Visa has officially completed its acquisition of Featurespace, a company specialising in real-time artificial intelligence (AI) technology for payment protection, announced in September.
Visa announced that its acquisition of Featurespace, a real-time artificial intelligence (AI) payment protection technology developer that mitigates payment fraud and financial crime risks, is finalised.
The deal, first revealed in September, was completed ahead of initial expectations for fiscal year 2025. It will provide significant benefits to both financial institutions and consumers by improving fraud prevention and risk-scoring capabilities with the power of innovative artificial intelligence (AI) technology.
By integrating Featurespace’s AI-driven tools, Visa plans to offer real-time detection of sophisticated fraud attacks without compromising user experience. Antony Cahill, President of Value-Added Services at Visa, stated that this collaboration combines cutting-edge technology and industry expertise to help clients navigate an increasingly complex threat landscape.
Over the coming months, Featurespace’s product portfolio will be incorporated into Visa’s existing offerings, expanding the range of fraud prevention solutions available to customers. Featurespace’s solutions can analyse transaction data, adapt to the changing threats, and detect even the most elusive fraud cases. The enhanced payment protection portfolio will help Visa address its clients’ most complex and pressing challenges. Dave Excell, Founder of Featurespace, expressed enthusiasm about setting a new standard in AI-powered fraud prevention as part of Visa.
UK-based Featurespace is a global AI-native transaction monitoring company that has been helping to prevent fraud and financial crime since 2008. It works with many of the world’s largest banks and financial institutions, protecting 500 million consumers globally and safely processing over 100 billion payment events annually.
