Benefits
Increased fraud detection rate
A combination of expert knowledge and advanced data analysis allows the user to increment considerably the number of detected fraud cases. The use of AI and data mining algorithms makes it possible to identify unusual events, and improve the effectiveness of red flag rules.
Reduction in costs thanks to automation
Automatic data download and risk identification mechanisms reduce the number of manual processes. The system reduces admin to a minimum and accelerates case handling.
A smaller number of false alerts
Based on the history of identified fraud cases, the system "learns" to identify any false positives and fine-tune the search rules.
Optimization of the number of alerts
The use of AI and risk assessments from the case management module allows the user to optimize the system thereby reducing the number of manual risk assessments meaning fewer people engaged in the verification process.