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The Fintech Times

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Visa Adds Featurespace and AI-Powered Fraud Prevention Platform to Portfolio

  • Visa has added the 'ARIC Risk Hub', an AI-powered fraud prevention platform, to its global value-added services portfolio.
  • The platform, powered by Featurespace, leverages adaptive AI to build profiles around genuine customer activity, maximizing approvals and stopping fraud attempts in real time.
  • Eika Gruppen, an alliance of 46 local banks in Norway, saw a 90% reduction in phishing losses after implementing the ARIC Risk Hub.
  • The ARIC Risk Hub is available globally and offers businesses a new AI-powered tool to combat fraud and protect customers.

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