Playtech to Partner with Featurespace to Enhance Fraud Prevention
Leading internet betting group Playtech, is pleased to announce that they have entered into a partnership agreement with data analytics specialist Featurespace that will see it use the group’s fraud prevention product in order to protect operators from devious financial predators.
In terms of the deal Featurespace’s real-time, machine learning platform ARIC, which has a range of risk and fraud management tools, will be integrated into Playtech’s player management system.
The tool alerts Playtech should it detect strange betting patterns or any other unusual account activity in individual player behavior and Playtech then forwards the information to the operator in an endeavor to prevent fraud and other criminal activity. Operators can then strengthen their risk management and slash fraud losses which will help them to increase revenue.
Shimon Akad, Chief Operating Officer at Playtech, commented on the new deal by saying that Playtech has a proven track record in delivering the most advanced fraud prevention and risk management software and services to their licensees. He also said that they are therefore delighted to be partnering with Featurespace in order to offer their licensees access to an additional sophisticated, best-of-breed fraud prevention solution.
Akad went on to say that this arrangement further enhances their commitment to their customers and their players with the best gaming experience in the industry.
Martina King, Chief Executive Officer at Featurespace, said that they are extremely proud to partner with Playtech as both companies are committed to providing innovative solutions to the gaming sector and this partnership will enable real-time access to an enhanced level of protection for Playtech’s customers.