.Settlements gigantic Visa (NYSE: V) on Thursday announced its own goal to acquire Featurespace, a developer of real-time expert system (AI) repayments protection technology that stops and alleviates remittances fraud as well as economic criminal offense threats.Visa believes acquisition of Featurespace will go well with as well as enhance Visa's portfolio of fraud diagnosis and risk-scoring solutions already in location as well as deliver significant perks to financial institutions, buyers, as well as the wider settlements market.Bred at Cambridge Educational institution's engineering department, Featurespace has developed ingenious algorithmic-based options to examine purchase data and also spot even the elusive fraudulence cases." Giving our customers along with solutions that may conform to as well as anticipate the altering risk landscape is of miraculous value," claimed Antony Cahill, Global Head of Value-added Companies at Visa. "Featurespace's sturdy base in artificial intelligence are going to enrich our existing item portfolio and enable us to address our customers' most sophisticated as well as pressing difficulties.".The mixed proficiency of Visa and also Featurespace are going to enable customers to handle scams in real-time as well as additional defend the payments environment making use of AI-fueled options. This financial investment builds on Visa's commitment to ecosystem safety.The purchase is actually anticipated to close in 2025.Information of Visa's programs to acquire Featurespace comes lower than two weeks after Mastercard declared it would get threat intelligence organization Recorded Potential from exclusive equity agency Insight Allies for $2.6 billion.Connected: Risk Intellect Organization Documented Future Acquired for $780 MillionAdvertisement. Scroll to proceed analysis.Related: Recorded Future Gets SecurityTrails in $65M Offer.Related: Inside Mastercard's Push for Continual Protection.Connected: CISO Conversations: Mastercard, Ellie Mae Surveillance Chiefs Review people Issue.