Playtech gets…stronger in fraud detection

Playtech continues to impress everyone in the gambling industry, since the popular software provider is ready to up their game in order to detect more easily the frauds player may happen at times. The colossal software provider has announced the now completed integration of Featurespace’s machine learning fraud detection tools into its Information Management System (IMS). By this program, Playtech will have the chance to identify the soonest the possible the frauds that could occur really often. This is the result and the culmination of a strategic partnership agreed back in 2017, but the profits from this one will be overwhelming and a huge leap into the future.

The new platform is going to monitor the players’ behavior and it has the potential to instantly identify new fraudulent attacks while reducing the number of genuine, incorrectly sanctioned customers. By this way, the new feature will have the chance to significantly reduce poor player experiences. Once a licensee has set up Featurespace as a third-party provider within IMS, the occurrence of a set of pre-configured player events, such as deposits, withdrawals, and changes to personal information, begins triggering alerts for IMS to send information to the ARIC platform. In addition, licensees will be required to send historical data to Featurespace prior to its real-time investigations, in order to maximize the effectiveness of the ARIC program.

A press announcement published by the Playtech governance just a few days ago regarding the new strategy the company will follow, as well as the addition of the new platform, stated: “The deal forms part of the group’s strategy to further enhance its market-leading IMS platform”.

But as it seems, Playtech is not willing to stop there their aggressive expansion of their business, since their strategy also includes lots of other third-party agreements. One of those partnerships that are going to be announced within the next few days, is the one with Captain’s Up gamification engine, while even more will be published really soon.

Shimon Akad, who is the COO of Playtech, commented on the new systems that are going to be added in the company’s firepower. “We are developing industry-leading risk management technology and processes and Playtech’s IMS player management platform provides our licensees with the latest player protection protocols. I am therefore extremely delighted that our partnership and integration with Featurespace technology will enable us to further increase the quality and effectiveness of our offering.”

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