Feedzai has partnered with machine learning tools provider DataRobot to provide an upgraded platform that will enable the financial institutions to identify financial crimes.

The collaboration will enable banks, merchants and other financial institutions to integrate DataRobot machine learning models within the Feedzai platform.

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The integration will help in preventing frauds and anti-money laundering activities.

Feedzai Product senior vice-president Saurabh Bajaj said: “Over the last year, we’ve focused our product efforts on giving our customers the best possible tools, while giving them the flexibility to choose the tools and technology that make sense for their teams.

“This integration with DataRobot enables us to further open the Feedzai platform to powerful machine learning algorithms into our platform to offer even more of the world’s advanced AI tools to our customers.”

DataRobot already works with various banking industry clients enabling automation of advanced machine learning models to reduce operating risks.

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These models will now be incorporated into Feedzai’s platform through the OpenML platform announced last year.

Besides helping in detecting financial anomalies, the integration will enable data scientists to carry out entire data science loop within the Feedzai platform.

It also offers the flexibility to import an external model to improve the process.

DataRobot Business Development senior vice-president Seann Gardiner said: “Our partnership with Feedzai gives banks and other financial institutions the flexibility to use the machine learning technology and tools that best fit their needs.

“The combination of Feedzai’s impressive threat detection technology and our world-class automated machine learning capabilities create a best-of-breed solution to fight fraud with unprecedented accuracy.”