FTSE250 gambling technology group Playtech Plc has moved to strengthen its fraud prevention capacities, employing the real-time recognition ID software and guidance of iovation (TransUnion subsidiary).
Updating its stakeholders, Playtech development confirms that it has moved to install Iovation’s ‘FraudForce’ software across its ‘Playtech Open Platform – POP. – the technology group’s lead system for network partner gaming and play management services.
A leading software on digital fraud prevention, FraudForce focuses on the device patterns and recognition, not the user, to detect fraudulent activity and identify hidden links between devices and suspicious accounts or identify manipulation.
Confirming the partnership, Shimon Akad, chief operating officer, Playtech, said: “Everyone at Playtech is delighted to be working with iovation to bring FraudForce to our licensees.
‘We are passionate about equipping our operators with world-class fraud prevention tools, and our partnership with iovation is a key part of our strategy to deliver this. FraudForce is a powerful weapon in the war on cybercrime in online gambling, with its integration into IMS providing a seamless boost to the arsenal of our licensees.”
Utilising optimised real-time data dynamics, FraudForce has built a data recognition centre capable of matching over five billion devices.
‘FraudForce uses the historical behaviour of a device, even across subscribers and industries, to detect any association with previous fraudulent activity and accounts or policy violations.’ – Iovation details on Fraudforce’s capacities.
Moving forward, Playtech partners will be able to leverage the power of iovation’s international network of four thousand fraud analysts who see up to 30 million transactions a day and stop 300,000 attempts at fraud every day.
“We’re excited that Playtech is joining forces with iovation to make the Internet a safer and less complicated place for its licensees,” added Ed Wu, VP of global partnerships at iovation.
“Our partnership strengthens the ability to spot risks and remediate fraud threats. It’s a fantastic feeling to be able to work together to give users an extra level of confidence.”