Backbase and Feedzai Partnership Integrates Financial Crime Prevention into Backbase Platform
SAN MATEO, Calif., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Backbase, a provider of engagement banking solutions, announces a strategic partnership with Feedzai, a company providing AI-native fraud prevention solutions, aiming to support financial institutions in addressing digital fraud while maintaining operational efficiency in customer interactions. The collaboration integrates Feedzai's Digital Trust solutions with Backbase's Engagement Banking Platform, offering financial institutions tools designed to enhance fraud prevention, support secure banking environments, and optimize digital customer experiences.
"By combining Backbase's engagement banking expertise with Feedzai's advanced security capabilities, we're giving financial institutions the complete package – superior customer experience and intelligent fraud prevention in one integrated platform,' said Jouk Pleiter CEO & Founder at Backbase. 'Together, we're setting a new standard for how banks can build trusted digital relationships with their customers."
The partnership offers financial institutions the following benefits:
Proactive fraud prevention with real-time AI-powered behavioral analysis across all digital channels.
Operational efficiency with AI-powered risk assessment designed to reduce false positives and associated costs.
Seamless integration with the Backbase Engagement Banking Platform and its suite of products, providing direct access to Feedzai's security capabilities.
The integration of Feedzai's Digital Trust platform—which monitors user behavior, device integrity, and potential threats in real time—with Backbase's Engagement Banking Platform aims to support secure and efficient digital banking experiences. Backbase facilitates customer interactions, while Feedzai's security framework operates in the background to help safeguard digital transactions without disrupting the user experience.
'As the financial services industry evolves, security can no longer be an afterthought — it must be woven into the very fabric of the customer experience,' said Nuno Sebastiao, CEO and Co-Founder at Feedzai. 'By partnering with Backbase, we're empowering financial institutions to deliver a unified, seamless journey that not only protects customers from fraud, but also ensures they feel valued, understood, and safe.'
About FeedzaiFeedzai provides an end-to-end financial crime prevention platform, utilizing AI-driven solutions to support the detection and prevention of fraud and financial crime. Financial institutions use Feedzai's technology to manage risk and compliance processes, with the platform designed to help safeguard transactions while supporting customer privacy and experience. For more information, users can visit feedzai.com.
About BackbaseBackbase provides the Engagement Banking Platform, a composable solution designed to support banks in their digital transformation efforts by modernizing key customer journeys. The platform helps streamline processes across onboarding, servicing, lending, and investing, aiming to enhance both customer and employee experiences. It is pre-integrated with core banking systems and fintech solutions to support scalability and operational efficiency.
Industry analysts Forrester, Gartner, Celent, Omdia and IDC continuously recognize Backbase's for its role in the engagement banking sector. The Backbase Engagement Banking Platform is used by over 150 financial institutions worldwide — including AIB, Banorte, Barclays, BIAT, Bank of the Philippine Islands, BDO, BNP Paribas, Banque Saudi Fransi, BRD, Citibank, Discovery Bank, First National Bank, HDFC, Ila Bank, KeyBank, Lloyds Banking Group, NatWest, Navy Federal Credit Union, OTP Group, PostFinance, Raiffeisen, Standard Bank, Saudi National Bank, Société Générale, Truist, and TPBank.
Backbase is a private fintech company, founded in 2003 in Amsterdam (Global HQ), with regional offices in Atlanta (Americas HQ), Cardiff, Dubai, Hyderabad, Kraków, London, Mexico City, Singapore (Asia HQ), Sydney, and Toronto. Users can visit www.backbase.com for more.
