NEWS

FEATURESPACE - FORTUNITY BUSINESS PARTNERSHIP

April 2023

FORTUNITY and Featurespace have signed a business partnership! FORTUNITY will promote the award-winning fraud monitoring solution of Featurespace in the Netherlands. FORTUNITY will be organizing a round of introduction meetings soon to introduce Featurespace to financial institutions!

Some alternative introduction options are:
- the Featurespace Open Day on the 11th May 2023 in London (FORTUNITY will be present!)
- Money 20/20 in Amsterdam on June 6-8, 2023.

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 200,000 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. www.featurespace.com

ACQUISITION OF iDEAL BY EUROPEAN PAYMENTS INITIATIVE (EPI)

April 25, 2023
It was announced today that iDEAL will be acquired by the European Payments Initiative (EPI), which aims to roll out a uniform payment solution across all European countries. In the coming period, EPI will explore how iDEAL best fits into its strategy to develop a payment standard for the European market. EPI's acquisition of iDEAL proves the value and reliability of the iDEAL payment solution. As an organization and employees, Currence is proud that the EPI has chosen iDEAL as the foundation for its ambition.

It is impossible to imagine the Dutch payments landscape without iDEAL. With a reach of almost 100% of Dutch consumers, iDEAL has become the Dutch online payment standard since 2005. More than 1.2 billion payments per year are made with iDEAL, with over 6 million on peak days. 70% of all e-commerce transactions are paid with iDEAL in the Netherlands.

iDEAL continues to improve and expand continuously in order to keep up with the shopping and payment behavior of consumers and the wishes of entrepreneurs. The new iDEAL is all about convenience for consumers and the possibility of shaping their own payment process.

FORTUNITY is supporting Currence iDEAL B.V. with the migration of Issuers, Acquirers, Payment Service Providers and Merchants to the new version of iDEAL.