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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.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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