Featurespace has gained recognition for its AI-driven algorithms that analyze transaction data and detect fraud patterns.

This past week Visa (NYSE: V) announced it has signed a definitive agreement to acquire Featurespace, a developer of real-time artificial intelligence (AI)

Visa Inc. will acquire real-time artificial intelligence payments protection firm Featurespace Ltd. — marking the credit-card giant’s latest move in bolstering its fraud and financial crime risk detection portfolio.

Visa will acquire Featurespace, a leading AI firm specializing in financial crime detection, by 2025. The acquisition is expected to be completed in 2025, subject to regulatory approvals. The deal underscores Visa’s commitment to strengthening its fraud prevention technology to better serve its customers and the broader payments industry.

Visa has signed an agreement to acquire software company Featurespace, with the financial payments giant negotiating a potential £700 million deal according to reports from Sky News

Visa is set to acquire Featurespace, a company specialising in artificial intelligence (AI) tech for real-time payments fraud protection.

The acquisition of Featurespace will complement and strengthen Visa’s portfolio of fraud detection and risk-scoring solutions used by clients around the world to grow and protect their businesses.

Visa has agreed to buy AI-focused Featurespace, which develops enterprise technology preventing fraud and financial crime, for an undisclosed amount, it said on Thursday. Top tech companies are racing to build artificial intelligence into their products and services,

Visa Inc. (NYSE:V) shares are trading higher on Thursday. The company inked a deal to acquire Featurespace for an undisclosed amount. Featurespace is a developer of real-time AI payments protection technology that addresses fraud and financial crime risks.