Fraud Detection
Stop fraud before it even starts
Fraud Detection
Stop fraud before it even starts
Using AI to detect and escalate suspect transactions
Tackling fraud is a priority for many businesses. Intelligent Automation is proven to help detect more fraudulent claims earlier in the process. You can automate rules-based checks, providing a systematic way of checking every claim against every criterion.
An algorithm-led approach you can count on
Our algorithm-led solutions simplify and expedite potential fraud detection. Allowing your team to:
- Detect more suspect transactions
- Make more effective use of your fraud prevention team by focusing their efforts on the suspect transactions
- Reduce fraud losses across the operation.
Our Fraud Detection solutions typically pay for themselves within a matter of weeks, saving businesses millions of pounds annually. Our algorithm-led solution helped one national medical insurer increase fraud detection by £150m a year!
Spotting unusual patterns
Our Fraud Detection solution can make it easy for your business to compare any transactions received against a ‘normal’ model. If a claim doesn’t fit the pattern, it will be promptly flagged to your fraud prevention team for review. The approach is far faster than reviewing transactions against many thousands of rules – and far more accurate than human detection.
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