Risk & Fraud Analytics

Our data scientists have deep expertise in the design and implementation of fraud detection models that leverage the most innovative Big Data techniques such as predictive modelling and machine learning. The basis of our approach is to analyse your current fraud detection practices/techniques and to identify the bottleneck that need to be addressed to reduce both fraud and error. Our mission is to minimize your fraud rate and increase your profits by lowing the frauds for your organization- transaction fraud for a credit card company, default risk for a mortgage firm, premia for insurers etc.
Risk & Fraud Analytics, Insurance Fraud Detection, Bank Fraud Detection, Credit Risk Management, Market Risk Management

Impact

99%

reduction in TAT to process documents with unstructured data

81%

accuracy in identifying addresses at the locality level for last-mile delivery

83%

recall of delinquent clients in top 2 deciles, thereby reducing risk

What we do

Insurance Fraud Detection

Fraudulent claims are a serious financial burden on insurers and result in higher overall insurance costs. Here are a few examples of the way data analysis can be applied to fight fraud in the insurance industry:

  • Medical Billing Fraud
  • Claims Fraud
  • Life Insurance Fraud
Bank Fraud Detection

Fraud detection in banking is a critical activity that can span a series of fraud schemes and fraudulent activity from bank employees and customers alike. Our experts use analytics to encounter the following problems:

  • Cash Transaction Monitoring
  • Billing
  • Check Tampering
Credit Risk Management

Credit Risk Management Consulting covers the entire spectrum, including risk identification through diagnostic review analysis, risk assessment through corporate and retail scoring model development, risk measurement through estimation of Probability of Default (PD), Loss Given Default (LGD), Exposure at Default (EAD) and Credit VaR models, as well as overall risk management, including collateral management, risk-based pricing, and reporting frameworks.

  • Governance, Risk and Compliance
  • Model Development and Validation
  • Credit VaR Estimation Framework
  • Risk Monitoring and Reporting
  • Risk-Based Decision Making
Market Risk Management

Our experts assist you in identifying and managing the complex risks associated with the development, deployment, and maintenance of intricate models used for risk management, valuation, and financial/regulatory reporting purposes. Market Risk Services span across the following areas:

  • Governance, Risk and Compliance
  • Model Development and Validation
  • Asset Liability Management
  • Risk Monitoring and Reporting
  • Risk-Based Decision Making

Case Studies

Identified non-compliant merchants where corporate credit cards are being used for a leading financial services company

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