Connect with us

Technology

Feedzai and Form3 Win Datos Insights 2024 Impact Award for Best Scam/APP Prevention Innovation

Published

on

Feedzai and Form3 have been awarded the prestigious Datos Insights 2024 Impact Award for their groundbreaking solution that prevents Authorized Push Payment (APP) fraud and uncovers money mules with 95% accuracy. This innovative collaboration is setting a new standard in fraud prevention, protecting both individuals and financial institutions.

LISBON, Portugal and SAN MATEO, Calif., Oct. 3, 2024 /PRNewswire-PRWeb/ — Feedzai, a global leader in fraud prevention and financial crime management, together with its customer Form3, are proud to announce that they have been recognized as the winners of the prestigious Datos Insights 2024 Impact Award in Fraud & AML for Best Scam/APP Prevention Innovation. This award highlights the groundbreaking collaboration between Feedzai and Form3 in developing a first-of-its-kind solution to combat Authorized Push Payment (APP) fraud and uncover money mules.

Working with Feedzai has allowed us to develop an industry-first solution incorporating both ‘collaborative intelligence’ and ‘inbound transaction scoring’ that truly addresses the unique complexities of APP fraud,” said Eimear O’Connor, Chief Product Officer at Form3.

Innovative Approach to Authorized Payments Fraud Detection and Money Mule Identification

Form3 and Feedzai have jointly created an advanced machine learning model that uniquely evaluates the risk associated with both the sender and the receiver of a transaction. This dual-risk evaluation is crucial not only for preventing APP fraud but also for identifying and eliminating money mules—individuals who are knowingly or unknowingly used by criminals to launder money. By understanding the behaviors and risks of both parties involved in a transaction, the model can identify and prevent fraudulent activities with an unprecedented 95% accuracy, significantly reducing the rate of undetected fraud by banks.

“Our collaboration with Form3 has allowed us to push the boundaries of fraud detection and uncover hidden threats like money mules,” said Pedro Barata, Chief Product Officer at Feedzai. “This recognition from Datos Insights is a testament to the power of innovation and partnership in creating solutions that meet current challenges and anticipate future needs in fraud prevention.”

A Solution with Real Impact on People and Financial Institutions

Scams, particularly APP fraud, exact a terrible emotional and financial toll on both individuals and financial institutions. Victims are often left devastated by the loss of their savings, while banks increasingly face the burden of compensating for these losses. This innovative solution not only helps banks clear their books of bad actors, such as money mules, but it also plays a crucial role in combating the broader scam epidemic. By proactively identifying and removing these threats, financial institutions can significantly reduce their exposure to risk, protect their customers, and ensure compliance with upcoming regulations.

Tailored for the Future of Financial Crime Prevention

The collaboration has resulted in a model that not only detects fraud but also seamlessly integrates into Form3’s account-to-account payment platform. This integration enables real-time transaction scoring, allowing financial institutions to take immediate action on both inbound and outbound transactions. The Form3 Fraud API has been designed to meet the individual needs of each bank, offering flexibility in how the solution is deployed and integrated with existing fraud prevention systems.

“Working with Feedzai has allowed us to develop an industry-first solution incorporating both ‘collaborative intelligence’ and ‘inbound transaction scoring’ that truly addresses the unique complexities of APP fraud,” said Eimear O’Connor, Chief Product Officer at Form3. “This award validates our joint efforts to create a safer and more secure payment ecosystem for all financial institutions and their customers.”

Meeting Regulatory Demands with Innovation

This innovative solution was launched in April 2024, ahead of new regulations from the Payment Systems Regulator that will mandate shared liability for APP fraud in the UK starting in October 2024. By offering a service that detects 95% of previously undetected fraud at market-standard false positive rates, the solution helps banks and financial institutions manage their liability while enhancing customer protection.

About Feedzai:

Feedzai is a leading provider of fraud prevention and anti-money laundering solutions, serving some of the world’s largest financial institutions. Powered by advanced machine learning, Feedzai’s technology secures trillions of dollars in transactions globally, protecting people and businesses from financial crime.

