Market leaders across industries are increasingly recognizing the limitations of existing strategies and tools to combat fraud.
Fraud presents a major risk for businesses, and yet thwarting it isn’t easy because fraudsters are forever changing their strategies. But, AI and machine learning are making it easier to detect and recognize true fraud.
Cognizant AI Fraud Insights and Intelligence identifies, analyzes and controls fraudulent transactions and erroneous payments before they are processed. Our solutions pre-empt risks and fraud in real time using cognitive services and human sciences in healthcare, banking, insurance, retail industries and more.
These complex algorithms identify trends in data layer patterns against known fraudulent behavior, or past losses or exposure, and leverage the findings to identify and prevent activities that are demonstrably fraud.