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Is reducing fraud a challenge? 
BCyber Safe
Watch how FDS identifies and detects fraudulent claims and documents
The power of FDS


Evidence based multi-layered detection 
Fraud detection on file level 
End to end detection with exact findings 
Workflow management to empower claims excellence
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FDS is an evidence-based detection technology to automatically verify if a file or image is genuine. FDS provides evidence for fraudulent claims based on scientific methodologies.
 
THE CHALLENGE OF SOPHISTICATED FRAUD

Claims processing in the modern insurance space often remains a manual, inefficient and error prone operation. It can easily take a trained forensic expert 15 minutes to one hour per submitted claims document and might still be imprecise, leaving room for fraud in anything from 5% to 10% of all claims. On a global scale, this adds up to billions of dollars. Unfortunately, the business model of the insurance industry passes on this huge bill to the consumer. The temptation for policyholders to commit fraud is associated with the low risk for legal repercussions. If a claims handler decides to investigate a claim further, the policyholder often drops the claim, whereas the insurer generally will not take further legal action as the value of the claim compared to collecting evidence and the cost of legal action is too high.
What makes us different makes us better?
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Are you wanting to reduce the amount of fraud in your business?
WHY IS FILE DETECTION TECHNOLOGY NEEDED?

The ability to deal quickly with claims is core for any insurance company to ensure high customer satisfaction scores, and at the same time, reducing claims costs by offering efficient claims handling services. FDS supports efficient processing whether it is traditional in-house manual claims management or automated self-service, also known as “STP” or “Fast-track”. Traditional pattern-based fraud detect system is a common technology used in the insurance industry and gives a good indication of fraud patterns. However, it tends to give a number of false positives that are time consuming and costly to confirm. FDS is an extra layer of detection on top of your existing fraud systems, such as business intelligence and AI solutions.
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