Portugal-based Feedzai and Belgium-based Neterium have formed a partnership to integrate their financial crime prevention technologies into an unified platform. This collaboration embeds Neterium’s cloud-based screening infrastructure within Feedzai’s RiskOps platform, adding transaction screening capabilities alongside the existing watchlist screening solution.

The integration is tailored to meet the demands of financial institutions for comprehensive compliance tools that minimize the necessity of working with multiple vendors. By merging Feedzai’s anti-money laundering (AML) and fraud detection features with Neterium’s algorithmic matching technology, this partnership aims to provide real-time screening while reducing false positives.

Features and capabilities of the integrated solution

Feedzai’s watchlist screening, now enhanced with Neterium’s technology, operates via API integration and is designed to support real-time payment processing. The platform automatically updates global sanctions lists and watchlists, eliminating the need for manual data management. It also features audit-ready reporting and explainable decision-making tools aimed at assisting organizations in meeting regulatory requirements across different jurisdictions.

The solution connects with Feedzai’s broader product suite, including its transaction fraud detection for banking and full AML offering, enabling seamless data sharing and insights across compliance functions.

According to a spokesperson from Feedzai, financial institutions have increasingly sought fewer integrations, quicker deployments, and full transparency in their compliance activities. The partnership with Neterium is intended to provide a consolidated platform addressing these needs.

Industry context

This collaboration occurs in a regulatory environment where compliance teams at banks and other financial institutions are grappling with growing complexities, especially concerning sanctions screening and AML enforcement. Global regulators have been intensifying their requirements for real-time transaction monitoring, while the shift towards instant payments has added additional urgency to effective screening solutions that do not introduce latency or friction.

For Neterium, this partnership expands the reach of its screening technology through Feedzai’s existing client base. A spokesperson from Neterium indicated that the collaboration is delivering results for financial institutions, with the integrated solution already addressing multiple use cases starting with sanctions screening.