Fast-growing tech company VGW has partnered with Featurespace to embed a fraud solution on its platform. Featurespace will deploy the ARIC™ Risk Hub as cloud-based Software as a Service (SaaS) to VGW, a creator of online social games which is headquartered in Australia.
What is market offering of Featurespace?
The news comes hot on the heels of the announcement that Featurespace is SOC 2 Type 2 compliant – meaning that it meets five key trust service principles for securely managing customer data: security, availability, processing integrity, confidentiality and privacy.
The VGW partnership is just the latest tie-up for Featurespace in Australia. Less than a year ago, Aussie’s sovereign domestic debit payments scheme, eftpos, onboard-ed Featurespace for a built-for-purpose fraud detection engine using artificial intelligence and machine learning.
And fintech Shaype platform, previously known as Hay as a Service, one of Australia’s first born-in-the-cloud financial services, also selected Featurespace’s ARIC™ Risk Hub solutions to help them detect and prevent fraud and money laundering on its mobile-first solution.
What were the executives’ thoughts on the partnership?
“We understand the importance of providing games and content that capture our customers’ imagination while building a reputation of trust and security, which is why this partnership with Featurespace is so important,” said John Osborn, Chief Operating Officer from VGW.
The partnership gives VGW access to the latest Featurespace solutions through the cloud-deployed ARIC™ Risk Hub. “We have developed an innovative entertainment platform that has security at its core and that’s where Featurespace’s ARIC™ Risk Hub comes in, enabling us to protect our players with the very best cloud-based fraud solution,” Osborn added.
“VGW approached us as the experts in financial crime prevention, because they are fast building a reputation in the online social gaming world while maintaining a laser focus on trust and security, ” said James MacDonald Turner, VP Commercial APAC for Featurespace.
“It was important to them to have a cloud-based SaaS solution which is fully compliant and that frees up resources in their organisation, enabling them to focus on their primary goal – providing the ultimate entertainment experience for their customers,” Turner further said.
