Dock enhances LATAM-based B2B payments offering with Feedzai’s RegTech
“Our partnership with Dock will allow small and medium-sized customers access to one of the most advanced machine learning technologies for fraud prevention on the market, integrated with Dock’s solutions.”
Feedzai, the fraud and money laundering prevention specialist, has been chosen by LATAM-based B2B payments firm Dock to provide new options for security solutions to customers.
The partnership aims to expand access to Feedzai’s RegTech technology in Latin America to companies of all sizes, thus providing them with Feedzai’s RiskOps Platform and, in the future, with Feedzai’s money laundering prevention tools, ensuring a 360º view of real-time risks.
Feedzai also provides a native behavioral biometrics module for customers interested in adding a digital footprint to transactional analysis.
The partnership allocates a team from Feedzai to help serve the entire Latin American market.
Personalized approach to cyber threat detection and assessment based on ML models
Armando Junior, Risk Director at Dock, said: “We are providing our customers with another cloud-first technology solution that delivers a personalized approach to cyber threat detection and assessment, based on machine learning models and supported by Dock’s expertise. This partnership is aligned with our Latin American expansion strategy. The new feature makes it possible for us to understand even better the needs of our customers throughout the region.”
Tatiana Sanches, General Manager of Feedzai for Latin America, said: “Our partnership with Dock will allow small and medium-sized customers access to one of the most advanced machine learning technologies for fraud prevention on the market, integrated with Dock’s solutions.”
Utilizing its proprietary framework of advanced machine learning models, Feedzai enhances threat detection, minimizes false positives, and reduces customer friction. This approach ensures a heightened level of security.
Feedzai launched Railgun
Feedzai has recently unveiled Railgun, an AI engine designed to preempt financial fraud. The launch follows Feedzai’s substantial $100 million investment in its RiskOps platform and the creation of numerous patents in the US and Europe.
Railgun’s technology offers heightened accuracy through real-time calculations on extensive data, enabling precise detection of suspicious activities and better customer behavior understanding.
It also enhances agility by expediting risk strategy updates, ensuring quick responses to emerging fraud threats, and scaling effectively to manage larger transaction volumes.
Railgun departs from traditional risk engines by allowing financial institutions to use comprehensive data histories for a more precise assessment of fraud likelihood. The technology addresses the growing sophistication of financial crime, incorporating advanced AI techniques.
