Fraud and fintech prevention technology developer Featurespace has become the latest member of The Knoble, a cross-sector anti-human crime association.
The duo have mapped out a joint commitment to making a positive impact on the fintech and technology industry, as well as the lives of ordinary people by fighting human crime.
Members of The Knoble – including financial service professionals, law enforcement, regulators and NGOs – aim to raise awareness of the contribution financial institutions can make to eliminating human crimes.
Ian Mitchell, Founder at The Knoble, said: “We’re excited to announce Featurespace becoming a corporate member as their goal of creating a safer environment for transactions echoes our mission of safeguarding the vulnerable in our society.
“By working together, we can effectively spread awareness about human crime to Featurespace’s vast global community in the financial services sector.”
Particular crimes The Knoble is focused on include human trafficking, child sexual exploitation, elder financial exploitation and scams that harm vulnerable individuals physically, emotionally, psychologically and financially.
Regarding the latter point, several high-profile financial institutions have issued warnings lately about a rise in scam activity. Back in November 2023, Lloyds issued warnings about crypto scams, which was followed by TSB and Revolut highlighting the threat of social media scams this year.
Featurespace is no stranger to working with prominent financial institutions, having partnered with NatWest in a fraud prevention arrangement in April last year.
On the firm’s addition to The Knoble, Featurespace CEO, Martina King, said: “We are thrilled to be helping the Knoble to unite our ecosystem to fight Human Crime. By mobilising together as financial service professionals, law enforcement, regulators, and NGOs, we can make tangible, long-lasting positive changes.
“At Featurespace, we believe in working towards a greater good. These changes affect all of us, and we are committed to playing our part.”
