PREVENT & DETECT FRAUD
Problem?
Traditional Process
Rules based approach
Can give False Positive
+ Unnecessary investigation
+ Unnecessary expenses incurred
+ Delayed payment of valid claims
+ Damaged relationships
Solution
XTND’S VERITAS PROCESS
| Detects & identifies high risk possibilities of: |
 |
Historic & Current data relating to: |
|---|---|---|
|
|
| Continuous enhancement & optimisation of all fraud prevention & detection processes |
How?
> Machine learning predictive models
> Fraud detection business intelligence rules
Personalised risk scores per transaction/claim.
Insurance, Banking & Medical Aid Providers
REQUIRE:
 |
 |
 |
|---|---|---|
| Enhanced decision making tools | 360 – degree risk profile | Timely interactions |
To deliver on their sales promise.
BUT Reality is:
+ Disparate risk process
+ Technology legacy
+ Traditional mitigating platform
+ Legacy Risk Strategies
Features
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Web based analytical tool |
 |
Live system |
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Highly adaptive |
 |
Continuously updated & refreshed |
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Developed with insight & experience by expert specialists |
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Integrates into transactional touch points |
Benefits
- Better results
- Less time
- Minimum effort
- Reduced cost
- Policy Protection Rules adherence
- Supports prescribed legislation
- Developed by expert specialists
- Supports commercial strategies
- Provides a competitive advantage
- Enhances decision making
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