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
Require a near real-time system to flag fraud with less number of false positives.
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.
