[June 22, 2017] |
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Leumi Card to Use Feedzai's Artificial Intelligence Platform to Fight Fraud
Leumi Card, one of Israel's leading consumer credit card service
providers, will implement Feedzai's Artificial Intelligence (AI)
platform to enhance its fraud detection and prevention capabilities,
while continuing to provide a frictionless omnichannel experience for
its customers.
"Fraud mitigation tools have not kept pace with today's mobile-enabled,
always-connected consumers," said Gilead Kehat EVP Human resources and
staff of Leumi Card, "Our customers demand an omnichannel experience
whether it's in person, online or via mobile devices. Feedzai's agile
machine learning platform helps predict and prevent fraud before it
impacts our customers. We are continuing to deliver on our promise to
provide the best banking experience today and into the future, by
investing in tomorrow's technology."
Feedzai's
technology utilizes machine learning that allows users like Leumi
Card to create profiles of normal behavior, and flag instances of
abnormal behavior, to detect and prevent criminal threats in real time
with high accuracy. Feedzai is making artificial intelligence attainable
by allowing banks to build, train, test and deploy their own models all
on the same platform, helping clients t prepare for the unknown. With
whitebox processing, Feedzai's artificial intelligence platform also
provides a human-readable semantic layer onto the underlying machine
logic, putting humans in charge of the machine.
"Feedzai is pioneering artificial intelligence that is attainable and
accessible, AI like running water, a new utility for humans." said Nuno
Sebastiao, CEO of Feedzai, "AI that is explainable and puts humans in
control is transforming the financial industry, and we are excited to be
working with Leumi Card to help provide experiences that are not only
secure, but frictionless across any device."
About
Leumi Card
Leumi Card is one of Israel's largest credit card companies and is a
leader and innovator in this field. The Company provides a full range of
issuing and acquiring services, including both payment solutions and
lines of credit. Leumi Card has issued 2.4 million active credit cards
(Visa and MasterCard (News - Alert) brands) and provides acquiring services for more
than 40,000 merchants. The Company offers a wide range of financial
services including loans, credit solutions and flexible payment options
and clearing.
About
Feedzai
Feedzai is AI. We're coding the future of commerce with the most
advanced risk management platform powered by big data and artificial
intelligence. Founded and developed by data scientists and aerospace
engineers, Feedzai has one critical mission: make commerce safe. The
world's largest banks, payment providers and retailers use Feedzai's
machine learning technology to manage risks associated with banking and
shopping, whether it's in person, online or via mobile devices.
Learn more about Feedzai at www.feedzai.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170621006453/en/
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