28 June 2017
visit www.finastra.com

GoHenry appoints Featurespace to safeguard funds

21 April 2017  |  4361 views  |  0 Source: Featurespace

goHenry, the UK's first fully digital family banking solution designed to help young people manage their money, has appointed Featurespace, the leading machine learning Adaptive Behavioural Analytics fraud prevention company, to safeguard customers’ accounts and reduce fraudulent transactions.

Featurespace’s real-time, machine learning ARIC platform detects anomalies in individual behaviour for fraud and risk management. The ARIC platform will be integrated into goHenry’s system to provide transaction monitoring and fraud detection across the entire customer journey.

goHenry was founded with a mission to make the next generation of young people better at managing their money. It is a subscription service, which provides 6 to 18 year olds with a prepaid debit card and app with unique parental controls.

Parents can use the goHenry app to easily manage pocket money, set spending limits and rules on where the card can be used, and much more. These tools are designed to help children and teens learn to earn, save and spend responsibly, while giving parents peace of mind and an easy way to manage their children's pocket money.

By partnering with Featurespace, goHenry can ensure equally innovative full fraud and risk protection to its customers.

Louise Hill, goHenry COO, commented:

“We are delighted to be working with Featurespace to ensure that our customers are even better protected. Featurespace’s industry leading technology ensures that goHenry continues to lead the market.”

Martina King, Featurespace CEO, commented:

“Protecting goHenry’s young savers from fraudsters is an inspiring application of our machine learning technology - safeguarding children’s pocket money and giving parent’s peace of mind.

“goHenry offers a unique tool for parents to teach their children to earn, save and spend responsibly and we are very proud to be providing an equally pioneering fraud prevention solution.”

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit www.www.fisglobal.comvisit www.events.sap.comvisit vasco.com/news/PSD2-compliant-solutions

Top topics

Most viewed Most shared
Live: EBAday 2017, day twoLive: EBAday 2017, day two
11335 views comments | 4 tweets | 5 linkedin
ECB preps eurozone-wide instant payments serviceECB preps eurozone-wide instant payments s...
8873 views comments | 19 tweets | 34 linkedin
ABN Amro tests wearable tech for contactless paymentsABN Amro tests wearable tech for contactle...
8306 views comments | 9 tweets | 6 linkedin
hands typing furiouslyArtificial Intelligence- Computer to IOT
8289 views 0 | 4 tweets | 2 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job