18 October 2017
visit www.response.ncr.com

GoHenry appoints Featurespace to safeguard funds

21 April 2017  |  4789 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 company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.innotribe.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15373 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8546 views comments | 16 tweets | 22 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
8101 views 0 | 8 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7619 views comments | 13 tweets | 9 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6780 views comments | 9 tweets | 17 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job