Case Study: Central 1 strengthens payment fraud detection with Featurespace

Central 1 captures 79% of fraud volume with Featurespace

Central 1, the backbone of cooperative banking in Canada, faced a significant challenge with escalating payment fraud across its network of financial institutions. To combat this, they partnered with Featurespace to implement their enterprise fraud management solution, the Featurespace Platform, seeking a more comprehensive and advanced approach to fraud prevention.

The Featurespace Platform provided Central 1 with real-time fraud detection across their payment ecosystem. The solution proved highly effective, achieving a 79% fraud capture volume—a 51% uplift over the industry benchmark—and a 67% fraud capture value while maintaining a low false positive ratio. This integration enhanced security and improved operational efficiency for their clients.

Central 1