Clearbank combats fraud and money laundering with the use of machine learning

Solution:

Following a competitive evaluation process, Featurespace was selected for its ability to deliver a custom, machine learning-driven solution that learns individual behaviours and detects anomalies in real time. The ARIC platform's multi-tenancy functionality, which allows ClearBank to deliver advanced fraud detection and AML transaction monitoring to multiple clients with a single deployment and without requiring additional integrations, was also a critical factor in ClearBank's decision. With multi-tenancy, the bank can share specific data between its clients, while maintaining the privacy and security of customer data.