Visa (V) has finalized an agreement to acquire Featurespace, a leading developer of real-time artificial intelligence technology designed to prevent and mitigate payments fraud and financial crime. This collaboration will allow Visa and Featurespace to enhance their capabilities in managing real-time fraud detection, thereby strengthening the security of the payments ecosystem with advanced AI-driven solutions. The acquisition is anticipated to be completed in fiscal year 2025.
Based in Cambridge, UK, Featurespace serves over 80 direct clients. The company has pioneered algorithm-based solutions capable of analyzing transaction data to identify and prevent intricate fraud scenarios.
