Fraud Detection & Prevention

Use all available data to identify non-obvious fraud patterns, and monitor operations to spot fraudsters when they’d otherwise remain hidden.

Identify fraudulent activity quickly and end it

Fraud eats at many organizations – financial services companies, healthcare providers, government agencies, and more. It not only negatively impacts profitability and other business results, but also the ability to serve customers and achieve mission and purpose. The faster and more accurately you can spot fraud, the more likely you are to put a stop to it in time. Data science can revolutionize the fraud detection process. Use all available data to identify non-obvious fraud patterns, and monitor operations to spot fraudsters when they’d otherwise remain hidden.

Identify patterns of fraud

Move beyond simple fraud identification methods by identifying complex patterns to watch for. Update models frequently as perpetrators shift behavior to avoid detection.

Monitor activity for signs of fraud

Apply patterns and models to large volumes of streaming data, constantly watching for signs of suspicious behavior. Leave no place for perpetrators to hide.

Stop fraud quickly

Detect fraud quickly and early enough to take action before it has a widespread damaging impact.

Reduce costs, improve service

Preventing or minimizing fraud reduces losses and associated costs and protects margin and profit. It also frees organizations to focus on legitimate customers and provide better service.

RapidMiner AI Assessment Matrix

Find out how ML can transform your business

We apply our expertise to help you identify the use cases you should tackle in your organization. The outcome is an impact-feasibility map that you can use with or without us.

Get started with your Fraud Detection project today!