Deutsche Bank has partnered with payments behemoth Visa to strengthen its online retail fraud prevention resources. The collaboration makes Visa-owned company Cybersource's automated fraud detection system, Decision Manager, available to merchants who process their e-commerce payments via Deutsche. With Decision Manager, merchants will benefit from artificial intelligence-based calculations of risk value for each transaction to discover patterns and strategies. The application leverages an advanced risk model and global data intelligence from billions of data points of the Visa network to block fraudulent transactions and accelerate verified ones. According to Cybersource, Decision Manager prevented the equivalent of more than $22bn in potential fraud worldwide in 2021.

Optimization problems: this is still a bit of an unexplored and immature domain, with little (user-friendly) tooling available, like I also mentioned in one of my previous blogs. Interesting names to look at are JuMP (based on Julia language), ADMB, GLPK, OpenMDAO, Motulus, OptaPlanner… However all those tools are still rather complex and therefore still difficult to use for non-specialized developers.

A few days ago my fellow Red Hatters Mario Fusco, Matteo Mortari, Mark Proctor, Donato Marrazzo and myself (Edson Tirelli) had the opportunity to attend Decision Camp 2019. Following the tradition from previous years, this is a conference focused on Decision Management and related topics, with an emphasis on practitioners, vendors and users of the technology. In other words, a 3-day conference that packs a lot of content, mostly technical and strategic. This year in particular the agenda was packed full of interesting and relevant topics, ranging from human centric topics (like coordination of collaborative decisions), to compelling use cases (like airport gate scheduling), to glimpses of what is coming on the DMN standard (like temporal reasoning and discussions about DMN 2.0). You can find a good review of all the presentations on Sandy Kemsley's blog.