Whish Money to deploy Visa’s Featurespace to strengthen real-time fraud prevention in Lebanon
Whish Money has announced a collaboration with Visa to deploy Featurespace, Visa’s AI-powered fraud prevention solution, across multiple payment channels in Lebanon. The deployment aims to strengthen the fintech’s ability to detect fraud and scams across its payment ecosystem.
Fraudulent activity can involve multiple transactions, payment channels and customer interactions, making it important to assess risks beyond individual transactions. Featurespace uses Adaptive Behavioral Analytics to analyse customer activity and interactions across payment channels in real time.
By combining transaction and behavioural data, the solution generates risk scores and supports decision-making to help identify unusual patterns and suspicious transactions.
Whish Money, which processes more than $40 billion in payments annually, plans to integrate these capabilities across its payments ecosystem to enhance fraud monitoring and risk management as its business expands.
“Protecting our customers starts before money moves,” said Jad Koussa, CEO of Whish Money. He said the company needs technology that can adapt to changing customer behaviour and evolving fraud methods as its services grow.
Koussa added that deploying Featurespace would strengthen the company’s ability to identify suspicious activity across payment channels and make more informed risk decisions, helping customers send, pay and receive money with greater confidence.
Walter Lironi, Head of Value-Added Services for Central and Eastern Europe, Middle East and Africa (CEMEA) at Visa, said fraud prevention increasingly requires visibility beyond individual transactions.
He noted that Featurespace combines behavioural analytics and real-time risk scoring and decisioning with Visa’s network-level risk capabilities. This approach is designed to help clients such as Whish Money assess activity across different channels and make informed decisions as fraud patterns evolve.