About Form3:

Form3 is the account-to-account payments platform. Founded In 2016, Form3 set out to revolutionize the world of payment processing and disrupt the traditional payment infrastructure model with an always-on, cloud-native, Payments-as-a-Service platform. Providing not only gateway services, its breadth and depth of solutions extend to fraud prevention, payments orchestration as well as data metrics. Today, Form3 is trusted by some of the UK’s and Europe’s biggest Tier1 banks and fastest-growing fintechs to handle their critical payments architecture. Form3 has been included in the 2024 Lazard T100 Index and was listed in the 2024 Top 100 Scale-ups in Europe. The company has also been awarded PayTech of the Year and Team of the Year for Form3’s Engineering Team at the UK Fintech Awards 2024, Accel Euroscape 2023 Top 100 Company, Tech of the Future for Banks & Financial Institutions 2023 by the Paytech Awards, and Engineering Team of the Year 2023 at the Europe Fintech Awards.

Media Contact:

Indigo Wilmann | Global Director, Content Marketing indigo.wilmann@feedzai.com 415-515-2830

Media Contact

Indigo Wilmann, Feedzai, 1 650-260-8924, indigo.wilmann@feedzai.com, https://feedzai.com/

View original content:https://www.prweb.com/releases/feedzai-and-form3-win-datos-insights-2024-impact-award-for-best-scamapp-prevention-innovation-302265399.html

SOURCE Feedzai

Continue Reading

Technology

LEAP Group Relaunches HumanView, a Growth Intelligence System Built to Explain Why Customers Behave the Way They Do

Published

on

By

Reimagined from the ground up, HumanView pairs statistical modeling with expert analysts to turn millions of real-world customer signals into business decisions

LOUISVILLE, Ky., Oct. 23, 2026 /PRNewswire/ — LEAP Group today announced the relaunch of HumanView, its growth intelligence service. The new version has been rebuilt from the ground up and now has a dedicated home at leapgroupnetwork.com/humanview.

HumanView analyzes what customers say and do across social platforms, e-commerce sites, review platforms, search behavior and user-generated content, including signals from Reddit, TikTok, YouTube, Meta, Amazon and Walmart+ that general AI tools cannot always access. Because the data reflects unprompted, real-world behavior, it avoids the response bias built into surveys and focus groups.

The service works in three layers. HumanView captures signals at scale, decodes millions of records through validated statistical models such as regression, correlation and clustering, and then relies on experienced analysts to interpret the patterns. Clients receive clear, human-validated insights instead of another dashboard.

“Machines find the patterns. Humans find the point,” said Alan Gilleo, CEO at LEAP Group. “The first version of HumanView showed us how much customers reveal when nobody is asking them questions. This version is built to explain why they act the way they do, and to put those answers in front of everyone making decisions, from product to service to marketing.”

HumanView focuses on three areas:

Growth Intelligence: customer motivations and how people perceive a brand and its competitors

Market and Category Intelligence: product pain points, service friction, unmet needs and competitive gaps

Audience Intelligence: new segments, positioning opportunities and gaps in the market

Every model is designed and validated by data scientists and benchmarked before it informs a recommendation.

To learn more about HumanView, visit leapgroupnetwork.com/humanview.

About LEAP Group
LEAP Group is a boutique marketing agency holding company with offices in Louisville, Indianapolis, Cincinnati and Chicago. Guided by the belief that brands should “Market Less. Matter More.,” LEAP gives clients access to specialized experts across its entire network. Learn more at leapgroupnetwork.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/leap-group-relaunches-humanview-a-growth-intelligence-system-built-to-explain-why-customers-behave-the-way-they-do-302918557.html

SOURCE LEAP Group

Continue Reading

Technology

STEPHEN A. SMITH ADDRESSES WHITE HOUSE DINNER ATTENDANCE, REAFFIRMS COMMITMENT TO HBCUs AND PROTECTING CORPORATE INVESTMENT IN BLACK EDUCATION

Published

on

By

NEW YORK, Oct. 23, 2026 /PRNewswire/ — Stephen A. Smith, media mogul, New York Times bestselling author, and proud 1991 graduate of Winston-Salem State University, is addressing the public discussion surrounding his decision to attend a White House dinner with President Donald Trump, emphasizing his commitment to the long-term financial stability of Historically Black Colleges and Universities (HBCUs).

