IBM acquires German payment fraud prevention software company IRIS Analytics

IBM has acquired IRIS Analytics, a privately-held company that specialises in real-time analytics to help combat payment fraud. IRIS Analytics was founded in 2007 and is headquartered in Urbar, Germany, about 100 kilometres north-west of Frankfurt.

From the press release:

"As the payments industry continues to evolve with faster, alternative and mobile payments innovations and the expanding use of chip & PIN, fraudsters have become more technologically sophisticated and organized, adapting their fraud techniques more quickly. IRIS provides a real-time fraud analytics engine that leverages machine learning to generate rapid anti-fraud models while also supporting the creation and modification of ad-hoc models, proven successful on various sized payment platforms."

Financial terms of the deal were not disclosed.

Featured image credit: TK Kurikawa / Shutterstock

Share this:
Share on linkedin
Share on facebook
Share on twitter

Get exclusive access to news, data and actionable insights on the European Tech innovation ecosystem(s)

By subscribing to, you gain instant access to curated European technology news, market intelligence and interviews with leading startup founders, investors and more. Sign up now in under a minute to deepen your knowledge on the European Tech innovation ecosystems on a daily basis.