Afterpay reduces fraud risk with Cloudera while managing data at scale eight-fold increase of its daily transactions from 100 million to 800 million in under a year , Afterpay required a more stable production environment to accommodate large-scale data to ensure analytics can be performed accurately at speed without compromising operational efficiencies .
Cloudera , the hybrid data company , has announced that Afterpay is using the Cloudera Data Platform ( CDP ) to run streaming analytics and advanced Machine Learning for real-time fraud detection . This helps Afterpay identify , access and reduce business risk relating to fraud for its 3.6 million customers , delivering on the company ’ s mission to power an economy which offers consumers better financial access , inclusion and experience .
As a leading BNPL provider , the ability to ingest data from millions of transactions to identify duplicates and anomalies across its expansive customer base is critical . Given the
Existing in-house tools then were inadequate in managing these internal analytics requirements . The data platform also had to be flexible , scalable and built for growth to accommodate new and additional services and solutions to support Afterpay ’ s rapid expansion across the region and globally .
Harnessing analytics capabilities on CDP Public Cloud , Afterpay ’ s engineers are now able to produce up to 800 million hybrid data streaming events and batch features for the data analysis team to perform fraud and predictive analytics for more datadriven and accurate insights .
Globe launches new 5G monetization services with Amdocs
Amdocs , a leading provider of software and services to communications and media companies , has announced the expansion of its strategic collaboration with Globe Telecom , a leading service provider in the Philippines , to modernize Globe ’ s existing charging capabilities , speeding up time to market for new products and services .
Under the agreement , Amdocs will deploy its real-time charging solution across Globe ’ s multiple data centers and migrate the current charging system and subscribers to the new platform .
The platform will support API-based charging , allowing Globe to monetize digital and fintech services .
Raul Macatangay , CIO , Globe Telecom , said : “ In the era of digital convergence , it is imperative to ensure continuous modernization of business support systems in order to embrace new business models and meet evolving customer expectations . Building on our partnership with Amdocs , their 5G-native charging solution will provide us with the benefits of flexible , efficient real-time charging and monetization capabilities – empowering us to meet emerging business demands and customer needs .” Anthony Goonetilleke , Group President of Technology and Head of Strategy , Amdocs , said : “ We are pleased to expand our collaboration with Globe Telecom and provide them with our latest charging platform , offering seamless monetization opportunities for standalone 5G and beyond . As Globe moves forward on its digital journey , Amdocs platforms will help them drive revenue growth and deliver compelling experiences to their customers .”