IBM's launches Telum processor to detect fraud in real time

Wednesday 25 August 2021 14:34 CET | News

IBM has launched Telum chip, an IBM processor that can perform deep learning predictions on enterprise workloads in real time to address fraud.

The processor features on-chip acceleration for artificial intelligence inferencing, or the process of making predictions on data, while transaction are taking place. It’s designed to power a new generation of mainframes used to run banking, finance, trading, and insurance workloads, plus customer interactions, the company said.

IBM added that Telum has been under development for three years and that its first Telum-based systems will launch in 2022.

Telum’s blueprint enables applications to run efficiently in cloud proximity to where the data they use resides. That eliminates the need to devote significant amounts of resources for memory and data movement to handle inferencing in real time. IBM said the key advantage is that customers will be able to shift from their current focus on fraud detection toward fraud prevention without affecting service-level agreements.

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: IBM, fraud prevention, online security, artificial intelligence, cloud services
Categories: Fraud & Financial Crime
Countries: United States
This article is part of category

Fraud & Financial Crime

Industry Events