Computer security service iovation has launched machine learning, fraud detection system iovationScore. Based on big-data insights, collected over 12 years from 30 million international online transactions, iovationScore's adaptive algorithms aim to provide users with risk-assessment data for online transactions. iovation's CTO Scott Waddell said the system would also help "reduce friction" for existing customers, and "minimise resource-intensive manual reviews."
Computer security service iovation has launched machine learning, fraud detection system iovationScore. Based on big-data insights, collected over 12 years from 23 billion international online transactions, iovationScore's adaptive algorithms aim to provide users with risk-assessment data for online transactions. iovation's CTO Scott Waddell said the system would also help "reduce friction" for existing customers, and "minimise resource-intensive manual reviews."