85% reduction in false positives using real-time fraud detection
Created a system for identifying traits of both suspect and legitimate claims to provide fraud detection
Business Challenges
The existing system was unable to handle large number of queries and was inefficient in fraud detection and processing valid claims.
Sigmoid’s Solution
Analysed and mapped their complete data. Scaled and integrated the data and insights into a custom-tailored fraud database.
Business Impact
With our real-time fraud detection system, the client was able to achieve 30% increase in effective fraud detection and 85% reduction in false positives.
