Finextra Feedzai Launches Risk Foundation Model for Financial Crime Prevention
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- •Feedzai has launched RiskFM, the first Tabular Foundation Model for financial data.
- •RiskFM is designed to enhance AI-driven financial crime prevention.
- •The model aims to improve risk decisioning in financial institutions.
Feedzai has introduced RiskFM (Risk Foundation Model), a Tabular Foundation Model designed specifically for financial data and risk decisioning. This model aims to enhance AI-driven financial crime prevention efforts. The launch positions Feedzai as a leader in the AI-native financial crime prevention sector. The RiskFM is the first of its kind, tailored to address the complexities of financial data. It is intended to improve the accuracy and efficiency of risk assessments in financial institutions. The unveiling of RiskFM is part of Feedzai's ongoing commitment to innovation in combating financial crime. Financial institutions are the primary beneficiaries of this new technology. The current status of the model is that it has been officially launched today.
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