Fraud Risk Monitoring (FRM)
Improve your fraud and abuse capture and prevent it proactively.
Consistent, comprehensive and near real time identification of risk factors
Applies aggregate experiences to consistently and rapidly discern factors potentially beyond human cognition
Thorough checks on known and machine discovered factors
Embodies expertise and experience of entire team ensuring no human errors
Identifies risks rapidly enabling swifter interventions and risk mitigation
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Identifies Fraud triggers at individual and aggregate levels
Checks for anomalies at transaction levels and portfolio levels to flag instances as well as unusual trends
Filter out fraudulent leads at distribution level to prevent adverse selection
At underwriting level, checks and flags on blacklisted entities, combinations, geo locations, vehicle types etc
For claims, scrutinizes claims categories, amounts, providers, garages
Portfolio level scans to estimate, plug and provision for leakages
FRM scans risk triggers, monitors information, and provides timely actionable alerts enabling risk management and mitigation.
Assess individual decisions at claims, underwriting, and other business processes
Monitor portfolio and aggregate scenarios and identify emerging risks
Timely alerts allow for intervention and mitigation
Automate monitoring of most processes and triggers allowing effective human expert functioning
Fraud Risk Monitoring
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