Contacts
Austin HyslipFeedzaiaustin.hyslip@feedzai.comAlex PapaioannouBackbasepress-relations@backbase.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
22 minutes ago
- Yahoo
StarRez Wins EdTech Breakthrough's 2025 'Student Safety Innovation Award'
StarRez leads the way in student safety innovation, by supporting colleges and universities worldwide in creating secure, connected, and thriving residential communities DENVER, June 10, 2025 (GLOBE NEWSWIRE) -- StarRez, global leader in housing and resident experience software that helps communities thrive - on and off-campus, today announced that it has received the 'Student Safety Innovation Award' in the 7th annual EdTech Breakthrough Awards program conducted by EdTech Breakthrough, a leading market intelligence organization that recognizes the top companies and solutions in the global educational technology market. 'At StarRez, we know that student housing plays a critical role in resident wellness, safety, and compliance. Across our global community, we're all working toward the same goal: creating safe, thriving communities where students can succeed,' said Travis Knipe, CEO of StarRez. 'While many solutions solve parts of the challenge, our focus is on delivering a unified platform that simplifies safety, compliance, and engagement, and drives real outcomes for our campus partners. We sincerely appreciate this recognition from EdTech Breakthrough reflects the incredible work of our team and customers. We remain committed to being a trusted partner on and off campus—helping deliver amazing experiences, reducing risk, automating operations, and ultimately improving student outcomes—all through one connected platform.' Safety is at the core of the StarRez platform, which equips housing teams with the tools to create secure, supportive living environments for students on and off campus. From housing applications and billing to roommate matching and off-campus education, StarRez streamlines the entire housing experience in one unified system. Beyond operational efficiency, the platform plays a vital role in enhancing student well-being and safety, helping students live, learn, and work with confidence throughout their academic journeys. StarRez equips housing teams with advanced tools to actively monitor and manage secure living environments. Features such as guest management, package tracking, digital ID scanning, and real-time communication enable staff to stay responsive and vigilant. The platform's Community Management solution fosters a sense of belonging while supporting student well-being, and its robust reporting and analytics surface key safety insights—helping teams identify trends, track incidents, automate follow ups, and take early action to maintain compliance and protect the campus community. As institutions around the world prioritize safer, smarter residential communities, StarRez continues to lead with measurable impact—empowering teams to enhance compliance, streamline safety protocols, and ensure secure access for every resident. Boosted Fire Safety Compliance: A EMEA-based university achieved a 95.75% compliance rate in fire safety activities by revamping their induction process using StarRez, ensuring students are well-informed and better prepared from day one. Streamlined Visitation Oversight: At the Fashion Institute of Technology, StarRez reduced in-person visitation-related office visits by over 60%, saving staff 12 hours a week. The platform empowers the Conduct and Public Safety teams with transparent tools to manage approvals, track policy violations, and enhance campus safety. Faster, Safer Access Control: The University of Central Arkansas cut housing access processing time by 86%—from 8 hours to just 1—through StarRez's automation capabilities, enabling secure, efficient door access for residents. 'Student needs have increased. They're requiring more attention and they're expecting better digital tools, especially in places like the housing portal', says Dante Brooks, Assistant Director of Housing at the University of Oklahoma. 'StarRez really lets us spend time with our residents and it lets us have really thoughtful interventions on everything from billing to assignments to resident well-being.' The platform makes it possible to embed compliance measures directly within the student booking experience. An interactive, automated system ensures students are informed before they even arrive on campus about rules and regulations such as fire safety. A pre-arrival fire safety video, post-move-in confirmation form, and in-person fire safety walks can ensure students actively engage with safety protocols. 'Beyond compliance, StarRez is creating a safer, more informed, and connected student experience. Universities are tasked with achieving widespread compliance in the face of challenging student engagement and ensuring student safety. However, traditional, fragmented approaches to compliance make safety training ineffective, unengaging, and hard to track,' said Steve Johansson, managing director, EdTech Breakthrough. 