Search Results for: fraudulent claims

Artificial Intelligence Guest Posts InsurTech Security

How AI Is Enabling Advanced Fraud Detection for Insurance Claims

Mubbin Rabbani
In the ever-evolving landscape of insurance, detecting fraudulent claims is a critical yet challenging task. Traditional methods have often fallen short, leaving insurers vulnerable to sophisticated fraud schemes. However, advanced artificial intelligence (AI) and machine learning (ML) techniques are revolutionizing this space, notably through the use of cohort analysis, to......
CLARA Analytics Launches Groundbreaking AI-Based Fraud Detection for Workers’ Compensation Claims Management
Artificial Intelligence Finance Fintech News

CLARA Analytics Launches Groundbreaking AI-Based Fraud Detection for Workers’ Compensation Claims Management

Business Wire
Insurers Will See Significantly Reduced Operational Expenses and Improved Outcomes CLARA Analytics (“CLARA”), a leading provider of artificial intelligence (AI) technology for insurance claims optimization, today announced the launch of a groundbreaking new fraud detection product that leverages the company’s AI platform and large workers’ compensation datasets to increase visibility......
Kessler Topaz Meltzer & Check, LLP is Investigating Securities Fraud Claims on Behalf of Discover Financial Services (NYSE: DFS) Investors
Finance News

Kessler Topaz Meltzer & Check, LLP is Investigating Securities Fraud Claims on Behalf of Discover Financial Services Investors

Fintech News Desk
The law firm of Kessler Topaz Meltzer & Check, LLP is currently investigating potential violations of the federal securities laws on behalf of investors of Discover Financial Services (NYSE: DFS) (“Discover Financial”). Latest Fintech News: Ushur Launches Insurance Automation Portfolio in AWS Marketplace On July 20, 2022, Discover Financial issued a press release announcing......
Shift Insurance Suite Now Applies Artificial Intelligence Across Policy Lifecycle Processes
Artificial Intelligence Business Fintech News

The Aréas Group Optimizes its Fight Against Auto Insurance Fraud with Shift Claims Fraud Detection

Fintech News Desk
Shift Technology, a provider of AI-native fraud detection and claims automation solutions for the global insurance industry, today announced that Aréas Assurances has deployed Shift Claims Fraud Detection to support its efforts to thwart auto insurance fraud. Aréas Assurances is an independent group comprised of the mutual insurance companies Aréas Dommages......
Experian’s Precise ID® Solution Is Helping Prevent and Detect Improper and Fraudulent Unemployment Insurance Payments
Fintech InsurTech News

Experian’s Precise ID® Solution Is Helping Prevent and Detect Improper and Fraudulent Unemployment Insurance Payments

Fintech News Desk
Experian announces exclusive partnership to help states mitigate fraud amid COVID-19 pandemic In the wake of unprecedented unemployment fraud since the start of COVID-19, Experian®, the world’s leading global information services company, today announced it was selected as the exclusive partner for identity and fraud verification for the Unemployment Insurance (UI)......
Business Fintech News

Mitchell Announces New Provider Data Explorer to Help Combat Claims Fraud, Waste and Abuse

Fintech News Desk
Visualizing provider behavior to identify irregular activities can help reduce billions per year lost to insurance fraud, waste and abuse Mitchell, a leading supplier of technology, connectivity and information solutions to the Property & Casualty (P&C) claims and Collision Repair industries, today announced the new Mitchell Provider Data Explorer solution,  which provides a holistic......
SPiCE Becomes First Digital Security to List on Fusang Exchange
Artificial Intelligence InsurTech News

Shift Technology Selected by iA Auto and Home Insurance to Identify Suspicious P&C Claims

Fintech News Desk
Effective Fraud Detection Seen as Critical Element to Exceeding Customer Satisfaction Goals Shift Technology, a provider of AI-native fraud detection and claims automation solutions for the global insurance industry, today announced that -iA Auto and Home Insurance (iAAH), one of the largest insurance groups in Quebec, has selected the company to......
Casap Secures $8.5 Million in Funding to Revolutionize the Multi-Billion Dollar Payment Disputes Process and Fight First-Party Fraud
Finance Fintech News

Casap Secures $8.5 Million in Funding to Revolutionize the Multi-Billion Dollar Payment Disputes Process and Fight First-Party Fraud

PR Newswire
The AI-powered platform builds consumer loyalty while saving financial institutions millions in losses and resources. Casap, a disputes automation and fraud prevention platform, has raised $8.5 million to scale the first AI-powered solution for banks, credit unions and fintechs to intelligently tackle first-party fraud and automate disputes and chargebacks. The......
Featured Finance Fintech Risk Management Security

The Impact of Real-Time Data Integration on Financial and Insurance Industry Analytics

Fintech Staff Writer
Data has become a crucial asset for driving decision-making, risk management, and customer experience. One of the most transformative advancements in recent years is the adoption of real-time data integration. This technology enables businesses to consolidate and analyze data from multiple sources instantaneously, allowing for more responsive and accurate insights.......
Artificial Intelligence Featured Finance Fintech Risk Management

Pre-Built AI Solutions: A Game Changer for Healthcare Payers?

Prajakta Ayade
Healthcare is experiencing a major shift, fueled by the rapid advancements in artificial intelligence (AI). Among the various stakeholders, healthcare payers—such as insurance companies and government programs—stand to benefit immensely from the integration of pre-built AI solutions. These solutions offer a range of capabilities that can streamline operations, enhance decision-making,......
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