Identify fraudulent activity quickly and end it
Fraud eats at many organizations – financial services companies, healthcare providers, government agencies, and more. It not only negatively impacts profitability and other business results, but also the ability to serve customers and achieve mission and purpose. The faster and more accurately you can spot fraud, the more likely you are to put a stop to it in time. Data science can revolutionize the fraud detection process. Use all available data to identify non-obvious fraud patterns, and monitor operations to spot fraudsters when they’d otherwise remain hidden.
Identify patterns of fraud
Move beyond simple fraud identification methods by identifying complex patterns to watch for. Update models frequently as perpetrators shift behavior to avoid detection.
Monitor activity for signs of fraud
Apply patterns and models to large volumes of streaming data, constantly watching for signs of suspicious behavior. Leave no place for perpetrators to hide.
Stop fraud quickly
Detect fraud quickly and early enough to take action before it has a widespread damaging impact.
Reduce costs, improve service
Preventing or minimizing fraud reduces losses and associated costs and protects margin and profit. It also frees organizations to focus on legitimate customers and provide better service.