About KKR This is one of many scenarios that Feedzai’s cloud-based risk management platform with robust machine learning is well placed to quickly adapt to.”. Feedzai is the market leader in fighting financial crime with today’s most advanced cloud-based risk management platform, powered by machine learning and artificial intelligence. Today, Feedzai monitors companies with more than 800 million customers in 190 countries, with products protecting half of the UK and Canada’s populations, as well as four of the five largest banks in North America. 23,086 were here. Would love your thoughts, please comment. View Spencer Chavez’s profile on LinkedIn, the world’s largest professional community. Spencer Chavez, Principal at KKR, continued, “We believe Feedzai’s platform uniquely meets these expectations and more, and we are looking forward to working with Nuno and the rest of the team to expand their offering even further.” The company has also expanded its Responsible AI framework, which was recently recognized as “Fraud Prevention Innovation of the Year” by Fintech Breakthrough, to allow financial institutions to provide the best customer experience possible while ensuring that Fairness, Accountability, Transparency, and Ethics (FATE) become part of the decision-making process. Many of the world’s largest financial institutions such as Citibank, Fiserv, and Santander, as well as the world’s most innovative Fintechs such as SoFi and Mox by Standard Chartered, already use Feedzai’s AI-powered risk management solutions. 212-750-8300 James Mawson. Feedzai Tae Yoon Principal at KKR San Francisco, CA. The investment comes as demand for Feedzai’s technology is accelerating alongside the rapid shift to digital banking and commerce, which has led to a significant increase in consumers becoming victims of financial crime. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at, “Fraud Prevention Innovation of the Year”, Next Generation Technology Growth Fund II. The investment follows the close of another exceptional financial year where Feedzai saw significant growth in all its geographic markets and customer verticals. Feedzai’s core offering originally focused on identifying transaction fraud, but in recent years has leveraged the underlying technology to expand into adjacencies such as anti-money laundering and account opening – making Feedzai one of the most comprehensive cloud-based financial crime prevention platforms in the market. Feedzai’s core offering originally focused on identifying transaction fraud, but in recent years has leveraged the underlying technology to expand into adjacencies such as anti-money laundering and account opening. “Financial institutions in the UK, in particular, may face an element of added risk later in the year – if the proposed increase to the maximum contactless payment amount becomes £100,” said Nuno Sebastiao, CEO and Chairman of Feedzai. Amir Mizroch The investment follows the close of another exceptional financial year where Feedzai saw significant growth in all its geographic markets and customer verticals. The IT Security Guru offers a daily news digest of all the best breaking IT security news stories first thing in the morning! At the same time, consumers rightfully demand a great customer experience, in addition to strong security layers when using banking or payments services,” said Stephen Shanley, Managing Director at KKR. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co. Spencer Chavez, Principal at KKR, continued, “We believe Feedzai’s platform uniquely meets these expectations and more, and we are looking … KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. In addition, Feedzai’s technology allows a more seamless, real-time experience for consumers. The investment comes as demand for Feedzai’s technology is accelerating alongside the rapid shift to digital banking and commerce, which has led to a significant increase in consumers becoming victims of financial crime. Spencer Chávez, director de KKR, continuó: “Creemos que la plataforma de Feedzai cumple de manera única con estas expectativas y más, y esperamos trabajar con Nuno y … KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. [email protected], Milltown Partners (for KKR EMEA): Spencer Chavez, Principal at KKR, continued, “We believe Feedzai’s platform uniquely meets these expectations and more, and we are looking forward to working with Nuno and the rest of the team to expand their offering even further.” March 24, 2021 04:01 ET | Source: Feedzai Inc Series D … San Mateo, California & Lisbon, Portugal – March 24th, 2021 – Feedzai, the world’s leading cloud-based financial risk management platform, today announced a $200 million Series D investment round led by leading global investment firm KKR, with participation from existing investors Sapphire Ventures and Citi Ventures. Principal, Real Estate + KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people and supporting growth in its portfolio companies and communities. 15th May 2020. James Mawson. Spencer has 6 jobs listed on their profile. The core of Feedzai’s offering is its artificial intelligence and machine learning platform, which processes customer and third-party data to identify, assess, and accelerate the remediation of potential threats. In the last quarter of 2020 alone, consumers faced a 650% increase in account takeover scams, a 600% in impersonation scams, and a 250% increase in online banking fraud attacks compared to the first quarter in the same year, according to Feedzai’s data. Capital to be used to further strengthen company's market-leading position SAN MATEO, Calif. and LISBON, Portugal, March 24, 2021 (GLOBE NEWSWIRE) -- Feedzai, the … Global commerce depends on future-proof technologies capable of dealing with a rapidly evolving threat landscape. [email protected], KKR Americas: Every time someone opens a bank account, transfers money, or makes a payment with their mobile device, they are experiencing transparency, convenience, and protection in 3 milliseconds or less – all made possible by Feedzai’s AI platform. Tae Yoon. Spencer Chavez, Principal at KKR, continued, "We believe Feedzai’s platform uniquely