CSI Partners with Featurespace for Anti-Money Laundering Solution to Combat Financial Crime
PADUCAH, Ky.–(BUSINESS WIRE)–To empower its customers in the fight against financial crime, Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end fintech and regtech solutions, has partnered with Featurespace™, a leading provider of Enterprise Financial Crime prevention software, to launch a holistic anti-money laundering (AML) solution: WatchDOG® AML.
WatchDOG AML protects against financial crime by identifying suspicious activity in real-time with an enterprise transaction monitoring system. Using customizable machine learning models that utilize Featurespace’s award-winning Adaptive Behavioral Analytics, WatchDOG AML reduces false positives while predicting and adapting to new threats through anomaly detection. This allows banks and payments providers to detect more suspicious activity as it happens, while also reducing the number of genuine transactions declined.
“As criminals relentlessly target financial systems, organizations require cutting-edge technology for fraud detection and risk management,” said Kurt Guenther, CSI’s group president of Business Solutions. “By partnering with Featurespace, we’re providing our customers with a powerful AML solution that leverages the latest in machine learning to fight illicit activity and ensure compliance.”
WatchDOG AML supplies a comprehensive view of risk by analyzing human behavior to detect suspicious activity while maximizing efficiency with automatically prioritized alerts.
“The ability to understand genuine customer behavior allows banks and credit unions to more accurately detect anomalies and additional suspicious activity so that only the most worthwhile alerts are passed along for review, while also reducing false positives and bringing more financial crime to light,” said Dave Excell, founder and president of Featurespace. “By using our Adaptive Behavioral Analytics, CSI’s WatchDOG AML helps financial institutions drive down risk by monitoring transactions, and also helps the industry take another step forward in the fight against this global problem.”
About Computer Services, Inc.
Computer Services, Inc. (CSI) delivers innovative financial technology and regulatory compliance solutions to financial institutions and corporate customers across the nation. Through a combination of expert service, cutting-edge technology and a customer-first mentality, CSI excels at driving businesses forward in a rapidly changing industry. CSI’s expertise and commitment to authentic partnerships has resulted in the company’s inclusion in such top industry-wide rankings as the FinTech 100, American Banker’s Best Fintechs to Work For and MSPmentor Top 501 Global Managed Service Providers List. CSI’s stock is traded on OTCQX under the symbol CSVI. For more information about CSI, visit www.csiweb.com.
About Featurespace – www.featurespace.com
Featurespace™ is the world leader in enterprise financial crime prevention for fraud and Anti-Money Laundering. Featurespace invented Adaptive Behavioral Analytics and created the ARIC™ platform, a real-time machine learning software that risk scores events in more than 180 countries to prevent fraud and financial crime.
ARIC™ Risk Hub uses advanced, explainable anomaly detection to enable financial institutions to automatically identify risk, catch new fraud attacks and identify suspicious activity in real-time. More than 30 major global financial institutions are using ARIC to protect their business and their customers. Publicly announced customers include HSBC, TSYS, Worldpay, NatWest Group, Contis, Danske Bank, ClearBank and Permanent TSB.