This week’s podcast guest is Martina King, CEO of Featurespace, who discusses why fraud has been an issue since the dawn of humanity, how the big banks are spending massive amounts on anti-fraud measures and only catching around half of all cases, and growing a company from a startup to a success story with interest from global giants.
Featurespace is an anti-financial crime startup for enterprises that analyses human behaviour to detect dangerous transactions. King, who joined the Cambridge-based firm as chief executive in 2012, discusses why financial institutions can never do enough to prevent fraud and ponders recent regulatory measures governing how finance firms should respond to cases.
King also explains why, due to the nature of authorised push payment fraud, it can be so difficult for payments providers to convince victims they are being scammed.
Listen to the full episode here, along with all previous episodes of the UKTN Podcast.
The UKTN Podcast is sponsored by HSBC Innovation Banking, which offers flexible banking solutions for startups, scaleups, growth businesses, investors and those working towards IPO.
Throughout the series, the UKTN Podcast speaks to some of the key movers and shakers from UK tech. We’ll learn growth strategies from both seasoned and up-and-coming founders, hear market sentiments from investors, and question policymakers on the decisions impacting the country’s innovation economy.