Feedzai, a global leader in financial crime prevention, has acquired Demyst, a data intelligence company specializing in aggregating and enriching risk data from diverse sources. This strategic acquisition aims to dismantle data silos and expedite risk decision-making processes for financial institutions. By integrating Demyst’s capabilities into its platform, Feedzai enhances its ability to provide real-time, AI-driven fraud detection and anti-money laundering solutions. The combined offering will empower banks, payment processors, and merchants to make more informed and timely risk assessments, thereby improving operational efficiency and customer trust.
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Pedro Barata, Chief Product Officer at Feedzai, emphasized the importance of this acquisition, stating, “We are thrilled to see our technology come to its full market potential when fused with Feedzai’s AI expertise, where the combination of our technologies is pushing the boundaries of what can be done to secure modern commerce.” This move aligns with Feedzai’s mission to safeguard global commerce and accelerate the transition to a cashless world by providing advanced, scalable, and privacy-conscious risk management solutions.