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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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Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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