IBM claims its new processor can detect fraud in real time

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www.digitaltrends.com, Aug. 24, 2021 – 

At Hot Chips, an annual conference for the semiconductor industry, IBM showed of its new Telum processor, which is powering the next generation of IBM Z systems. In addition to eight cores and a massive amount of L2 cache, the processor features a dedicated A.I. accelerator that can detect fraud in real time.

Fraud is on the rise. The Federal Trade Commission (FTC) received 4.7 million reports of fraud in 2020, with $3.3 billion in total losses. Telum, according to IBM, addresses this problem by providing real-time detection. IBM used credit card transactions as an example, saying that Telum can detect a fraudulent transaction before it even completes.

IBM says this could lead to "a potentially new era of prevention of fraud at scale." Although credit card fraud is the most direct application, Telum's onboard A.I. accelerator can handle other workloads as well. Using machine learning, it can conduct risk analysis, detect money laundering, and handle loan processing, among other things.

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