**Feedzai Acquires Demyst to Enhance Data Access and Risk Management Capabilities**
Feedzai, a leading provider of financial risk management solutions, has announced the acquisition of Demyst, a company specializing in external data management and orchestration. The acquisition brings Demyst’s Zonic platform, which helps banks manage access to external data sources, into Feedzai’s RiskOps platform. This integration is expected to mitigate data siloing and accelerate risk decisions, enabling banks to make informed decisions faster. **Benefits of the Acquisition**
The acquisition of Demyst brings significant benefits to Feedzai and its clients. Some of the key advantages include:

• Enhanced data access capabilities: Demyst’s Zonic platform connects banks to a wide range of external data sources, including APIs, bulk files, streams, and more.
• Improved risk management: The integration of Zonic into Feedzai’s RiskOps platform enables banks to access the right data quickly, allowing them to make informed risk decisions with minimal consumer friction.
• Increased efficiency: Demyst’s platform allows nontechnical teams to spin up connectors and monitor data flows without requiring heavy IT involvement.
• Compliance with security and regulatory standards: Demyst adheres to various security and compliance frameworks, including SOC 2 Type II and the Fair Credit Reporting Act.

**How Zonic Works**
Zonic connects banks to a mix of external data sources using connectors, metadata management, and automated schema standardization. This enables banks to access a wide range of data sources, including government databases, sanctions lists, device fingerprints, behavioral biometrics vendors, credit bureaus, and more. Demyst’s CEO, Mark Hookey, explained, “External data is the next frontier of business impact for financial institutions, yet it is notoriously complex, involving a labyrinth of sources for KYC/AML, identity, fraud, credit checks, and compliance.”
**Streamlining Data Pipelines**
One of the key benefits of the acquisition is the ability to streamline data pipelines. Demyst’s platform allows users to create and deploy workflows, which define the steps involved in retrieving, processing, and integrating external data into a uniform, real-time data API. This enables banks to reduce false positives, speed onboarding, and improve AML/compliance workflows. The platform also allows users to create connectors and monitor data flows without requiring heavy IT involvement, making it easier to integrate external data sources into existing data infrastructure. **Integration into Feedzai’s RiskOps Platform**
The integration of Demyst’s Zonic platform into Feedzai’s RiskOps platform will offer a unified interface for fraud prediction, AML transaction monitoring, know-your-customer, and other RiskOps tasks. This will draw on both in-house and third-party data sources in real-time, enabling banks to make informed decisions faster. **Competition and Market Opportunity**
Demyst competes in the market of external data management and orchestration platforms that focus on financial data aggregation. Some of its competitors include Atlan, Collibra, Explorium, Codat, and Tamr. The acquisition of Demyst presents a significant opportunity for Feedzai to expand its market share and improve its position in the financial risk management market. **Conclusion**
The acquisition of Demyst by Feedzai marks an important step in the company’s journey to revolutionize financial risk management. By integrating Demyst’s Zonic platform into its RiskOps platform, Feedzai is poised to offer a more seamless and efficient solution for banks, enabling them to make informed decisions faster and improve their risk management capabilities.