Deployment of AI and Machine Learning technology will help Soldo customers meet changing regulatory demands 

Cambridge, UK, Atlanta, Singapore – 25th October 2022 

Soldo, the European spend management platform, has partnered with UK fraud and financial crime specialist Featurespace to protect Soldo customers from the growing threat of financial attacks. 

Through the partnership, Soldo will get access to industry leading Card and Payment Fraud prevention and Anti-Money Laundering solutions through Featurespace’s award winning ARIC Risk Hub. Thanks to Featurespace’s recently announced partnership with Vital4, Soldo will also benefit from Artificial Intelligence-driven Watchlist, Politically Exposed Persons (PEPs) and Adverse Media screening – compliance relevant lists of high risk entities – enabling Soldo’s customers to effectively manage risk and ensure compliance across their business systems. 

“Protecting our customers is core to our business. That’s why partnerships like our one with Featurespace reinforces our ethos of striving for ways to make their lives easier and more secure”, comments Steve Whiting, Head of PayTech at Soldo. “As an innovative fintech, we’re excited by how Featurespace’s AI and ML capabilities can be integrated into everything from card and payment fraud through to AML and sanction screening.” 

Backed by some of the worlds leading investors, Soldo provides a flexible spend management platform that is trusted by businesses across Europe to enable efficient company and employee spending, including Sony, Mercedes-Benz and Eurostar.  

“It’s great to partner with Soldo, which like us is a fast-growing technology company,” said Matt Mills, Featurespace’s Chief Commercial Officer. “Soldo made it clear from the start that they needed a complete solution; from AML to card and payment fraud, and from PEP to sanctions. We’re delighted to have delivered this capability.” 

Featurespace continues to partner with best in class technologies to provide holistic FRAML solutions for smart thinking financial institutions like Soldo.  Featurespace’s partnership with Vital4 provides customers with a consolidated view and ability to manage financial crime risks across AML, fraud and sanctions within a single next generation risk management platform. Featurespace’s partnership with Callsign provides Enhanced Authentication and Device ID and security is provided by Accertify, and Ciphertrace provides crypto intelligence for transactional monitoring.  

 

About Featurespace:  

Featurespace is the world leader in enterprise grade technology that prevents fraud and financial crime. With a mission to make the world a safer place to transact, Featurespace helps banks and financial institutions protect customers, and reduce risk and business operating costs by providing industry-leading machine learning, financial crime prevention solutions.  Featurespace invented Adaptive Behavioral Analytics and Automated Deep Behavioral Networks and is the first to profile both genuine and fraudulent behavior to identify and block criminal activity in real time. Both are patent pending technologies that are central to Featurespace’s award winning ARIC™ Risk Hub.  Over 70 direct customers and 100,000 financial institutions have put their trust in Featurespace’s technology including HSBC, NatWest, TSYS, Worldpay, Marqeta, Contis, Danske Bank, Akbank, Edenred and Permanent TSB. Founded in 2008, and headquartered in Cambridge, UK Featurespace has a team of over 400, operating globally from seven locations. 

 

About Soldo: 

Soldo is the European pay and spend automation platform that combines smart company cards, issued by Mastercard®, with comprehensive management software. More than 30,000 companies, from small businesses to multi-national corporations in more than 31 countries, use Soldo to track and control spending. Headquartered in the UK, with additional offices in Dublin, Milan, and Rome, Soldo empowers customers including Mercedes Benz, GetYourGuide, Gymshark, Bauli, and Brooks Running to spend company money on travel and entertainment, advertising, purchases, software subscriptions, e-commerce, and more. Financial decision-makers can control every cost with custom budgets and real-time tracking of transactions. 

Start spending the brighter way. We’re proud to be supported by the world’s leading investors, including, Accel, Battery Ventures, Citi Ventures, Dawn, Silicon Valley Bank, Advent International, and Temasek.  

For more information, please visit www.soldo.com and follow us on Twitter @Soldo. 

 

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