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Edgaras's avatar

This is gold. Thank you for this stuff!

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David Sutton's avatar

While Stripe's Foundation Model is interesting work, the approach isn’t new. Several companies have built payments foundation models before. Featurespace (now part of Visa) announced the first one in 2023, published a paper, then used it in the 2024 PayUK APP PoC. Links below:

Peer-reviewed academic paper: https://arxiv.org/abs/2401.01641

Initial press release: https://www.featurespace.com/newsroom/featurespace-launches-tallierltm-for-the-financial-services-and-payments-industry

PayUK PoC results: https://www.featurespace.com/newsroom/featurespaces-pilot-with-pay-uk-again-demonstrates-the-potential-for-national-payments-systems-to-help-combat-fraud

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