Fraud Detection

Darshana Daga In Finance, Financial Services, Fraud Detection, Growth Opportunities, Insurance

Leveraging Digital Technology To Unearth FinTech Fraud

As the volume of online transactions continues to grow exponentially, there is a new quest for enterprises to start new channels of business, gain more online presence, retain existing revenue streams, and stay relevant to current technology. Many organizations are unable to detect patterns related…

Darshana Daga In Finance, Financial Services, Fraud Detection, Insurance, Operation

Top 5 Fraud Cases Of 2019: Looking Back

Fraud isn’t something new, but it is becoming more complex and sophisticated. From bribing exam administrators to CFOs conducting unethical transactions, these five fraud cases were some of the most shocking for 2019.

Darshana Daga In AI, Fraud Detection

Using AI to control employee expense fraud

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…

Darshana Daga In Fraud Detection

Leveraging Digital Technology to Unearth FinTech Fraud

The volume of online transactions is growing exponentially -- driven by the digitalization, sheer increase in the volume of online transactions themselves, larger scale of operations and new Financial Technologies (FinTech for short). Simultaneously with digitalization, there is a new quest for enterprises to start…

Darshana Daga In Data Sciences, Fraud Detection, Machine Learning

Supercharging your Financial Control & Fraud Detection Initiatives; the Role of Data Quality

Effective fraud detection and financial control initiatives leverage advanced analytics and machine learning techniques to derive valuable and actionable information for managers. The reliability of the results produced by these data intensive techniques is DIRECTLY dependent on the quality and quantity of data available for…

Darshana Daga In Fraud Detection, Machine Learning

Huge Payoff is Possible by Identifying Fraud Schemes

The volume and dollar value of fraudulent transactions has mushroomed in recent years due to the phenomenal growth of electronic transactions that span every industry segment, coupled with the relative anonymity that online commerce offers to crooks of all shades. In the era of extreme…

Darshana Daga In AI, Fraud Detection

ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING HELP DETECT, PREDICT AND PREVENT FRAUD

Fraud has been causing rising challenges for businesses. Over 72% of businesses cite fraud as a growing concern, and about 63% of businesses report same or higher levels of fraudulent loses over the past 12 months according to a report by Experian Global. The challenge…

Darshana Daga In Fraud Detection

Porsche Westlake’s Services Director, Sam Abregel, addresses auto warranty fraud

10 categories of warranty fraud to watch out for. Sam says, all the warranty repairs are normally categorized into about 10 different categories. The final price charged varies between dealerships as the prices of the service and parts are marked up by different factors by…

Ananta Mukerji In Fraud Detection, White Papers

Automotive OEM Warranty Expense Trends

by Ananta Mukerji The makers of cars, trucks and other vehicles account for between 40% and 45% of the warranty expenses of all US-based manufacturers. Fraudulent warranty claims therefore represent a significant exposure for Automotive OEMs, and it is important to understand these expenditures in…