meets these expectations and more, and we are looking forward to working with Nuno and the rest of the team to expand their offering even further.” Feedzai’s cloud-based risk management platform is uniquely positioned to respond both to the need for accuracy and operational value, as customers expect protection as much as a seamless shopping experience. The core of Feedzai’s offering is its artificial intelligence and machine learning platform, which processes customer and third-party data to identify, assess, and accelerate the remediation of potential threats. Spencer Chavez Principal at KKR San Francisco, CA. Spencer Chavez Student at Utah Valley University Pleasant Grove, UT. Spencer Chavez Principal at KKR San Francisco, CA. Leading Financial Risk Management Platform Feedzai Raises $200 Million Growth Investment Led by KKR. The company has also expanded its Responsible AI framework, which was recently recognized as “Fraud Prevention Innovation of the Year” by Fintech Breakthrough, to allow financial institutions to provide the best customer experience possible while ensuring that Fairness, Accountability, Transparency, and Ethics (FATE) become part of the decision-making process. Our Address: 10 London Mews, London, W2 1HY, © 2015 - 2019 IT Security Guru - Website Managed by Calm Logic. In addition to its core offering, the company recently launched “Feedzai Solutions,” an initiative aimed at democratizing the fight against financial crime by allowing financial institutions of all sizes to benefit from the most advanced technology available today in an “out-of-the-box” format. Rising Stars 2020 Contents. “Feedzai offers a powerful solution to one of the biggest challenges we are facing today: financial crime in the digital age. 29th January 2020. Feedzai, the cloud-based financial risk management platform, today announced a $200 million Series D investment round led by leading global investment firm KKR, with participation from existing investors Sapphire Ventures, and Citi Ventures. The new investment will be used to accelerate the company’s global expansion, further develop its product offerings, and boost its partner strategy to strengthen its position as one of the most comprehensive financial crime prevention and risk management solutions in the market. KKR will be making the investment through its Next Generation Technology Growth Fund II, a fund dedicated to growth equity investment opportunities in the technology space. Cara Major or Miles Radcliffe-Trenner The TMT Growth team is a group of media and telecommunications experts with extensive backgrounds in investing across both private equity and growth equity. Spencer Chavez, Principal at KKR, continued, “We believe Feedzai’s platform uniquely meets these expectations and more, and we are looking … About Feedzai The company states that the new investment will be used to accelerate its global expansion, further develop its product offerings, and boost its partner strategy to strengthen its position as one of the most comprehensive financial crime prevention and risk management solution in the market. “Fraud Prevention Innovation of the Year”, Next Generation Technology Growth Fund II, Carding Mafia hack: 300,000 user accounts exposed, University of California and Stanford University systems breached, Hackers are using web shells to steal credit cards, Multiple EU organisations have been hit by a cyber-attack. The net result of this approach is significantly higher rates of financial crime detection with lower rates of false positives in contrast to legacy, often rules-based approaches, and meaningful cost savings for customers through fewer charge-backs, more efficient triage of alerts, and avoidance of regulatory fines. 23,085 were here. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. Principal, KKR + Alan Cheng. Many of the world’s largest financial institutions, such as Citibank, Fiserv, and Santander, as well as the world’s most innovative Fintechs such as SoFi and Mox by Standard Chartered, already use Feedzai’s AI-powered risk management solutions. In addition to its core offering, the company recently launched “Feedzai Solutions,” an initiative aimed at democratizing the fight against financial crime by allowing financial institutions of all sizes to benefit from the most advanced technology available today in an “out-of-the-box” format. This means financial institutions’ risk management capabilities have never been so crucial. Sebastiao explained: “According to the UK government’s Economic Crime Plan 2019-2022, serious and organised crime is estimated to cost the UK at least £37 billion each year, with further estimates from the National Economic Crime Centre finding that money laundering can cost upwards of £100 billion in the UK per year. Spencer Chavez, Principal at KKR, continued, “We believe Feedzai’s platform uniquely meets these expectations and more, and we are looking forward to working with Nuno and the rest of the team to expand their offering even further.” Rather than you having to trawl through all the news feeds to find out what’s cooking, you can quickly get everything you need from this site! Spencer Chavez, Principal at KKR, continued, “We believe Feedzai’s platform uniquely meets these expectations and more, and we are looking … Spencer Chavez, Principal at KKR, continued, “We believe Feedzai’s platform uniquely meets these expectations and more, and we are looking forward to working with Nuno and the rest of the team to expand their offering even further.” At the same time, consumers rightfully demand a great customer experience, in addition to strong security layers when using banking or payments services,” said Stephen Shanley, Managing Director at KKR. Spencer Chavez. Igor Carvalho Which cookies and scripts are used and how they impact your visit is specified on the left. Director, KKR Credit + Tong Chen. Today, Feedzai monitors companies with more than 800 million customers in 190 countries, with products protecting half of the U.K.’s and Canada’s populations, as well as four of the five largest banks in North America. Every time someone opens a bank account, transfers money, or makes a payment with