IBM Targets Online Fraud by Scooping Up IRIS Analytics

Larry Loeb Principal, PBC Enterprises Follow Larry Loeb Larry Loeb has written for many of the last century’s major “dead tree” computer magazines, having been, among other things, a consulting editor for BYTE magazine and senior editor… See All Posts IBM recently announced that it acquired IRIS Analytics, a German firm founded in 2007 that specializes in real-time analytics of payment fraud. Terms of the acquisition, which closed late last year, were not disclosed. Using Machine Learning to Fight Fraud IRIS features a real-time analytics engine that uses machine learning to rapidly generate antifraud models. At the same time, it also supports the creation and modification of ad hoc models, which have been proven successful on various payment platforms. The engine helps human analysts detect problems and then act quickly…


Link to Full Article: IBM Targets Online Fraud by Scooping Up IRIS Analytics