Featurespace Founder and CTO, Dave Excell, talks to PaymentsSource about the possible effects of the Second Payments Services Directive (PSD2) on the adoption of Machine Learning technology in Banks and Payments Providers across Europe.
In recent years, new machine learning algorithms and big data have reduced fraud losses to an extent — however, their impact has been relatively limited, in part because the industry has been reluctant to use them. But the use of such technology is soon likely to become far more widespread in the U.K., and across the EU.
About the author:
Dave is an experienced technology innovator with over 18 years dedicated to the study of engineering. He founded Featurespace in 2008 and has since grown the company from a concept to a commercial success.
An expert in fraud-fighting technology, Dave has received several accolades including the ITC Enterprise Award for Young Entrepreneur and has spoken at conferences and to media around the world.
More from Dave:
No Stranger to Innovation: How the U.K. is Revolutionising the Fight Against Global Payments Fraud
Podcast: Dave Excell talks payments fraud, machine learning and expansion to the U.S.
Will PSD2 Be AI’s Big Break In Fighting Payments Fraud?
Digital Transactions: Convenience And Security Require Education And Technology
Using Adaptive Behavioral Analytics to Detect Fraud
The difference between Machine Learned models and Machine Learning models