machine learning in fraud detection Archives

Leveraging AI to Zero In On Fraudulent Insurance Claims Insurance companies can significantly improve productivity by leveraging machine learning in fraud detection. Machine learning will also save costs involved in hiring and training staff for investigating insurance claims.

March 19, 2022 by Naveen Joshi

Insurance fraud has always been a major issue for insurance companies. Detecting insurance frauds can be a complex process in which many fraudulent claims go unnoticed, severely affecting the industry….

Artificial Intelligence Technology

Leveraging Machine Learning To Avoid Employee Expense Fraud The use of machine learning in fraud detection enables businesses to track down incorrect reimbursement claims of their employees effectively.

Expense fraud involves employees showing fake documents to wrongly claim reimbursements for their supposed expenses. Such actions are considered fraudulent when the expenses are either fake or lesser than the…