HSBC using Featurespace’s ML platform to combat money laundering

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September 3 2019

HSBC, the global banking and financial services, has selected Featurespace, the machine learning and adaptive behavioural analytics fraud prevention company, as its strategic provider to bolster its fraud mitigation capabilities.

HSBC will be using Featurespace’s ARIC™ platform to support efforts to strengthen anti-money laundering and fraud efforts in the insurance and retail fields respectively.