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DEKO PARTNERS WITH FEATURESPACE TO FIGHT PAYMENT FRAUD

Retail finance technology provider, Deko, has partnered with Featurespace, the leading machine learning Adaptive Behavioural Analytics fraud and risk management company, to bolster the security of its consumer finance lending platform.

Deko will use Featurespace's ARIC™ Fraud Hub to boost the capabilities of its retail originations technology, increasing the security benefits of its market-leading platform. The artificial intelligence integration will also form part of Deko’s payment solutions toolkit, which allows the company to provide even tighter security to its point of sale technology.

The innovative technology platform will use the ARIC Fraud Hub to identify and prevent transactional fraud in real time, enabling increased security benefits to its clients, giving them peace of mind in an increasingly security conscious market.

The ARIC Fraud Hub allows Deko to maintain its place as a secure technology provider that uses the same systems as some of the world’s largest banks, payment processors and merchant acquirers.

Mufti Monin, CTO at Deko, said: “As technology continues to evolve, it is important that we continue to accelerate it and stay at the forefront, when it comes to retail finance technology platforms. Incorporating Featurespace’s AI into our toolkit allows us to offer premier prevention and protection facilities to every client that uses our platform, and ensure their data and payments are protected.”

Martina King, CEO, Featurespace, said: "The effortless integration of our software with Deko bolsters its first-class retail finance technology platform to protect more businesses and their expanding payment methods from fraud. It's been a joy to work with the Deko team. These types of relationships will help the industry outpace criminals' increasing sophistication and avoid fallout from data compromises.”
The ARIC Fraud Hub is deployed in some of the world’s largest banks, payment processors and merchant acquirers.

Deko, a leader in transformational retail finance technology for the past 10 years, recently announced it had processed its two millionth consumer finance application, representing a total gross loan volume approaching £2 billion.