For Smith, the decision was rooted in a commitment to institutions that have educated generations of Black leaders, professionals, entrepreneurs, and public servants.

“I will always advocate for HBCUs and the students whose futures depend on them,” Smith said. “My reason for attending the White House dinner was to discuss the challenges these institutions face in securing long-term funding and to make the case that corporate America must continue to invest in them.”

Smith acknowledged federal support through the FUTURE Act while expressing concern that political tensions surrounding diversity, equity, and inclusion (DEI) could discourage private companies from supporting HBCUs. He maintains that these institutions deserve sustained corporate partnerships, philanthropic contributions, and public investment.

“If we truly believe in free-market capitalism, businesses should be able to support educational institutions and charitable causes without fear of criticism or repercussions,” Smith said. “HBCUs have made extraordinary contributions to this country. They deserve sustained public and private investment.”

Ashley Christopher, Esq., Founder and CEO of the HBCU Week Foundation, recognized Smith’s advocacy and decision to engage with the administration.

“Stephen A. Smith has been a powerful advocate for HBCUs, using his platform and influence to shine a national spotlight on our institutions,” expressed Christopher, “His continued support of HBCU Week helps advance our mission of connecting students with life-changing educational opportunities, and we are proud to have him as our ambassador.”

Since Smith became an HBCU Week Ambassador in 2019, the initiative has facilitated more than 15,000 on-the-spot college acceptances and raised and awarded more than $150 million in scholarships, according to the HBCU Week Foundation.

As public discussion continues, Smith is emphasizing the importance of ensuring HBCUs have the resources and partnerships needed to educate future generations and expand opportunities for students.

CLICK HERE to watch Smith’s full response to his White House visit.

MEDIA CONTACT:

media@mrsasinc.com

View original content:https://www.prnewswire.com/news-releases/stephen-a-smith-addresses-white-house-dinner-attendance-reaffirms-commitment-to-hbcus-and-protecting-corporate-investment-in-black-education-302918547.html

SOURCE Straight Shooter Media

Continue Reading

Technology

Advantex Announces Completion of Financing and Extension of Maturity Date of Previously Issued Debentures

Published

on

By

TORONTO, Oct. 23, 2026 /CNW/ — Advantex Marketing International Inc. (CSE: ADX) (“Advantex”), a leader in the merchant cash advance and loyalty marketing products for merchants, today announced the completion of a $250,000 secured debt financing. Advantex issued a $250,000 non-convertible debenture which bears an interest rate at 12% per annum and matures December 15, 2027. The proceeds raised from this issuance of the Debenture will be used for working capital purposes.

Advantex has also extended the maturity of its existing $700,000 in 12% secured debentures from October 10, 2026 to December 15, 2027.

About Advantex Marketing International Inc.

Advantex provides working capital to merchants. Advantex also provides specialized marketing programs that enable members of Aeroplan to earn Aeroplan points at participating merchants.

Advantex shares trade on the Canadian Securities Exchange under the symbol ADX. For more information go to Advantex’s profile on www.sedar.com

Forward-Looking Information

This news release contains “forward-looking statements” within the meaning of applicable securities laws relating to the future business and operations of Advantex. Actual results and developments may differ materially from those contemplated by these statements. The business and operations of Advantex described herein is dependent on a number of factors and is subject to a number of risks and uncertainties. Factors that could cause actual results to differ material include, but are not limited to, changes in Advantex’s economic and competitive conditions including but not limited to the industry sectors in which Advantex operates.

The statements in this news release are made of the date of this release. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date the statements are made and Advantex undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law.

SOURCE Advantex Marketing International Inc.

Continue Reading

Trending