Feedzai, an AI-native platform for financial crime prevention, has partnered with Matrix USA to support financial institutions (FIs) in combating fraud and money laundering on a global scale.

Through this collaboration, Feedzai and Matrix USA aim to provide modern technology and services. Matrix USA is known for offering advisory and technology services tailored to the financial industry.

Fighting AI fraud with advanced technology

In light of criminals increasingly using AI to aid their operations, many financial institutions are facing challenges posed by outdated infrastructure that struggles to keep up with emerging threats.

By combining Feedzai’s AI-driven financial crime prevention tools with Matrix USA’s implementation and advisory expertise, the two companies plan to tackle these issues and offer robust defenses without disrupting day-to-day activities. Lior Blik, CEO of Matrix USA, highlighted that this partnership is crucial for helping financial institutions modernize their fraud and anti-money laundering (AML) defense mechanisms without compromising on business operations.

Additionally, Feedzai and Matrix USA are establishing a Centre of Excellence to systematically deploy AI-based solutions for detecting and preventing fraud and AML across different markets. This approach ensures a structured rollout with repeatable outcomes.

Nuno Sebastião, Co-Founder and CEO of Feedzai, stated that as AI transforms the landscape of financial crime, institutions need solutions that can adapt quickly to technological changes. By collaborating, both companies aim to assist financial institutions in translating advanced capabilities into practical measures against sophisticated forms of financial crime, leveraging AI.

Following this strategic alliance, Feedzai recently secured a USD 75 million investment round, valuing the company at USD 2 billion. The proceeds were intended for optimizing existing offerings and developing new products and services.