View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
April 25, 2019updated 26 Apr 2019 1:25pm

Raiffeisen Bank International taps Feedzai to combat fraud

Raiffeisen Bank International (RBI) has chosen Feedzai to secure its payment channels through real-time monitoring.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

The bank will leverage the vendor’s machine learning services including AutoML, automating feature engineering and other parts of the data science loop.

These products are said to boost the operational efficiency of RBI.

Additionally, the bank will also utilise Feedzai Genome, visual link analysis.

The tool is said to facilitate the bank’s process of detecting illicit patterns accurately.

RBI head of group compliance division Christoph Lehner said: “This partnership will support us in keeping up the pace in this fast-evolving banking world, especially when it comes to fighting fraud in a variety of channels and products.”

Digitisation across all segments is a priority for RBI, and the latest partnership is said to support this objective.

Feedzai CEO and co-founder Nuno Sebastiao added: “This is what it takes to turn a bank into a tech company.

“RBI is making a commitment to be a leader in digital banking across Europe.”

Earlier this year, Feedzai teamed up with machine learning tools provider DataRobot to offer an upgraded platform that will allow financial institutions to detect financial crimes.

With the partnership, financial institutions can integrate DataRobot machine learning models within the Feedzai platform.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

Topics in this article: ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Retail Banker International