Featurespace is the world leader in Enterprise Financial Crime prevention for fraud and anti-money laundering. Featurespace invented Adaptive Behavioral Analytics and created the ARIC™ platform, a real-time machine learning software that risk scores events in more than 180 countries to prevent fraud and financial crime.
Impact Objective: To reduce financial fraud and money laundering
ARIC™ Risk Hub uses advanced, explainable anomaly detection to enable financial institutions to automatically identify risk, catch new fraud attacks and identify suspicious activity in real-time. More than 30 major global financial institutions are using ARIC to protect their business and their customers, including 4 of the 5 largest banks in the UK. Publicly announced customers include HSBC, TSYS, Worldpay, RBS NatWest Group, Contis, Danske Bank, ClearBank, Permanent TSB and Betfair.
Nesta first invested £650k in 2010, becoming the company’s first institutional investor. Since then, we have invested in 4 further funding rounds, investing £2.3m in total as the company has gone on to raise c.£80m from VCs including IP Group, Highland Europe, Insight, TTV, Merian and Invoke.
During our involvement with the company, Featurespace has transitioned from a technical consulting company into a market-leading fraud detection provider, partnering and licensing its technology to some of the foremost players in the financial services industry across the globe.
BibliU is a digital learning platform for universities that makes textbooks and reading materials more accessible than ever before. Impact Objective: Provide equal access to learning materials for all university...
Ai-Media UK is a for-profit social enterprise that provides live captioning in schools and universities to support students learning Impact objective: Improve the educational engagement and outcomes of young people...
Empiribox is a science education blended learning provider that supplies resources for primary school teachers to teach practical science lessons. Empiribox subscribers are sent science equipment, lesson and assessment resources...