How?
Our VERITAS platform uses cohesive toolsets which includes machine learning (a collection of artificial intelligence (AI) algorithms trained with our historical data) to determine risk rule models and behavioural analytics enriched by automated multiple real-time data source inputs to predict and detect fraud while reducing false positives in order to preserve the customer experience.
Want to understand more?
IDENTIFY
Low risk claims to be paid almost immediately
Possible fraudulent claims
REDUCE
Client friction
False positive investigations
Admin burden
DETECT
Fraudulent trends
Syndicated activities
Opportunistic fraud
COLLECTIVELY
SAVED OUR CLIENTS
R35 125 082.00
BENEFIT BY IDENTIFYING FRAUDULENT BEHAVIOUR
The VERITAS fraud model uses one algorithm with hundreds of patterns, identifying low risk claims in seconds, whilst flagging possible fraudulent claims. The fraud model is constantly updated with real-time investigation and fraud scheme data.
- Access supportive anti-fraud control measures
- Prevent and detect fraud through sophisticated artificial intelligence solutions and machine learning fraud models
- Rapid business decisions making with better outcomes
- Instant cost-effective innovation without making use of internal resources responsible for day to day operations
- Partnership for life
OPERATIONAL BENEFITS
- Less false positive results
- Less client friction and reputational damage
- Holistic mitigation of fraud risk
- Almost immediate payment of low risk claims
- Competitive advantage due to increased sales
- Product re-engineering
- Enhanced decision making tool
- 360 degree on daily risk profile
How?
Our VERITAS platform uses cohesive toolsets which includes machine learning (a collection of artificial intelligence (AI) algorithms trained with our historical data) to determine risk rule models and behavioural analytics enriched by automated multiple real-time data source inputs to predict and detect fraud while reducing false positives in order to preserve the customer experience.
Want to understand more?
IDENTIFY
- Low risk claims to be paid almost immediately
- Possible fraudulent claims
REDUCE
- Client friction
- False positive investigations
- Admin burden
DETECT
- Fraudulent trends
- Syndicated activities
- Opportunistic fraud
COLLECTIVELY SAVED
OUR CLIENTS
R35 125 082.00
BENEFIT BY IDENTIFYING
FRAUDULENT BEHAVIOUR
The VERITAS fraud model uses one algorithm with hundreds of patterns, identifying low risk claims in seconds, whilst flagging possible fraudulent claims. The fraud model is constantly updated with real-time investigation and fraud scheme data.
- Access supportive anti-fraud control measures
- Prevent and detect fraud through sophisticated artificial intelligence solutions and machine learning fraud models
- Rapid business decisions making with better outcomes
- Instant cost-effective innovation without making use of internal resources responsible for day to day operations
- Partnership for life
OPERATIONAL BENEFITS
- Less false positive results
- Less client friction and reputational damage
- Holistic mitigation of fraud risk
- Almost immediate payment of low risk claims
- Competitive advantage due to increased sales
- Product re-engineering
- Enhanced decision making tool
- 360 degree on daily risk profile
