XTND is the proud owner of VERITAS. A web-based analytical tool identifies high-risk insurance and medical aid claims based on historical and existing claims experience relating to fraud, waste, and abuse. Any institution needs to change faster than fraudsters by using cutting-edge tools and building fraud prevention into every step of the transaction chain.
VERITAS is a live system that refreshes and updates the fraud models as new data is received from various assurers. VERITAS uses sophisticated machine learning predictive models and fraud detection business intelligence rules to automatically sort claims. This gives each claim a personalized propensity for fraud risk score.