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IBM acquisition of credit card fraud detection company Analytics IRIS

via:博客园     time:2016/1/18 14:30:36     readed:1735

English text:Scoops Up IRIS Analytics Fraud Detection Firm IBM

In the past few years, anyone with a credit card may have experienced some form of fraud. Personally, I've met many times, and I'm not the only victim. Now, IBM is buying up.Analytics IRISAnd this is a use of machine intelligence to help banks detection of fraudulent use of credit card behavior of the company.

Safer Planet IBM general manager Bob

Griffin said that when the focus of the discussion into an external acquisition, IRIS become very eye-catching.

According to Griffin, IRIS's a big difference lies in the so-called

Another big factor for IBM acquisition of the company is that over time, IRIS solutions can make use of machine learning and cognitive learning techniques at the personal and institutional levels become more excellent. If you do not run to Russia but your credit card has suddenly been there for consumption, the system will be identified and marked on the account. If a credit card or an area presents a fraud, IRIS can also be detected.

Griffin said that the secret is to detect the occurrence of fraud, rather than wait until after the event, which is one of the advantages of IRIS. In turn, this technique is also helpful in judging the false alarm, which is a behavior that looks like a fraud, but in fact it's just an anomaly.

IBM is trying to transition to a company focused on cloud computing, big data, security and analysis of the company, in this context, the acquisition of IRIS transaction is clearly in line with this strategy. Iris will use a cloud service option to check each boxed product safety, and with the passage of time, the cloud service options can use data and analysis for the better.

In addition, Griffin said that IBM plans to integrate this technology into different areas, may connect reasonable place with Watson supercomputer, and ultimately in their bluemix platform for developers to put it as a foreign service provide. Once IRIS is fully integrated into IBM's ecosystem, he said, the company will begin to pay close attention to the advantages of using this technology in other business areas.

While Griffin declined to disclose the price, but he said the deal has been completed by the end of last year, the two sides held talks this week, in fact, is to carry out the integration of the negotiations.

Image source:TI_SER/SHUTTERSTOCK

Translation: Wang Canjun.@ he Wuyu)

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