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FeedZai’s new fraud prevention software protects over $85B in electronic payments per year for Global 2000 customers.
Redwood City, Calif. (PRWEB) February 19, 2013
FeedZai also added two new US investors, SAP Ventures and Data Collective, as part of a $2.4M investment. These funds add to an initial May 2011 investment round of $1.9M from leading European investors, Novabase Capital, Espirito Santo Ventures and EDP Ventures.
FeedZai creates software that uncovers and manages business anomalies. FeedZai Fraud Prevention software employs next generation big data analytics that delivers the industry’s best sub-second fraud blocking with the lowest percent false positives. Its machine learning capability instantly identifies new fraudster schemes to stop fraudulent transactions in the first occurrence without waiting for typical semi-annual analytic model updates. Gartner awarded FeedZai its Cool Vendor Award in recognition of the rapid commercial success of FeedZai’s big data solutions. Customers include Coca-Cola, Logica, Vodafone, Ericsson, SIBs Payment Solutions, Horizon Wind Energy, and Servebase Credit Card Solutions. FeedZai North America is headquartered in Redwood City, CA. http://www.feedzai.com
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