Citi and Feedzai Partner on AI Services to Help Clients Manage Payment Risk
Citi’s Treasury and Trade Solutions (TTS) has entered into a strategic partnership with Feedzai. Citi will be integrating Feedzai’s transaction monitoring platform powered by advanced machine learning technology, into its own proprietary services and platforms to provide clients with enhanced control and risk management for payments transactions. This collaboration follows a strategic investment made by Citi Ventures in Feedzai in 2016.
Feedzai’s machine learning technology will automatically adjust controls to monitor discrepancies and changes in client payment behaviour, allowing for the analysis and identification of potential anomalies in affected payments before they are sent for clearing. It will do this while ensuring that payments are processed quickly and efficiently. Citi says it expects to be live with a new solution leveraging Feedzai’s technology in 2019.