What happened: how the Feedzai X-ray was made

The X-ray of Feedzai · the deck · how every X-ray is made · X-ray another name

This page shows what the agents did to make the X-ray of Feedzai, in the order it happened. Every number comes from two files: the raw record of the search (data/xray/feedzai/search/20261107T211645Z.json) and the X-ray itself (data/xray/feedzai/xray.json).

Step 1 of 6

1. The ask

On 7 November 2026 at 21:16 UTC, xray@web-summit.dinis typed one line into the search tool (admin/tools/xray-search.mjs): "Feedzai (financial crime prevention, AI agents for fraud and AML)", as a company. It was not typed at the booth: that path is still being built (WS-194).

The search tool is the orchestrator. It sent the same question to 4 search agents at the same moment, through OpenRouter, and waited for all of them. Each was told to search the public web and answer only in JSON, with a URL for every item.

  1. Perplexity search perplexity/sonar
  2. OpenAI search openai/gpt-5.4-nano:online
  3. Gemini search google/gemini-3.1-flash-lite:online
  4. OpenRouter web search anthropic/claude-haiku-5.5
The exact question each agent was sent
You are a research agent for RiskMandate X-ray. Subject (a company): "Feedzai (financial crime prevention, AI agents for fraud and AML)".
Search the public web and answer ONLY with JSON, no prose around it and no code fences:
{"what_it_does": "two sentences", "ai_agents": [{"name": "", "what_it_does": "", "actions": ["what the agent can do: tools, systems, data it touches"], "source": "url"}],
 "use_cases": [{"name": "", "who_uses_it": "", "what_the_agent_can_reach": ["systems, data, money, people it can act on"], "source": "url"}],
 "incidents_or_risks": [{"what": "", "when": "", "source": "url"}],
 "facts": [{"claim": "", "source": "url"}]}
Public, professional facts only; every item must carry the URL it comes from; nothing about private individuals; no contact details. If you find nothing for a field, give an empty list.

Rebuilt from admin/tools/xray-ask.mjs with this run's subject and kind. The question has not changed since the first run.

Step 2 of 6

2. Each search agent's call

Each search agent is a model, called through OpenRouter, asked to search the web and answer in JSON. All 4 started together; each bar runs from the moment the question went out to the moment its answer came back. The whole fan-out took 25.0 s, the time of the slowest.

Perplexity search7.4 s
OpenAI search12.9 s
Gemini search2.8 s
OpenRouter web search25.0 s

Perplexity search

perplexity/sonar

Time
7.4 s
Tokens in / out
220 / 1,217
Cost
$0.0064
Finished
stop: it finished its answer
URLs given
15 (15 returned as citations, 10 named in its answer)
Items in its answer
15
Leads checked
16: 15 confirmed, 1 not found, 0 unverified

Some of what it said, word for word:

  • Feedzai says it stops fraud and financial crime in real time with AI that catches risk and an AI agent that helps teams act and respond faster.
  • Its platform is designed to detect fraud across inbound and outbound transactions and multiple payment rails, including card fraud, account takeover, synthetic identity, scams, money mules, phishing, and malware.
  • Feedzai’s AML solution blends rules and machine learning to detect criminal activity, reduce false positives, prioritize alerts, and integrate SAR submission.

OpenAI search

openai/gpt-5.4-nano:online

Time
12.9 s
Tokens in / out
17,643 / 1,316
Cost
$0.0342
Finished
stop: it finished its answer
URLs given
3 (0 returned as citations, 3 named in its answer)
Items in its answer
9
Leads checked
9: 8 confirmed, 1 not found, 0 unverified

Some of what it said, word for word:

  • Feedzai’s RiskOps platform unifies identity across channels to detect fraud and money laundering risk from onboarding through remediation.
  • Farol is an embedded AI agent in Feedzai RiskOps that delivers contextual case summarizations, automated rule performance analytics, and SAR drafting inside the software stack analysts already use.
  • Farol includes capabilities for Risk Strategy, Investigations, Knowledge, and SAR Drafting.

Gemini search

google/gemini-3.1-flash-lite:online

Time
2.8 s
Tokens in / out
235 / 425
Cost
$0.0007
Finished
stop: it finished its answer
URLs given
4 (0 returned as citations, 4 named in its answer)
Items in its answer
4
Leads checked
5: 2 confirmed, 3 not found, 0 unverified

Some of what it said, word for word:

  • Feedzai's technology protects over 900 million users globally.
  • The company leverages a 'Risk Ledger' to share threat intelligence across its global network of clients.
  • Feedzai Fraud Prevention AI: An autonomous risk management system that analyzes behavioral and transactional data to identify and block fraudulent activity.

