Prestigious awards rank 50 fastest-growing UK technology companies
Featurespace, a global leader in Adaptive Behavioural Analytics, has been awarded a place in the Deloitte UK Technology Fast 50 2016.
Featurespace’s machine learning ARIC platform uses anomaly detection to analyse complex data streams in real time, for fraud and risk management.
David Cobb, lead partner for the Deloitte Fast 50 programme, said: “Making the Deloitte UK Technology Fast 50 is a testament to a company’s commitment to technology.
“With its 389% growth rate over four years, Featurespace has proven that its leadership has the vision and determination to grow in competitive conditions.”
Martina King, Featurespace CEO, commented: “Our technology is delivering world-leading machine learning fraud protection to our clients, by outsmarting risk.
“I am confident we will see continued levels of strong growth, particularly given our expansion to deliver our systems to customers in North America and Europe.”
The ARIC platform understands individual behaviour in real time, identifying new fraud attacks as they happen to reduce the costs associated with managing fraud. Simultaneously, ARIC reduces the number of genuine transactions incorrectly declined, enabling businesses to accept more revenue.
The ARIC platform is deployed live for customers in financial services, gaming and insurance, including Betfair, Callcredit, William Hill, and TSYS, the US’ largest payments processor.
The Deloitte Technology Fast 50 is one of the UK's foremost technology award programmes, celebrating innovation and entrepreneurship. Now in its 19th year, it is a ranking of the country's 50 fastest growing technology companies, driven by leading intellectual property and based on percentage revenue growth over the last four years.
The full list of this year’s winners and winner breakdown by region and sector is available online.
Featurespace™ is the world-leader in Adaptive Behavioural Analytics and creator of the ARIC™ engine, a machine learning software platform developed out of the University of Cambridge.
Head quartered in Cambridge, UK, Featurespace has deployed ARIC to organisations that have services or products deployed in over 180 countries. Customers include Betfair, Vocalink/Zapp, Camelot, William Hill, and TSYS, the largest third-party processor of Visa® and MasterCard® credit cards in the U.S.
The ARIC™ engine – a real-time, machine learning software platform – monitors individual behaviours to catch new fraud attacks as they happen. The increased accuracy of understanding customer behaviour simultaneously reduces the number of genuine customers whose purchases and transactions are incorrectly declined.
In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms. Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities.
The Deloitte Technology Fast 50 is one of the UK’s foremost technology award programmes. Now in its 19th successful year, it is a ranking of the country’s 50 fastest-growing technology companies, based on revenue growth over the last four years. The UK Fast 50 awards are all about growth driven by leading intellectual property and are a celebration of innovation and entrepreneurship. The UK Fast 50 is part of an international programme run by Deloitte, qualifying entrants of the UK Fast 50 will be put forward to the Deloitte Technology Fast 500 EMEA (Europe, Middle East and Africa) programme. Previous winners have come from across the UK, are both large and small, and included some of the most dynamic players in all areas of technology, from Internet specialists to biotech, digital media technology to life sciences, computers to semiconductors and software to telecommunications.