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Brazil-based Dock chosen Feedzai to offer fraud prevention instruments for its prospects.
Dock will primarily leverage Feedzai’s RiskOps Platform, and also will use the corporate’s AML and behavioral biometrics instruments.
Dock counts 70 million lively accounts and powers over seven billion transactions every year.
Brazil-based funds expertise participant Dock introduced this week it has chosen danger administration device supplier Feedzai to offer new fraud prevention instruments for Dock prospects.
Based in 2014, Dock affords card issuing and core banking companies to assist organizations deliver new card digital funds and banking companies to their present operations. The corporate’s microservices structure may be tailor-made to go well with a mess of guidelines, and might function in any nation, forex and banking system. The corporate counts 70 million lively accounts and powers over seven billion transactions every year.
By partnering with Feedzai, Dock is giving its shoppers entry to Feedzai’s RiskOps Platform, a device that helps uncover prison exercise by standardizing processes. Feedzai launched RiskOps in 2021 to deal with fraud, cash laundering, compliance, and improve danger insurance policies. The platform’s Monetary Intelligence Community (FIN) database comprises over one trillion information factors, periods, and profiles of fine and unhealthy actors. Dock additionally plans to combine Feedzai’s behavioral biometrics module in addition to cash laundering prevention instruments to supply prospects a view of dangers in real-time.
“We’re offering our prospects with one other cloud-first expertise answer that delivers a personalised method to cyber risk detection and evaluation, based mostly on machine studying fashions and supported by Dock’s experience,” mentioned Dock Threat Director Armando Junior. “This partnership is aligned with our Latin American growth technique. The brand new characteristic makes it potential for us to know even higher the wants of our prospects all through the area.”
Feedzai was based in 2011. The corporate affords instruments starting from KYC, AML, watchlist screening, transaction fraud monitoring, and extra to assist firms battle fraud in additional than 190 international locations. In 2021, Feedzai was valued at a couple of billion {dollars} after receiving a $200 million funding spherical that boosted its complete funding to $277 million. There isn’t a phrase on an up to date valuation.
Picture by Leigh Patrick
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