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  5. Industry roundup: 7 April: IBM adds AI to a chip to boost payment fraud detection

Industry roundup: 7 April: IBM adds AI to a chip to boost payment fraud detection

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7 April 2022

Moody’s assesses global economic impact of Ukraine war

Neil Katkov, who oversees the risk and compliance space at Celent, told Forbes the new IBM z16 mainframe with on-chip AI will permit high-speed payment processors to run all their transactions through fraud protection. Firms have until now been limited to around 10% of their transactions due to throughput and latency issues. Payment firms have two concerns when presented with a payment — preventing fraud and the second is turning down legitimate transactions, due to false positives.

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News article details

Industry
Capital Markets, Corporate Banking
Media Type
News Articles
Geographic Focus
Asia-Pacific, EMEA, LATAM, North America