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Fraud detection and prevention is a growing challenge for the banking and financial industry. Though large-scale fraudulent transactions are rare, it's crucial to note that a fraudulent activity even of a small scale can result in million-dollar losses. With the rise...
Will Analytics Help Overcome Fraud in the Telecom Industry? We thrive in the big data era where business data can be converted into real-time acumen, empowering businesses to respond in near real-time to the behavioral changes and threats in the marketplace. However,...
Digital or e-fraud has reached an alarming proportion in recent years, across the world. The growing popularity of e-commerce platforms rise in online transactions, an explosion of new payment channels and tech-savvy fraudsters have led to a rise in instances of data...
The client is a leading player in the insurance sector based out of the UK. They wanted to leverage fraud analytics solutions to monitor fraudulent activities and financial risks in the organization. They approached Quantzig to leverage its expertise in fraud...
The client is a leading health insurance service provider based out of the United States. They were looking at leveraging fraud analytics to identify the potential losses from healthcare frauds and errors in claims processing. The client also wanted to implement a...
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Insurance companies never focused much on investing in analytics before, but with the growing customer expectations and mushrooming challenges, the value of insurance analytics cannot be ignored. Insurance analytics has the potential to build optimized business models...
What is Fraud Analytics? Fraud analytics is an umbrella term that comprises numerous quantitative sciences like business intelligence and data analytics in order to better understand fraud. Furthermore, fraud analytics helps in developing effective fraud detection...
Although fraudulent activities have been common in banking transactions over several years, digitization has caused a manifold increase in the frequency of such malpractices. This is where advanced technology such as fraud analytics comes into the picture. Fraud...
Top Three Telecommunications Industry Trends The telecommunications industry continues to be a critical force for innovation, growth, and disruption across multiple sectors. Today it’s no secret that the telecommunications companies are struggling with change and...
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