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NEWS: Feedzai acquires Demyst to enhance AI-driven anti-fincrime tools

Nuno Sebastiao, CEO and co-founder of Feedzai

By PAUL O’DONOGHUE, Senior Correspondent

FEEDZAI, an AI-based financial crime prevention firm, has acquired DemystData, the company behind the Zonic data workflow platform.

Portugal-based Feedzai said the deal will it improve its AI-driven financial crime and fraud prevention services, which are largely aimed at banks and payment providers. Terms were not disclosed.

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