Widespread, insidious, and costly
Each year the economy loses billions of dollars to fraud. In the aggregate, fraud costs businesses about two percent of their annual revenue, and in some industries much more. The ability to quickly expose attempted fraud can often mean the difference between profit and loss.
Uncover fraud rings with AI
Fraud may begin with a single individual, but usually doesn’t end there. With the right anti-fraud platform in place, analysts can quickly pinpoint improper relationships or illicit activities to expose wrongdoers. Leveraging AI-driven capabilities to process vast amounts of unstructured data can provide actionable insights – insights can yield the information needed to uncover a fraud ring or reveal an unknown suspect that leads to a breakthrough in a stalled investigation.