In this era of swift advancements, the property and casualty insurance industry stand on the cusp of a significant transformation. The relentless pace of technology, especially Artificial Intelligence (AI), promises a future where efficiency and customer satisfaction are not just goals but realities. As a…
Read More Reflecting on the biggest telehealth fraud in DOJ history (2020) & how to confidently sidestep it in 2021 and beyond.
Read More Explainable AI (XAI) allows insurance companies to understand, explain, and trust AI-based decisions. XAI ensures fairness for insurers customers and regulators.
Read More After the financial meltdown of the last decade, many lenders have found themselves in a tough situation where they cannot use the conventional underwriting guidelines to identify enough “good borrowers” to whom they can lend money. AI & ML are changing the way credit has…
Read More Fraud has been causing rising challenges for businesses. Over 72% of businesses cite fraud as a growing concern, and about 63% of businesses report the same or higher levels of fraudulent losses over the past 12 months according to a report by Experian Global. The…
Read More Healthcare claims are an inviting and alluring target for fraudsters due to their huge monetary value. In 2017 alone, HHS and DoJ recovered around 2.5 Billion Dollars in claims fraud. And that is just one year. The challenges facing healthcare payers are manifold as they…
Read More Reimbursable employee expenses are a significant cost for most businesses, and unfortunately, they are often a source of fraud by unscrupulous employees. To combat this, businesses typically rely on auditing employee expense reports manually. As this is a tedious and very labor-intensive process, usually only…
Read More With the rapid growth of the internet and the IoT and the resultant digital transformation of the world we live in, there is an explosion of data that is being generated, collected, and stored. There is data available for “normal” transactions, as well as for…
Read More Learn how the “Explainable AI” solution is increasing customer trust, eliminating biased AI, and quickly transforming the banking industry for the better.
Read More As technology advances and AI become more common within enterprises, the number of Finance teams that utilize the powerful insights that AI and machine learning can provide is increasing quickly. While AI is undoubtedly benefiting financial operations, there is still a risk in blindly trusting…
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