Fraud attempts have seen a drastic increase in recent years, making fraud detection more important than ever.
Fraud Detection platform for Insurance
Our platform provides core analytic processing power from artificial intelligence to handle an organization’s transactional fraud detection needs. It can be used to process events, develop strategies to detect fraud and create cases, and execute associated decisioning across an institution’s products, channels and customers. It provides deep insight into fraud trends and activity, available on-premises or in the cloud.

Features
  •  Superior mobile fraud detection
  • Smart, multi-layer device fingerprinting
  • Geo-location detection
  • First time device boot information
  • Claim trends based on various dimensions
  • Transaction and custom scoring
  • Business intelligence reporting
  • Comprehensive order management
  • Advanced artificial intelligence
  • Enables data driven risk assessment based on the red flags
  • Provides a mechanism for detecting control failures and performing process control testing based on the number of incidents identified for a specific risk
  • Aggregate analysis of the frauds and incidents identified provides clues on possible improvements to process controls

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