Online gaming and financial trading systems giant Playtech PLC (LON:PTEC) announced today that it has signed a strategic partnership with Featurespace, an industry leader in fraud prevention and risk management software using Adaptive Behavioural Analytics and machine learning.
The collaboration will see Featurespace’s ARIC technology solutions integrated into Playtech’s player management system, to provide an enhanced layer of fraud and risk management tools for Playtech licensees.
Featurespace’s real-time, machine learning ARIC platform detects fraud and risk management anomalies in individual player behaviour, and will allow Playtech’s customers to detect any unusual activity in their player base. This will enable Playtech’s customers to strengthen their risk management, further reduce fraud losses, and increase revenue.
The partnership further underlines Playtech’s commitment to helping customers manage risk and to providing best-of-breed gaming products to its customers.
Shimon Akad, COO of Playtech, said:
Playtech has a proven track record in delivering the most advanced fraud prevention and risk management software and services to our licensees. We are therefore delighted to be partnering with Featurespace in order to offer our licensees access to an additional, sophisticated, best-of-breed fraud prevention solution. This arrangement further enhances our commitment to our customers and their players with the best gaming experience in the industry.
Martina King, CEO of Featurespace added:
We are proud to partner with Playtech. 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.