KEEPING AHEAD OF THE EVER EVOLVING NATURE OF FINANCIAL CRIME
Across the world, insurance fraud and financial crime is increasing at staggering rate. Organisations are targeted by fraudsters and organised crime rings using a host of strategies to alter, falsify and compromise information to access illegitimate funds. The fraudsters are ever evolving their tactics and it regrettably falls to the businesses to detect and prevent future losses as soon as they can.
By deploying fraud checks at the point of quote or application, not only can you reduce the risk of fraud upfront, but also significantly reduce the cost of post application fraud investigations by weeding out risky business at the beginning of the customer boarding process. It can also help to streamline the identification of good customers to make your customer journey more efficient and therefore make your business more competitive.