Fraud Mitigation Augmented Analytics Use Case

Predictive Analytics for Fraud Mitigation

The Objective

Fraud costs businesses millions and is an issue to which the enterprise must pay constant attention. Organizations must work to mitigate fraud to improve business results and develop and sustain fraud detection processes to enable operations monitoring.

The Solution

The business can use existing integrated data to identify the most common and unique signs of fraud and to create processes, set thresholds and alerts to track and monitor events.

This Technique Can Be Used in Many Industries, Including

Financial services, healthcare, government and public sector

Benefits

Develop fraud detection and mitigation models

Reduce costs and negative impact on the bottom line

Optimize resources and processes

Improve services

Respond to changes and new developments in fraudulent activities

Identify patterns and trends

Create and leverage fraud behavioral models to monitor activity

We invite you to explore our Advanced Analytics Use Cases here to find out how the Smarten Augmented Analytics product can help you to achieve goals and sustain a competitive advantage.
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