Feedzai positioned as the Leader in the 2023 SPARK MatrixTM for Behavioral Biometrics by Quadrant Knowledge Solutions

Press_releases • August 23, 2023

  • The Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis & ranking of the leading vendors.
  • Feedzai, with its comprehensive technology and customer experience management, has received strong ratings across the parameters of technology excellence and customer impact.

August 23rd, 2023: Quadrant Knowledge Solutions announced today that it has named Feedzai as a 2023 technology leader in the SPARK Matrix: Behavioral Biometrics, 2023.

The Quadrant Knowledge Solutions’ SPARK Matrix™ includes a detailed analysis of global market dynamics, major trends, vendor landscape, and competitive positioning. The study provides competitive analysis and ranking of the leading technology vendors in the form of its SPARK MatrixTM. The study offers strategic information for users to evaluate different provider capabilities, competitive differentiation, and market position.

According to Yashi Saxena, Analyst at Quadrant Knowledge Solutions, “Feedzai provides behavioral biometrics capabilities as a part of its Digital Trust solution, providing a holistic approach for an end-to-end risk management lifecycle and, enabling the identification of fraudulent activities such as impersonation and manipulation fraud.  The company’s key differentiated offerings include omnichannel case management, whitebox explanations, a data science studio, segment-of-one profiles, link analysis, and production-ready models.” “With its overall sophisticated Behavioral Biometrics offerings, ability to cater to a wide range of use cases, and robust strategy and roadmap, Feedzai continues to retain its position as a leader and has received strong ratings across the parameters of technology excellence and customer impact in the 2023 SPARK MatrixTM: Behavioral Biometrics” adds Yashi.

Pedro Barata, Chief Product Officer, at Feedzai added: “We are honored to be named 2023 technology leader by Quadrant Knowledge Solutions. This acknowledgement serves as strong evidence that Feedzai is at the forefront of innovation when it comes to protecting the world’s largest financial institutions and their customers

“To have Feedzai’s Digital Trust platform, which helps financial institutions fight malwares, impersonation, and network manipulation attacks – being recognised as a top performer  in the behavioral biometrics market is a fantastic achievement reflecting the collective dedication of the Feedzai team. We will continue to focus on developing future-ready technology  as we continue in our mission to combat financial crime.”

Quadrant Knowledge Solutions defines Behavioral Biometrics:

“A technology that passively and continuously monitors, analyzes, and authenticates users based on their behavioral, cognitive, and response attributes such as keystroke dynamics, device handling, touchscreen interaction, mouse movements, navigation pattern, form context and fluency, and data familiarity across the entire customer lifecycle. Behavioral Biometrics leverages advanced analytics and machine learning modules to continuously generate behavioral risk scores that help reduce false positives, minimize risk identification and remediation time, and drive frictionless customer experience.”

To combat the increasing frequency of fraud attacks, FIs are prioritizing the implementation of diverse security measures and strategies, while simultaneously strengthening their user authentication capabilities. By doing so, they aim to protect their customers and safeguard their assets from potential threats. A Behavioral Biometrics solution provides FIs in combating escalating risks by offering robust and scalable authentication capabilities. Through its risk-based approach, it enables organizations to elevate the customer experience. By analyzing user behavior across online channels, Behavioral Biometrics also reduces the administrative burden of managing user accounts.

Additional Resources:

About Feedzai:
Feedzai is the world’s first RiskOps platform, protecting people and payments with a comprehensive suite of AI-based solutions designed to stop fraud and financial crime. Feedzai is trusted by leading financial institutions to manage critical risk and compliance processes, safeguarding trillions of dollars of transactions while improving the customer experience and protecting the privacy of everyday users. For more information, visit feedzai.com.

Notes to editors:
Media Contacts:
Feedzai pr@feedzai.com Quadrant Knowledge Solutions
Mr Ajinkya Ingle
Quadrant Knowledge Solutions
Regus Business Center 35 Village Road, Suite 100,
Middleton Massachusetts 01949
United States Email: ajinkya@quadrant-solutions.com
Phone: (+1) 978-605-1066 Visit Our Website: https://quadrant-solutions.com Connect with us on LinkedIn- https://www.linkedin.com/company/quadrant-knowledge-solutions/

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