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      REPORT
      VIDEO
      Enfuce: Card Fraud Prevention as a Service
      Model Risk Manager Award 2023 for Financial Crime Compliance
      28th March 2023
      //Enfuce: Card Fraud Prevention as a Service

      Enfuce provides cloud-based card issuing and processing services to fintechs as well as more established firms. Enfuce found that their customers have a need to respond to the very fast moving types of fraud that are being encountered in new digital ecosystems. They looked for a solution that could advanced protection against fraud, also through the cloud, and decided to implement Featurespace, which provides an advanced fraud and financial crime detection platform. Enfuce also offers a managed service around fraud alerting and investigation, because many of their customers do not have these capabilities inhouse.

      The real-time cloud-based solution enables Enfuce to respond to frauds as they emerge and not only block transactions but quickly update their models with the newly discovered fraud vectors to prevent further similar fraud. This ability to respond to emerging fraud in the digital ecosystem is an important and innovative aspect of this project.

      Author
      Neil Katkov
      Neil Katkov
      Director, Risk
      Neil Katkov
      Details
      Geographic Focus
      EMEA
      Horizontal Topics
      Artificial Intelligence, Cloud, Risk: Cybersecurity, Identity and Trust, Risk: Financial Services Risk, Risk: Fraud & Financial Crime