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Partnership Announcement: Feedzai and Neterium Collaborate to Revolutionize Financial Crime Prevention

In a significant development for the financial technology sector, Feedzai, an AI-driven platform recognized for its comprehensive risk operations in financial crime prevention, has announced a partnership with Neterium, a cutting-edge RegTech company specializing in advanced screening technology. This collaboration aims to offer financial institutions a seamless, integrated solution to tackle the rising challenges associated with compliance and fraud prevention.

Addressing Market Demand for Comprehensive Risk Solutions

The partnership comes at a time when financial institutions are facing an increase in regulatory scrutiny and complexity. By unifying Feedzai's Watchlist Screening capabilities with Neterium’s innovative transaction screening technologies, the companies are creating a robust platform designed to provide a holistic view of financial risk. Historically, businesses have been burdened by fragmented systems which led to inefficiencies and higher operational costs. The combined service promises to streamline processes while ensuring compliance with regulatory directives.

Pedro Barata, Chief Product Officer at Feedzai, stated, "Banks have been vocal about their needs for fewer integrations and faster solutions that provide comprehensive oversight of compliance activities. By partnering with Neterium, we can offer a single platform that addresses these concerns effectively. This collaboration directly confronts the challenges that compliance teams face today."

Integrating Technology for Enhanced Performance

The strategic integration of Neterium’s cloud-native screening solutions into Feedzai’s ecosystem is poised to transform how compliance teams identify and mitigate risks associated with financial crimes. The newly enhanced Watchlist Screening feature now includes advanced transaction screening capabilities, which employ algorithm-based matching to enhance efficacy and minimize false positives. This development is critical for institutions striving to manage an increasing influx of transactions while ensuring regulatory compliance.

Features of the New Solution

1. Real-Time Processing
- Designed for the instant payments era, the new solution allows clients to conduct compliance checks without interrupting user experiences. It dynamically adapts to handle peak transaction volumes, ensuring that financial institutions remain compliant without jeopardizing customer satisfaction.

2. Operational Efficiency
- By utilizing AI and holistic matching techniques, the platform reduces the number of false positive alerts. This allows compliance analysts to concentrate on genuine risks, thereby decreasing the operational overhead associated with handling excess alerts.

3. Continuous Updates and Compliance
- Automated, real-time updates to global sanctions and watchlists are a key feature of the integrated platform. This ensures that financial institutions can maintain continuous accuracy in screenings and compliance without managing extensive databases manually.

4. Transparent Reporting
- The platform provides transparent decision-making processes with audit-ready reporting capabilities. Organizations can benefit from clear, explainable decisioning and constant visibility into their compliance activities, meeting the stringent requirements set forth by global regulators.

5. Cross-Solution Insights
- The integrated environment permits actionable insights across Feedzai’s Transaction Fraud solution and its complete Anti-Money Laundering (AML) suite, enhancing the ability to detect and manage financial crime.

A Commitment to Innovation and Excellence

Florence Vicentini, Chief Commercial Officer of Neterium, noted, "This partnership enhances the market access to a unified solution capable of addressing various compliance needs, starting with sanctions screening. By merging our strengths with Feedzai, we can offer our clients a seamless and scalable solution that makes a significant difference in their operations.”

The combination of Feedzai and Neterium's solutions is now available, providing institutions with the necessary tools for comprehensive financial crime prevention and compliance management. Financial organizations interested in these advanced capabilities are encouraged to explore more about how these integrated features can enhance screening accuracy and operational efficiency.

In conclusion, this partnership not only addresses immediate market needs but also lays the foundation for future advancements in financial crime prevention mechanisms. With the continued evolution of financial technology, collaborative efforts like those of Feedzai and Neterium signal a promising future in safeguarding the integrity of commerce and financial transactions.

Learn More

To discover how Feedzai and Neterium’s collaboration could transform your institution's compliance strategies, visit their websites for more detailed insights and offerings.