their mobile device, they are experiencing transparency, convenience, and protection in 3 milliseconds or less – all made possible by Feedzai’s AI platform. Spencer Chavez. Feedzai has one mission: to make banking and commerce safe by combining fraud prevention and anti-money laundering under one platform to manage financial crime. perience. The Official Lansing Community College page. The world’s largest banks, processors, and retailers use Feedzai to safeguard trillions of dollars and manage risk while improving customer ex Your choices will not impact your visit. The world has faster digitization requirements, and financial institutions need reliable solutions that thrive in this new digital environment in days, not months,” said Nuno Sebastiao, CEO and Chairman of Feedzai. “While this is meant to boost high street shopping, FIs will need to ensure that on the one hand they are providing a safe experience and limiting fraud, and on the other that they aren’t blocking too many transactions as shopping habits change. Spencer Chavez, Principal at KKR, continued, “We believe Feedzai’s platform uniquely meets these expectations and more, and we are looking forward to working with Nuno and the rest of the team to expand their offering even further.”. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. This site uses functional cookies and external scripts to improve your experience. +972-50-9989-338 Principal, Private Equity + Yewy Cheah. NOTE: These settings will only apply to the browser and device you are currently using. Read more . Spencer Chavez, Principal at KKR, continued, “We believe Feedzai’s platform uniquely meets these expectations and more, and we are looking … Principal, Real Estate + Daniel Cho. Feedzai’s platform is used by the world’s leading financial institutions, payment providers, and merchants to manage the risk of financial crime while enabling an optimised experience for end-users. “We’re thrilled to be working with KKR to bring more innovation into this space and to keep protecting our customers from an ever-evolving financial crime landscape,” he said. Bryan Jackson. Head of Global Communications In the last quarter of 2020 alone, consumers faced a 650% increase in account takeover scams, a 600% in impersonation scams, and a 250% increase in online banking fraud attacks compared to the first quarter in the same year, according to Feedzai’s data. “Feedzai offers a powerful solution to one of the biggest challenges we are facing today: financial crime in the digital age. This site uses functional cookies and external scripts to improve your experience. Capital to be used to further strengthen company’s market-leading position. “Feedzai’s technology is the cornerstone of today’s commerce as consumers across the globe expect fast, reliable, seamless, and, above all, secure banking and payment experiences. Chavez rises further with move to KKR. Anuv Ratan. Spencer Chavez, Principal at KKR, continued, “We believe Feedzai’s platform uniquely meets these expectations and more, and we are looking forward to working with Nuno and the rest of the team to expand their offering even further.”. Spencer Chavez Principal at KKR San Francisco, CA. Spencer Chavez, a principal at Salesforce Ventures, the corporate venture capital subsidiary of enterprise software producer Salesforce who ranked sixth as a GCV Rising Stars winner in January 2020, has joined alternatives asset manager KKR as a principal in its technology, media and telecoms growth team. Principal, KKR Credit + David Cheong. You may change your settings at any time. Feedzai is now valued at well over $1 billion, making it Portugal’s first tech unicorn company. The Official Lansing Community College page. Anuv Ratan Private Equity Principal at KKR San Francisco Bay Area. Manish Kohli, Global Head of Payments and Receivables, with Citi’s Treasury and Trade Solutions, said: “Citi is committed to advancing global payments anchored on transparency, efficiency, and control, and our partnership with Feedzai is allowing us to provide customers with technology that seamlessly balances agility and security.”. Grace Zhao. [email protected], Leading Financial Risk Management Platform Feedzai Raises $200 Million Growth Investment Led by KKR, KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. “We believe Feedzai’s platform uniquely meets these expectations and more, and we are looking forward to working with Nuno and the rest of the team to … Managing Director, Real Estate + Roy Cheong. Spencer Chavez, a GCV Rising Stars 2020 winner, has stepped down from his position as principal at Salesforce Ventures to join KKR. “We’re thrilled to be working with KKR to bring more innovation into this space and to keep protecting our customers from an ever-evolving financial crime landscape.”. Grace Zhao KKR PE Associate Beijing, China. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people and supporting growth in its portfolio companies and communities. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of The Global Atlantic Financial Group. In addition, Feedzai’s technology allows a more seamless, real-time experience for consumers. KKR is a leading global private equity firm that currently manages over $215B of assets across fifteen countries. Director, KKR Capstone + Victor Chen. KKR will be making the investment through its Next Generation Technology Growth Fund II, a fund dedicated to growth equity investment opportunities in the technology space. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of The Global Atlantic Financial Group. The net result of this approach is significantly higher rates of financial crime detection with lower rates of false positives in contrast to legacy, often rules-based approaches, and meaningful cost savings for customers through fewer charge-backs, more efficient triage of alerts, and avoidance of regulatory fines. Jim Miele. As people are transacting online now more than ever before, fraudsters are forever coming up with new techniques. Global commerce depends on future-proof technologies capable of dealing with a rapidly evolving threat landscape. 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