Hanns-Michael Hepp, co-founder of IRIS Analytics GmbH, is moving from his position as Managing Director to Chairman of the Advisory Board of the Neu-Isenburg, Germany based company that specialises in the prevention and control of electronic payment fraud.

Mr Hepp, for many years a prominent figure in the German banking industry, established IRIS Analytics GmbH in 2007. Mr Hepp and a hand picked team of payment fraud experts challenged the then state-of-the-art approach to fraud prevention based on neural network technology, and developed IRIS, a solution which leverages the very latest thinking in in-memory data analysis and management.