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Visa acquires AI fraud detection startup Featurespace for an estimated $935.06 million - Tech Startups

Summary by Startups News | Tech News
Visa has announced plans to acquire Featurespace, an enterprise tech startup focused on AI-driven fraud and financial crime prevention. While the exact terms of the deal haven’t been revealed, SkyNews reported the acquisition could be worth around £700 million ($935 […] The post Visa acquires AI fraud detection startup Featurespace for an estimated $935.06 million first appeared on Tech Startups.

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TechBullionTechBullion

Visa Signs Deal to Acquire Featurespace

Visa has signed a deal to acquire Featurespace. Takeaway Points Visa signs deal to acquire Featurespace. The acquisition of Featurespace will complement and strengthen Visa’s portfolio of fraud detection and risk-scoring solutions used by clients around the world to grow and protect their businesses. Why does Visa want to acquire Featurespace? Visa said on Thursday […] The post Visa Signs Deal to Acquire Featurespace appeared first on TechBullio…

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BizTocBizToc

Visa Buys Featurespace to Bolster Fraud Prevention Efforts

Visa says it is acquiring payments protection technology firm Featurespace to boost its anti-fraud capabilities. “Since its inception out of Cambridge University’s engineering department, Featurespace has developed innovative algorithmic-based solutions to analyze transaction data and detect even…

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PYMNTS.comPYMNTS.com

Visa Buys Featurespace to Bolster Fraud Prevention Efforts

Visa says it is acquiring payments protection technology firm Featurespace to boost its anti-fraud capabilities. “Since its inception out of Cambridge University’s engineering department, Featurespace has developed innovative algorithmic-based solutions to analyze transaction data and detect even the most elusive fraud cases,” the payments giant said in a news release Thursday (Sept. 26). The company did not provide a cost for the acquisition, t…

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GlobalFinTechSeriesGlobalFinTechSeries

Visa to Acquire Featurespace

Featurespace’s deep tech origins, combined with Visa’s digital payments leadership, poised to strengthen global fraud protections Visa announced it has signed a definitive agreement to acquire Featurespace, a developer of real-time artificial intelligence (AI) payments protection technology that prevents and mitigates payments fraud and financial crime risks. The acquisition of Featurespace will complement and strengthen Visa’s portfolio of frau…

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Startups News | Tech NewsStartups News | Tech News

Visa acquires AI fraud detection startup Featurespace for an estimated $935.06 million - Tech Startups

Visa has announced plans to acquire Featurespace, an enterprise tech startup focused on AI-driven fraud and financial crime prevention. While the exact terms of the deal haven’t been revealed, SkyNews reported the acquisition could be worth around £700 million ($935 […] The post Visa acquires AI fraud detection startup Featurespace for an estimated $935.06 million first appeared on Tech Startups.

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Business Post NigeriaBusiness Post Nigeria

Visa Eyes Featurespace Acquisition to Mitigate Payment Fraud, Others

By Adedapo Adesanya Global payment giant, Visa, has announced the signing of a definitive agreement to acquire Featurespace, a developer of real-time artificial intelligence (AI) payment protection technology that prevents and mitigates payment fraud and financial crime risks. The acquisition of Featurespace will complement and strengthen Visa’s portfolio of fraud detection and risk-scoring solutions used […]

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