PayPal acquires Simility specialized in the detection and analysis by using artificial intelligence

باي بال تستحوذ على Simility المتخصصة في كشف التحايل باستخدام الذكاء الاصطناعي

Use the company’s PayPal electronic payment series its acquisition of companies and projects emerging in the field of the defence market to the company Simility competent in the detection analysis and financial risk management using artificial intelligence techniques.

The company said the payment of 120$ million in cash to acquire a Simility, where it is seeking through the acquisition of the service of about 237 million users in Paypal by providing new tools to help them to avoid control and management of their money back on the product smoothly and without risk.

The idea Simility to provide the application user interface (API) portals electronic payment in the platforms and various sites to provide more protected against conversion and Purchases the Phantom, which means the passage of all payments through them to protect the user. Which means that paypal will become a payment service provider and gateway protection for all the companies that were cooperating with the Simility, which would yield more profit directly and indirectly.

The company was one of the investors in the Simility previously, where she owns 3% of the value of the company before the acquisition, according to the press release which announced it.

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