Fraud Prevention with Intelligent Software

The digital business world offers countless opportunities to commit fraud. Companies quickly fall victim to ever-changing fraud methods. Intelligent automation software helps prevent fraud and cut financial losses.

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Fraud

Cutting Financial Losses and Reducing Costs

Challenge

With innovative fraud methods being developed constantly, companies are looking for new ways to keep up. Modern fraud prevention solutions need to be able to analyze large amounts of data in real time – across multiple IT systems.

Solution

Intelligent automation software applies human knowledge and artificial intelligence to detect fraud securely at an early stage. This highly adaptable software is able to analyze and process tremendous transaction volumes and recognize even sophisticated fraud patterns.

Impact

By implementing tailor-made IT applications for fraud prevention, companies increase the fraud detection rate and reduce manual efforts to a minimum – usually to case clarification. As a result, companies avoid financial losses and reduce costs for fraud prevention.

Applications

Automated, Business-Controlled Fraud Prevention

Intelligent Fraud Detection

Financial fraud occurs in many different ways causing serious damage in the financial industry. With fraudsters constantly finding innovative ways to commit fraud, financial institutions adopt software-based pattern recognition to keep up. ACTICO Platform helps them meet this challenge: They use intelligent automation to detect fraud in a reliable way – fully controlled by the business and optimized through machine learning.

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Detecting Insurance Fraud

Uncovering insurance fraud can be complex and cumbersome. Claim data, contractual and historic information and other peripheral data is usually distributed across applications. ACTICO Platform allows insurers to implement flexible applications and services for fraud detection across the IT environment. They use graphical rules to define fraud detection logic. Machine learning makes it easy to find new fraud patterns and embed them right away into the application.

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Benefits

Effective Fraud Prevention with Adaptable Software

Less Financial Losses

ACTICO Platform incorporates human knowledge and artificial intelligence to detect fraud. By combining business rules and machine learning, companies increase the fraud detection rate and reduce financial losses.

Reduced Costs

Companies can automate fraud detection to a high degree. If the system detects a fraudulent transaction, a clarification workflow can be triggered to handle the case. All this helps reduce costs for fraud detection.

Continous Improvement

ACTICO Platform empowers fraud specialists to continuously improve the software. They can quickly change fraud detection rules and have machine learning models automatically retrained to uncover new fraud patterns as they occur.

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