Citi Ventures Deploys Machine Learning And Artificial Intelligence With People

Citi Ventures, an arm of the bank that combines investments in startups with innovation developed in its six Citi Global Innovation Labs around the world, has announced a strategic investment in Feedzai, a machine learning company with a focus on real-time fraud prevention in ecommerce and banking. Feedzai said the investment will support its continued expansion of offerings to the financial services ecosystem. "Citi Ventures is actively exploring is the application of machine learning, which we are looking across multiple sectors including security, customer service, compliance, and data and analytics," said Ramneek Gupta, managing director and co-head of investing. In machine learning, it has invested in Feedzai, Cylance and Ayasdi "current portfolio companies deploying machine learning in innovative ways," Gupta said. "We have used Ayasdi's technology in several use cases and also provided valuable feedback and suggestions that helped Ayasdi evolve its product architecture for deployment into our own complex data environments. Our partnerships have also enabled us to learn a great deal from Cylance and Feedzai."