OpenRouter web search

anthropic/claude-haiku-5.5, with OpenRouter's web search plugin

Time
25.0 s
Tokens in / out
97,001 / 4,952
Cost
$0.0517
Finished
stop: it finished its answer
URLs given
14 (0 returned as citations, 14 named in its answer)
Items in its answer
20
Leads checked
24: 23 confirmed, 0 not found, 1 unverified

Some of what it said, word for word:

  • Feedzai was founded in 2011 and describes itself as an end-to-end AI-native platform for stopping fraud and financial crime.
  • Feedzai says its platform is built on Amazon Web Services cloud infrastructure and can ingest third-party and internal data through APIs and adapters.
  • Feedzai reports that the world's top banks, payment networks and acquirers use its technology to safeguard more than one billion consumers and $9 trillion in payment volume each year.

"Citations" are the URLs OpenRouter returned beside the answer; only Perplexity returns them for a JSON answer. "Named in its answer" are the URLs inside the JSON. Both are leads: nothing is taken from them until a source is read. "Tokens in" is how much each model was given to read: thousands when web results were added to the question, a few hundred when it had little beyond the question itself (see the experiments on whether Gemini searched at all).

Step 3 of 6

3. From claims to facts

What a model says is a lead. Only what we read on its source reaches the page.

The reading agent turned the 4 answers into 54 leads, each tagged with the model that said it, and looked for each one on a source it read. 48 confirmed, 5 not found, 1 unverified.

confirmednot foundunverified

  • Confirmed: a source we read says it.
  • Not found: we read the source, or looked for one, and it does not say it.
  • Unverified: we could not read the source (for example, the site refused us), so it stays a lead.
AgentLeadsConfirmedNot foundUnverified
Perplexity search161510
OpenAI search9810
Gemini search5230
OpenRouter web search242301
All544851

What did not hold up, and why

ModelWhat the model saidStatusWhy
perplexityIn suspicious activity reporting, the agent can reach SAR drafting and submission workflows.not-foundFarol drafts SARs for investigator review; no page read says Farol submits them. Integrated SAR submission is a feature of the AML product (s8), not of the agent.
openaiFarol includes agent protection and detection that verifies who authorised an agent.not-foundThe Farol page lists Agentic Detection as something Feedzai is building, under its roadmap, not as a Farol feature today.
gemini'Feedzai Fraud Prevention AI' is an autonomous system that interacts with core banking systems to block transactions.not-foundThe cited page (feedzai.com/solutions/fraud-prevention/) returns Page not found; no page read names such an agent.
geminiTier-1 banks and major fintechs use it, with an agent reaching payment processing systems and AML compliance databases.not-foundThe customer stories page lists bank customers but says nothing about an agent's reach.
geminiFeedzai uses a 'Risk Ledger' to share threat intelligence across its network.not-foundThe cited blog post returns Page not found. Feedzai's network intelligence product read today is Feedzai IQ / IQ Score (s14).
openrouterFeedzai and Mastercard announced a partnership in February 2025 to expand Mastercard's Consumer Fraud Risk scam solution.unverifiedmastercard.com returned Access Denied to our fetch.

Step 4 of 6

4. The reading agent

A reading agent: a Claude Code sub-agent of xray@web-summit.dinis, one per subject. It opened the sources the leads pointed to (and others it found), read them, and wrote the X-ray: every fact with its source and the date read. It finished at 7 November 2026 at 21:24 UTC.

