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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.

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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.

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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.

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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.”

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The Imperatives Behind the BFS Industry – A Reflection

Coforge

According to Zinnov, BFSI companies are making their digital investments on technologies such as Data Science, Big Data Analytics, Cloud, Security, AI/ML, and Blockchain. While 34 percent of the total Digital Engineering spend is being allocated towards Data Science & Big Data Analytics, cloud comes a close second at 31 percent.

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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.

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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.

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