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Feedzai recognized in NowTech: Enterprise Fraud Management, Q1 2021 ReportSAN MATEO, Calif., March 02, 2021 (GLOBE NEWSWIRE) -- Feedzai, the world’s leading cloud-based risk management platform announced today that it has been recognized in Forrester’s NowTech: Enterprise Fraud Management, Q1 2021 report. The report provides an overview of 37 Enterprise Fraud Management (EFM) providers. The report is designed to help security and risk professionals understand the value they can expect from an EFM provider, while also providing guidance on selecting vendors based on their respective expertise. In addition, the report addresses critical elements in EFM solutions that reduce fraud, minimize customer friction, and provide explainable fraud models - an increasingly important element as Responsible AI discussions take place from a regulatory perspective. “The days of closed risk scoring models for fraud management are over,” writes Andras Cser, Vice President, and Principal Analyst - Security and Risk Management at Forrester Research in the report: “EFM solutions have evolved and matured a great deal in the past two or three years, with considerable improvements to the model building and testing lifecycle, link analysis, and reporting.”
Forrester’s report recommends: “invite vendors that have productized and proven models in your vertical...offering pre-customized, transparent, ready-to-use, and low-code models for your specific vertical.” For Feedzai, this recommendation perfectly aligns with its new fully packaged Feedzai Solutions, which addresses the importance of selecting a partner that offers an agile, easy to deploy, and low resource solution for financial institutions that can assess risk in real-time. With the configuration of machine learning models and a comprehensive library of out-of-the-box scenarios, Feedzai’s new offering presents itself as a turnkey solution that better protects customers with quicker time-to-value. “Feedzai is uniquely positioned to provide a single risk management solution that addresses the biggest pain points in the financial services industry,” says Varun Kohli, CMO at Feedzai. “We believe Forrester’s NowTech: EFM report highlights fundamental elements already embedded in Feedzai’s products and we are excited to see that the market is heading in the right direction.” Feedzai’s capabilities are proven across the largest banks, fintechs, e-commerce merchants, and payment processors in the world while providing the only single platform with omnichannel capabilities to manage financial risk. Check out Forrester’s full report: feedzai.com/resource/forresters-enterprise-fraud-q1-2021/ About Feedzai Press Contact - Feedzai
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