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Kunal Bhasin, Deputy CTO Terracotta
Kunal Bhasin is the Deputy CTO at Terracotta. Since joining six years ago, Mr. Bhasin has been instrumental in some of Terracotta's biggest deployments in terms of scale, performance and availability while playing a key role in the evolution of the Terracotta technology and product suite. He currently specializes in building and architecting highly scalable, highly available, fully fault tolerant and robust Java applications delivering peak optimum performance, ease of operations and lower cost.
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Presentation: "Fighting the 21st Century Fraudster"
Time:
Wednesday 15:30 - 16:30
Location:
Robinson/Whitman
Abstract:
Credit card fraud in the modern world is becoming ever more sophisticated and it has become an increasingly difficult challenge for credit card companies to provide accurate yet timely fraud detection for their issuer banks.
With the advent of NoSQL and the plethora of choices for high speed, highly reliable data managment banks can now load and keep Terabytes of data in RAM and get access to this data at memory speeds. This approach has allowed two of the largest players in this space to reduce their Fraud Detection-to-Notification time from 45 minutes to under 5 seconds in one case and 1 second down to 60ms in the other. Both can keep up with their peak processing load easily now. With more data available in memory, banks can not only run more complex fraud-detection rules faster, but can also enable predictive analysis with equally fast responses hence further reducing their Risk exposure and improving not just the performance but also the quality of their Fraud Detection.
In this session, Kunal Bhasin will introduce the audience to the in-memory computing techniques used by these two processing networksfor the detection of Fraud in real time.
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