Feedzai has acquired DemystData, including its Zonic data workflow orchestration platform, intellectual property and data-integration capabilities. The acquisition aims to unify data orchestration and risk management into a single platform for financial institutions; terms were not disclosed.
Financial crime prevention company Feedzai’s strategic move will combine Demyst’s data access capabilities with Feedzai’s AI technology to accelerate risk decisions with reduced consumer friction points.
“There is no shortage of data in our industry — the trick is how to access the right data as quickly as possible so that you can accelerate risk decisions with the fewest consumer friction points,” Nuno Sebastiao, Feedzai CEO and co-founder, said in a news release.