'StarRez is leading the way in student safety innovation, ensuring that universities worldwide can create secure, connected, and thriving residential communities. We're so pleased to be able to recognize them with 2025's 'Student Safety Innovation Award!'' As StarRez continues to advance AI capabilities within its platform, the benefits of a unified system grow exponentially—helping institutions future-proof operations while enhancing safety and student support. To learn more about StarRez's offerings and how they are leading the way in student safety innovation, visit About StarRezStarRez is the global leader in student housing software, providing innovative solutions for housing management, resident wellness and experience, and revenue generation. Trusted by 1,300+ clients across 25+ countries, StarRez supports more than 3 million beds annually with its user-friendly, all-in-one platform, delivering seamless experiences for both students and administrators. With offices in the United States, Australia, and the UK, StarRez blends the robust capabilities of a global organization with the personalized care and service of a trusted partner. For more information, visit About EdTech BreakthroughPart of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the EdTech Breakthrough Awards program is devoted to honoring excellence in educational technology products, companies and people. The EdTech Breakthrough Awards provide a platform for public recognition around the achievements of breakthrough educational technology in categories including e-learning, student engagement, school administration, career preparation, language learning, STEM and more. For more information, visit Tech Breakthrough LLC does not endorse any vendor, product or service depicted in our recognition programs, and does not advise technology users to select only those vendors with award designations. Tech Breakthrough LLC recognition consists of the opinions of the Tech Breakthrough LLC organization and should not be construed as statements of fact. Tech Breakthrough LLC disclaims all warranties, expressed or implied, with respect to this recognition program, including any warranties of merchantability or fitness for a particular purpose. Media contact: Caroline Hansen [chansen@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25 minutes ago
- Yahoo
Meta signs deal with nuclear plant to power AI and datacenters for 20 years
Meta on Tuesday said it had struck an agreement to keep one nuclear reactor of a US utility company in Illinois operating for 20 years. Meta's deal with Constellation Energy is the social networking company's first with a nuclear power plant. Other large tech companies are looking to secure electricity as US power demand rises significantly in part due to the needs of artificial intelligence and datacenters. Google has reached agreements to supply its datacenters with nuclear power via a half-dozen small reactors built by a California utility company. Microsoft's similar contract will restart the Three Mile Island nuclear plant, the site of the most serious nuclear accident and radiation leak in US history. Illinois helps subsidize Constellation Energy's nuclear plant, the Clinton Clean Energy Center, with a ratepayer-funded zero-emissions credit program that awards benefits for the generation of power virtually free of carbon emissions. That expires in 2027, when Meta's power purchase agreement will support the plant with an unspecified amount of money to help with relicensing and operations. Related: Three Mile Island nuclear reactor to restart to power Microsoft AI operations The deal allows Constellation to expand Clinton, which has a capacity of 1,121 megawatts, by 30MW. The plant powers the equivalent of about 800,000 US homes. Clinton began operating in 1987 and last year Constellation applied with the US Nuclear Regulatory Commission to renew its license through 2047. The deal could serve as a model for other big tech companies to support existing nuclear while they also plan to power datacenters with new nuclear and other energy sources. Urvi Parekh, head of global energy at Meta, said: 'One of the things that we hear very acutely from utilities is they want to have certainty that power plants operating today will continue to operate.' Joe Dominguez, CEO of Constellation, said, 'We're definitely having conversations with other clients, not just in Illinois, but really across the country, to step in and do what Meta has done, which is essentially give us a backstop so that we could make the investments needed to relicense these assets and keep them operating.' Bobby Wendell, an official at a unit of the International Brotherhood of Electrical Workers, said the agreement will deliver a 'stable work environment' for workers at the plant. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
TechCrunch
25 minutes ago
- TechCrunch
Report: Meta taps Scale AI's Alexandr Wang to join new ‘superintelligence' lab
In Brief Meta plans to unveil a new AI research lab dedicated to 'superintelligence' as the company works to compete in the AI race, according to several reports. Meta has tapped Scale AI founder and CEO Alexandr Wang to join the new lab, The New York Times reports. Meta has been in talks to invest billions into Scale AI as part of a deal that would bring Scale AI employees to Meta. Meta has also been poaching lead researchers from OpenAI and Google, per the Times. The new lab comes as Meta CEO Mark Zuckerberg grows frustrated with his company's AI shortfalls. Bloomberg reports he has been meeting with AI researchers and engineers at his homes in Lake Tahoe and Palo Alto to personally recruit a team of around 50 people, including a new head of AI research. Sources told Bloomberg that Zuckerberg believes Meta can and should outpace other tech companies gunning to achieve AGI, the still-undefined idea that AI systems could exceed human performance in many tasks. Meta AI last month reached 1 billion monthly active users.
