Feedzai Ranked the #1 Software Platform Out of 21 Payment Risk Solution Competitors in New Landscape Report by Chartis
- Risk Management
- 23.05.2023 01:50 pm
Feedzai, the world’s first RiskOps platform for financial risk management, has been ranked #1 overall in Completeness of Offering and named category leader by Chartis in its Payment Risk Solutions, 2023: Market and Vendor Landscape Report.
The report assesses fraud and financial crime risk from pre- to post-payment. Chartis’ analysis of Completeness of Offering considers depth and breadth of product functionality across the entire payment lifecycle as well as the underlying technology for efficient data management, powerful risk analytics and an intuitive reporting and presentation layer.
“Chartis ranked Feedzai as a category leader in its Payment Risk report across all categories: card, account to account and alternative payments, and in our overall quadrant,’ said Nick Vitchev, Research Director at Chartis. ‘Feedzai’s heritage, solution focus and RiskOps platform enable it to deliver a combination of risk solutions – notably for AML and fraud – at scale and speed across a myriad of payment types and use cases, reflecting the needs of the market highlighted by our research.”
Chartis highlighted Feedzai’s breadth across multiple use cases, array of different risk typologies, adaptability to meet individual bank challenges as opposed to other vendors’ one size fits all approach, and its volume and processing speed, which stood out compared to other vendors. Feedzai’s strong presence in Europe, followed by North America, LATAM and APAC also set it apart from its competitors.
“As more options become available for consumers to pay and move money, the risk of fraud also grows. We’re proud to have been selected as the technology leader in Chartis’ assessment of the category,” said Pedro Barata, Chief Product Officer at Feedzai. “Our RiskOps approach builds a holistic view of the risk landscape and as a result, a stronger way of detecting crime. Chartis’ assessment is additional validation that our comprehensive approach is the best way to protect consumers from fraudsters, in real-time and at scale.”