Feedzai, a provider of risk management and fraud prevention solutions, and PwC, a global consulting firm, have joined forces to establish a Center of Excellence (CoE) dedicated to fighting financial crime.
This partnership enhances the delivery of solutions to financial institutions, enabling them to protect businesses and consumers.
These solutions are needed because financial crime is on the rise globally. Cybercriminals and bad actors have been launching increasingly sophisticated cyberattacks and it has become more challenging for consumers and businesses to protect themselves from such malicious activities.
Liviu Chirita, PwC Partner, Financial Crime Technology Leader said that this partnership amplifies their ability to deliver financial crime prevention solutions more efficiently.
The Center of Excellence in Czechia is a hub where Feedzai’s technology merges with PwC’s industry expertise and global reach.
From this location, the CoE will support financial institutions, offering a suite of solutions that address the evolving landscape of financial crime, enhance compliance processes, and improve customer experience.
The Center of Excellence provides financial institutions access to a team of experts from Feedzai and PwC.
This team is committed to providing support, ensuring banks and financial institutions can implement and optimize Feedzai’s technology to meet their needs.
The CoE will serve as an innovation hub, driving improvements and ensuring institutions are equipped to combat financial crime.
Nuno Sebastião, Co-Founder and CEO at Feedzai said that together with PwC, they are focused on creating a framework that supports innovation and tailored solutions for clients.
As covered, Feedzai is a provider of fraud prevention and financial crime compliance solutions.
Leveraging machine learning and analytics, its platform enables businesses to prevent financial crime in real-time.
As covered, PwC says that their purpose is to build trust in society and solve important problems.
They’re a network of firms in 156 countries with over 295,000 people who are committed to delivering quality in assurance, advisory and tax services.
