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Betfair Extends Deal With FeatureSpace
Online gambling group Betfair has signed an extended five-year anti-fraud technology partnership with Cambridge University-associated Featurespace, the company disclosed this week.
The two companies have been working together successfully for the past five years, allowing fraudulent behaviour to be predicted and identified in real time by analysing relevant data.
The extended partnership includes an upgrade to Featurespace’s ARIC engine, first deployed in 2008. The company claims that its upgraded system brings with it, for the first time, "infinite horizontal scalability".
Featurespace’s Adaptive Behavioural Analytics approach to automating the problem of fraud detection can continue to run in real time, even with Betfair’s constantly growing customer base, a company spokesman said. This will allow for peaks in events such as the Grand National to be handled without having to resort to manual review and rules-based systems.
Using Featurespace’s ARIC technology, Betfair is able to analyse millions of transactions per day, helping it to identify unusual behavioural patterns and spot customer fraud, thereby saving Betfair costs in risk management.
Martina King, CEO of Featurespace, told Computer World this week: “Fraud is becoming increasingly sophisticated, so companies need a solution that keeps them ahead, identifies new types of fraud, and reacts to it instantly - closing the door on vulnerabilities before they can be exploited."
King says that Featurespace has used Bayesian inference and machine learning, with ARIC predicting individual and group behaviour.
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The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
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The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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