ITSS and Feedzai Unite to Strengthen Fraud Defenses
IT Smart Systems (ITSS) has entered a strategic partnership with Feedzai, a prominent provider of AI-native financial crime prevention. The collaboration is designed to integrate Feedzai's machine learning-driven fraud detection tools into digital banking environments more efficiently, leveraging ITSS's experience in systems delivery and integration.
Feedzai has built its reputation on real-time risk assessment powered by artificial intelligence, helping financial institutions identify suspicious activity across transactions. ITSS, meanwhile, specializes in connecting complex banking platforms with front-end customer applications, ensuring that new technologies work smoothly within existing infrastructure. Together, the firms aim to shorten deployment timelines for fraud prevention systems.
The partnership arrives as banks face rising pressure to combat increasingly sophisticated financial crime. Criminals are using automated tools to probe defenses, making traditional rule-based approaches less sufficient. AI-based platforms that adapt to emerging patterns have become a priority for many lenders seeking to protect clients while minimizing false positives that can disrupt legitimate transactions.
By combining forces, ITSS and Feedzai expect to give banks a more direct path to advanced fraud protections. The companies say the collaboration will help financial institutions respond faster to threats and improve the overall customer experience. Specific product integrations and rollout plans are expected to be shared in the coming months.
Source: Finextra
