Remove combating-fraud-in-insurance-with-data
article thumbnail

Combating Fraud in Insurance with Data

Cloudera

Well, it is International Fraud Awareness Week, focused on promoting fraud prevention and education. Maybe I am naïve but I feel a bit sad that there is a need for “fraud week”. The insurance industry has a long and intimate relationship with fraud in many different ways. Yet, fraud in the U.S.

article thumbnail

Resistant AI scores $16.6M for its anti-fraud fintech tools

TechCrunch

Resistant AI , which uses artificial intelligence to help financial services companies combat fraud and financial crime — selling tools to protect credit risk scoring models, payment systems, customer onboarding and more — has closed $16.6 million in Series A funding.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Quantexa raises $153M to build out AI-based big data tools to track risk and run investigations

TechCrunch

As financial crime has become significantly more sophisticated, so too have the tools that are used to combat it. “We’ve diversified outside of financial services and working with government, healthcare, telcos and insurance,” Vishal Marria, its founder and CEO, said in an interview. “That has been substantial.

Big Data 257
article thumbnail

Travel Fraud Protection: Key Types of Travel Scam, Protective Measures, and Software to Consider

Altexsoft

Besides, due to the specific nature of the industry with high-value one-off payments, a big number of businesses across the world, and rapid customer consumption of services, the travel and hospitality sector is a huge target for fraud. What is travel fraud protection and why is it important? percent of global GDP. trillion dollars.

Travel 52
article thumbnail

Financial Crime Prevention in 2023: What You Need to Know

Exadel

Financial crime poses substantial risks to both customers and businesses, with the latter having to also consider the regulatory consequences of not establishing sufficient fortifications against major crimes, such as fraud. From a consumer perspective, it’s becoming more difficult to identify fraud in digital spaces.

article thumbnail

Despite the venture slowdown, fintech startups are still hiring

TechCrunch

The professional networking site takes into consideration a variety of criteria based on its own data when coming up with the list: employment growth, engagement with the company and its employees, job interest and ability to attract talent from companies. Welcome to The Interchange ! companies “gaining attention and recruiting top talent.”

Fintech 248
article thumbnail

Fintech Roundup: The gloves are off in the spend management space

TechCrunch

Zact says it is focused squarely on the requirements of mid-market companies: bank-grade fraud protection, budget controls, approval workflow and accounting integration with “flexible payment type and funding support.” Running on a legacy processor like Fiserv gives us stability , reliability and fraud protection,” Thomas said.

Fintech 240