SAP AG introduced its SAP Fraud Management analytic application, which is designed to enable enterprises across industries, including insurance, to detect, investigate, analyze and prevent irregularities or fraud in big data environments.
Powered by the SAP HANA platform, the application is planned to provide real-time detection that offers robust integration capabilities into business systems, along with alert notification and management features. It also aims to help minimize false positives through real-time calibration and simulation capabilities on large volumes of data. And with the combination of rules and predictive methods, SAP Fraud Management is intended to help users optimize fraud scenario analysis and adapt measures to changing fraud patterns to better prevent fraud.
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