IBM buys German payment fraud analytics firm IRIS Analytics Jan 15 2016, 09:45 ET | By: http://seekingalpha.com/author/sa-editor-eric-jhonsa, SA News Editor
Continuing its analytics-related acquisition spree, IBM has bought a German provider of software for investigating fraud cases, and modeling/simulating a company's response to a fraud event. Terms are undisclosed. IBM: "IRIS provides a real-time fraud analytics engine that leverages machine learning to generate rapid anti-fraud models while also supporting the creation and modification of ad-hoc models, proven successful on various sized payment platforms ... IRIS serves to bridge the gap between expert-driven rules and traditional predictive modeling by applying artificial intelligence and cognitive techniques to partner with human experts in suggesting best fit analytics interactively, while testing and deploying models with real production data, as it happens and without downtime." http://seekingalpha.com/news/3034026-ibm-buys-german-payment-fraud-analytics-fir m-iris-analytics?uprof=10 Lizette Koehler statistics: A precise and logical method for stating a half-truth inaccurately ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN
