Case Study: IATA strengthens global fraud detection with Featurespace

IATA protects $348bn in annual sales with Featurespace

The International Air Transport Association (IATA), representing 82% of global air traffic, collaborated with Featurespace to enhance fraud detection across its network. The challenge was to safeguard the New Generation of IATA Settlement Systems (ISS), which processes billions of passenger transactions annually, by delivering faster and safer financial settlement services for airlines and travel agents.

Featurespace implemented its Platform as a central, cloud-based risk-hub solution for IATA, known as the Risk Monitoring Engine. This solution now monitors 95% of the world’s travel agent airline ticket card sales, risk-scoring and protecting over 216 million transactions a year. The Featurespace Platform helps IATA safeguard $348 billion in annual global sales in real time across more than 180 countries.

International Air Transport Association (IATA)