The global research and advisory firm Forrester has recognized Featurespace™ as a Strong Performer in its report, The Forrester Wave™: Anti-Money-Laundering (AML), Q3 2022.

Featurespace, the leading machine learning Adaptive Behavioral Analytics risk management company, was recognized by Forrester as a Strong Performer in the AML evaluation, for its ARIC™ Risk Hub.

Forrester gave Featurespace top marks possible in the enhancements for watchlist management and Know Your Customer (KYC) and Customer Due Diligence (CDD), and commercial model criteria. The report also states that the Featurespace pricing model clarity and ease-of-use are “above par”.

Featurespace also received recognition from Forrester for its multitenancy support and easy importing of new data sources.

“There are also outstanding wizard and script-based rule-authoring capabilities.”

Forrester noted that Featurespace’s roadmap includes machine learning (ML) items : 1) ML-based, real-time transaction monitoring; 2) enhanced customer risk rating in KYC; and 3) ML for uncovering typologies in alert triage.

“Featurespace is a great fit for FIs that need productized and automatic feature extraction in their risk models and want a single, intuitive AML solution management interface.”

“Forrester is one of the most trusted voices in vendor and solution analysis, particularly for financial crime. To be recognized as a Strong Anti-Money Laundering Performer for the second year in a row is a strong seal of approval for Featurespace, and recognizes the innovations and enhancements that have been brought to our AML solution, as well as the work of our committed customers in combatting financial crime,” said Martina King, CEO of Featurespace. “Our mission is to make the world a safer place to transact, and this recognition for both our platform is evidence of our continued successful partnership between Featurespace and the world’s financial institutions. The emphasis from Forrester on the adaptive and open elements of our AML solution reflect the value we deliver.”

Featurespace was also named a Strong Performer in The Forrester Wave™: Anti-Money-Laundering Solutions, Q3 2019, and in The Forrester Wave™: Enterprise Fraud Management, Q3 2021.

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