The digital world has significantly transformed over time along with security measures. Fraud is inevitable. Even after tight security measures, cyberlaw, fraud-detection algorithms, and digital scrutiny, there are multiple instances of frauds occurring all over the...
Reduced Fraud
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Increasing Fraud Detection with Data Analytics in the Banking Industry
Every year fraudsters, imposters, hackers, and others amass billions of dollars from the financial industry by means of fraudulent activities. In the past, major banks usually resorted to a reactive approach by getting hold of the fraudster only after the crime has...
Claims Predictive Analysis Delivers Reduction in Frauds and Enhanced Customer Satisfaction for an Insurance Company
Business Challenge: Improving claims management process A US based insurance provider wanted to improve the management of its claims resolution process in order to improve customer experience while reducing management costs and insurance claim frauds....