payment processors and financial platforms worldwide to monitor transactions in real time and detect anomalies that suggest fraud or financial crime.
What makes Featurespace different is how it focuses not just on rules or thresholds, but on behavioural patterns. Instead of simply flagging transactions that exceed a fixed amount or happen at an irregular time, Featurespace analyses how each customer typically behaves - and alerts institutions when something seems out of character.
The result? Fewer false positives. Faster fraud detection. And smarter prevention across every channel.
Why real-time fraud detection matters
Traditional fraud management tools are often reactive. They spot suspicious activity after it’s happened - or, worse, after damage has already been done.
In today’s landscape, that’s no longer acceptable. Consumers expect instant transactions. Fraudsters adapt within hours. Regulators demand robust controls.
Real-time fraud detection flips the script. It enables financial institutions to analyse transactions as they occur, intervening when there’s genuine cause for concern - without getting in the way of legitimate customers.
This is particularly crucial in high-velocity environments like:
- Embedded finance platforms
- Card issuing programs
- Insurance claims payouts
- Peer-to-peer payments
- Cross-border remittances
In these use cases, latency matters. So does accuracy. That’s where Featurespace excels.
How Featurespace technology works
At the heart of Featurespace’s platform is a technology called adaptive behavioural analytics. Let’s unpack that.
Imagine you run a neobank serving thousands of small business customers. One of them, Sarah, runs a floristry business in Bristol. She usually makes a few supplier payments a week, mostly between £500 and £2,000. Her transactions happen during weekday mornings.
Now, picture this: on a Sunday night, someone logs into her account from a new device in another country and tries to transfer £12,000 to a personal account.
Would your current system catch that?
Featurespace’s model would. Because it’s constantly learning Sarah’s behavioural profile - and comparing every new transaction against it. If something deviates significantly (location, timing, amount, payee), it triggers a risk signal.
But here’s the clever part: the system adapts over time. If Sarah starts using a new supplier, or expands her business and sends higher-value payments, the model adjusts. This reduces false positives and friction for legitimate users - while staying sharp to actual threats.
Additional capabilities include:
- Machine learning algorithms trained on millions of fraud scenarios
- Real-time scoring for every transaction and interaction
- Cross-channel detection, from card payments to account activity
- Risk segmentation, allowing teams to prioritise investigations
Featurespace + Edenred Payment Solutions: stronger together
While Featurespace provides the engine, Edenred Payment Solutions provides the infrastructure to deploy it effectively.
As a leading provider with over 20+ years of industry experience, Edenred Payment Solutions helps enterprise businesses deliver card programs, e-money accounts, and payment flows - with security built in.
Through the partnership with Featurespace, Edenred Payment Solutions integrates real-time fraud detection directly into the payment stack. That means customers benefit from:
- Fraud prevention powered by industry-leading AI
- Seamless onboarding and configuration - no need to build from scratch
- Scalable protection for different transaction volumes or use cases
- Integrated compliance tools, including KYC and transaction monitoring
- Risk rules tailored to your industry and customer base
Building your financial solution with Edenred Payment Solutions ensures that fraud risk management is not an afterthought - it’s a foundation.
Who benefits from this integration?
Here are a few common scenarios where the Edenred Payment Solutions + Featurespace integration offers a competitive edge:
|
Use case |
Value of real-time fraud detection |
|
Digital banks / fintech apps |
Real-time alerts reduce chargebacks and protect trust |
|
Online travel platforms (OTAs) |
Prevents last-minute booking fraud and high-value misuse |
|
Insurance payout platforms |
Detects anomalous claims or third-party fraud |
|
Retail reward / cashback schemes |
Flags misuse or automated attacks on loyalty accounts |
|
B2B expense management |
Prevents misuse of corporate cards or virtual cards |
In every case, the speed and intelligence of Featurespace, combined with the infrastructure and flexibility of Edenred Payment Solutions, helps you stay ahead of fraudsters - without slowing down growth.
Final Thoughts
Fraud isn’t just a compliance risk. It’s a reputational one. A financial one. A customer trust issue. In a world where consumers expect instant everything - and criminals are constantly innovating - the stakes are too high to rely on outdated systems.
By combining machine learning, behavioural analytics, and real-time capabilities, Featurespace provides financial institutions with a forward-looking defence. And with Edenred Payment Solutions, that technology becomes easier to access, deploy, and scale.
The result? Less fraud. Fewer false alarms. Greater peace of mind.
Launch your solution with confidence, in partnership with Edenred Payment Solutions
Whether you're a fintech, insurer, platform, or enterprise business exploring embedded finance, Edenred Payment Solutions offers a powerful foundation to build on - backed by trusted partners like Featurespace.
From virtual cards to account issuing, fraud monitoring to AML screening, our solutions are designed to help you launch confidently and scale securely.
Ready to see what we can do together?
