Soldo and Featurespace Partner to Offer Increased Protection Against Fraud and Financial Crime

  • Security
  • 25.10.2022 11:50 am

Soldo, the European spend management platform, has partnered with UK fraud and financial crime specialist Featurespace to protect Soldo customers from the growing threat of financial attacks.

Through the partnership, Soldo will get access to industry-leading Card and Payment Fraud Prevention and Anti-Money Laundering solutions through Featurespace's award-winning ARIC Risk Hub. Thanks to Featurespace's recently announced partnership with Vital4, Soldo will also benefit from Artificial Intelligence-driven Watchlist, Politically Exposed Persons (PEPs) and Adverse Media screening – compliance relevant lists of high-risk entities – enabling Soldo’s customers to effectively manage risk and ensure compliance across their business systems.

“Protecting our customers is core to our business. That’s why partnerships like our one with Featurespace reinforce our ethos of striving for ways to make their lives easier and more secure”, comments Steve Whiting, Head of PayTech at Soldo. “As an innovative fintech, we’re excited by how Featurespace’s AI and ML capabilities can be integrated into everything from card and payment fraud through to AML and sanction screening.”

Backed by some of the world's leading investors, Soldo provides a flexible spend management platform that is trusted by businesses across Europe to enable efficient company and employee spending, including Sony, Mercedes-Benz and Eurostar.

"It's great to partner with Soldo, which like us is a fast-growing technology company," said Matt Mills, Featurespace’s Chief Commercial Officer. "Soldo made it clear from the start that they needed a complete solution; from AML to card and payment fraud, and from PEP to sanctions. We’re delighted to have delivered this capability."

Featurespace continues to partner with best-in-class technologies to provide holistic FRAML solutions for smart-thinking financial institutions like Soldo.  Featurespace's partnership with Vital4 provides customers with a consolidated view and ability to manage financial crime risks across AML, fraud and sanctions within a single next-generation risk management platform. Featurespace’s partnership with Callsign provides Enhanced Authentication and Device ID and security is provided by Accertify, and Ciphertrace provides crypto intelligence for transactional monitoring.

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