Fraud detection

PaymentSource's Daniel Wolfe sits down with Carey O'Connor Kolaja, AU10TIX's new CEO to discuss the rise in synthetic fraud, the fastest-growing financial crime, and how payments security has been changed by the pandemic.

The complicated system of data collection, and identification of risk exposure is predicated on having accurate information about the subject (who) and the object (what).

Digitizing flood insurance has the ability to automate claims, add consistency to regulatory compliance and assist with fraud control.

The companies worked together on a fraud-fighting pilot in Latin America that will now be available worldwide.

13 percent of organizations now use AI and machine learning to detect and deter fraud, but another 25 percent plan to adopt such technologies in the next year or two.

The top areas where insurers will spend new money are predictive modeling and link analysis/social network analysis.

Carriers are ahead of other industries in leveraging unmanned aerial vehicle technology for some very good reasons.

In a final look at the startup cohort, improving employee performance, managing chronic pain and detecting insurance fraud take center stage.

These industry newcomers from Plug & Play's summer program are focused on providing solutions that insurers in any line of business can use.

Carriers must be careful stewards of data in order to mitigate the impact on consumer privacy, experts say.