28sources read
28tool calls
5 min 44 sreading time
170ktokens used

The sources, by kind

own-site21
docs0
press4
filing0
other3
All 28 sources, with the date each was read
IdSourceKindRead
s1AI-Native Fraud & Financial Crime Prevention Platform | Feedzai, Feedzai (feedzai.com)own-site2026-11-07
s2Farol: The AI Agent for Fraud & Risk | Feedzai, Feedzai (feedzai.com)own-site2026-11-07
s3As Banks Pivot to Agentic AI, Feedzai Unveils Farol to Transform Fraud Analysis and Cut Investigation Times (24 September 2026), Feedzai (feedzai.com)own-site2026-11-07
s4Market Leading Fraud Prevention RiskOps Platform | Feedzai, Feedzai (feedzai.com)own-site2026-11-07
s5AI for Fraud Prevention and Financial Crime | Feedzai, Feedzai (feedzai.com)own-site2026-11-07
s6Beyond the Transaction: 3 Key Lessons from Feedzai Fusion São Paulo 2026 (6 November 2026), Feedzai (feedzai.com)own-site2026-11-07
s7AML Transaction Monitoring Software: Powered by AI | Feedzai, Feedzai (feedzai.com)own-site2026-11-07
s8Anti-Money Laundering Transaction Monitoring | Feedzai, Feedzai (feedzai.com)own-site2026-11-07
s9Transaction Fraud Solution for Banks | Feedzai, Feedzai (feedzai.com)own-site2026-11-07
s10Fraud & Financial Crime Prevention for Retail Banks | Feedzai, Feedzai (feedzai.com)own-site2026-11-07
s11RiskOps Brazil: Merging Identity, Fraud, and AML | Feedzai, Feedzai (feedzai.com)own-site2026-11-07
s12Press Releases | Feedzai, Feedzai (feedzai.com)own-site2026-11-07
s13Anti-Money Laundering Solutions | Feedzai, Feedzai (feedzai.com)own-site2026-11-07
s14Feedzai Opens $9 Trillion Fraud Intelligence Network (9 June 2026), Feedzai (feedzai.com)own-site2026-11-07
s15Feedzai Unveils RiskFM AI Foundation Model for Financial Crime Prevention (24 March 2026), Feedzai (feedzai.com)own-site2026-11-07
s16llm.txt for Feedzai, Feedzai (feedzai.com)own-site2026-11-07
s17Customer Stories | Feedzai, Feedzai (feedzai.com)own-site2026-11-07
s18Feedzai: AI-Native, End-to-end Fraud and Financial Crime Prevention | AWS Marketplace, AWS Marketplace (vendor-supplied listing)other2026-11-07
s19Novobanco selects Feedzai to unify fraud and AML prevention, FinTech Globalpress2026-11-07
s20In Advance of Canada's Real-Time Rail Rollout, Peoples Group Partners with Feedzai to Advance Fraud Defenses and Support 24/7 Instant Payments (PR Newswire, 10 September 2026), Yahoo Finance (PR Newswire release)press2026-11-07
s21Feedzai Warns of AI-Powered Romance Scams as Citibank Faces Lawsuit Over $20 Million Fraud, FinanceFeedspress2026-11-07
s22Feedzai news and analysis articles: Chartis Research, Chartis Researchother2026-11-07
s23Feedzai Recognized as Industry Leader in SPARK Matrix for FCC Data Management, Feedzai (feedzai.com)own-site2026-11-07
s24Feedzai Tops Fraud and AML Machine Learning Platforms | Feedzai, Feedzai (feedzai.com)own-site2026-11-07
s25Banks Think They're Ready for Tomorrow's Fraud. Feedzai's Survey Suggests Otherwise (8 October 2026), PR Newswirepress2026-11-07
s26What Agentic AI Actually Changes in Fraud Prevention (13 August 2026), Feedzai (feedzai.com)own-site2026-11-07
s27Agentic AI Fraud Detection: The Future of Autonomous Risk Prevention (24 September 2026), Feedzai (feedzai.com)own-site2026-11-07
s28Who let the agent in? | Web Summit (Lisbon 2026 session page), Web Summit (websummit.com)other2026-11-07

Step 5 of 6

5. The review

xray@web-summit.dinis reviewed the X-ray on 2026-11-07 before it was published. What the review changed or checked:

  1. Removed two risks Feedzai describes from the incidents: not events.
  2. Kept the lawsuit lead as worded ("no Feedzai failure is alleged"), outside the incidents.

Step 6 of 6

6. What it cost

The search cost $0.0929 in all, as OpenRouter reported it for each call.

Perplexity search: $0.0064 (7%)OpenAI search: $0.0342 (37%)Gemini search: $0.0007 (1%)OpenRouter web search: $0.0517 (56%)

The reading was done by a Claude Code sub-agent in the session: no OpenRouter spend. Its cost is not recorded in dollars, only as about 170 thousand tokens.

25.0 sthe search, four agents in parallel
6 minthe reading
7 minfrom the search starting to the reading finished
115,099 / 7,910search tokens in / out

The time between the search and the start of the reading, and the time the review took, are not recorded.

What RiskMandate is and is not in this

The X-ray is a demonstration, made by agents. RiskMandate measures what your agents can actually reach, evidences the controls that contain them, prices the exposure, and produces that record. It is never in the request path: read-only by design (riskmandate.ai/llms.txt). Nothing on this page claims more for it.

Built by xray@web-summit.dinis from data/xray/feedzai/search/20261107T211645Z.json and data/xray/feedzai/xray.json. How every X-ray is made.

For an agent: this page is https://web-summit.sgit.ai/xray/feedzai/run/index.html (markdown: https://web-summit.sgit.ai/xray/feedzai/run/index.md). Site index for agents: https://web-summit.sgit.ai/llms.txt. Source: https://github.com/SGit-AI/SGit-AI__Website__Web-Summit (release branch dev). Identity of the agent that runs this site: https://web-summit.sgit.ai/agent/index.html.