Touchstone Innovations portfolio company Featurespace, the adaptive behavioural analytics risk prevention company, has agreed a joint business relationship with PWC UK, the professional services firm, to provide client organisations with advanced technology to combat real-time financial crime attacks.
Today’s financial services organisations need a sophisticated, real-time understanding of each individual customer’s behaviour to outsmart the criminals committing illicit activity.
By working alongside Featurespace, PwC UK will be able to provide its clients with an innovative real-time machine learning technology solution for combating financial crime risk, to complement the range of other financial crime advisory services PwC offers.
Martina King, Featurespace CEO, said:
“Protecting organisations from financial crime risk is our mission. Through this agreement with PwC UK, we can help organisations to outsmart the criminals by understanding individual behaviours in real time.”
Scott Samme, Financial Crime Analytics Director at PwC, commented:
“Featurespace’s technology presents an innovative way for the Financial Services industry to prevent and detect financial crime in real time. This allows us to assist our clients to become more effective and efficient in tackling financial crime risk.”