IBM Announces Real-Time AI for Transaction Processing

Must Read

IBM z16 also is specifically designed to help protect against near-future threats that might be used to crack today’s encryption technologies.
“IBM z16 is an essential component for organisations across the African continent as they accelerate their digital transformation journey. By simplifying hybrid cloud adoption, modernizing applications, and keeping data safe, encrypted, and resilient – clients can have the cloud they want, with the privacy and security they need,” says Julia Carvalho, GM at IBM Africa Growth Markets.

“IBM z16 delivers breakthrough technologies for AI and cyber resiliency – making it a crucial platform for any digital transformation,” she says.

Financial institutions worldwide struggle with the impacts of fraudulent activities on their revenues and consumer interactions. IBM z16 brings together AI inferencing, via its IBM Telum Processor. Inferencing refers to the act of using a neural network to provide insights after it has been trained.

This innovation will allow banks to analyse for fraud during transactions on a massive scale. IBM z16 can process 300 billion inference requests per day, the company says.

For consumers, this could mean reducing the time and energy required to handle fraudulent transactions on their credit cards. For both merchants and card issuers, this could mean a reduction in revenue loss as consumers could avoid the frustration associated with false declines where they might turn to other cards for future transactions.

Other threats including tax fraud and organized retail theft are emerging as challenges for governments and businesses to control. Real-time payments and alternative payment methods like cryptocurrencies are pushing the limits on traditional fraud detection techniques.

- Advertisement -spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -spot_img
Latest News

Meta predicts the metaverse could add $40 billion to Africa’s economy

a word that until last year only existed in science fiction—is now the mainstay terminology when world economies look into the future.
- Advertisement -spot_img