Tag Archive for fraud

Stopping Wire Transfer Fraud with Big Data

wu

by Angela Guess Dean Takahashi of Venture Beat reports, “Big data is coming to the rescue in stopping fraud in wire transfers, according to Western Union’s chief information officer. David Thompson, the chief information officer and executive vice president of global operations and technology, said in a fireside chat at VentureBeat’s DataBeat 2014 conference that the company has to…

IBM Launches New Software and Services to Help Organizations Tackle $3.5 Trillion Lost Annually to Fraud

ib

by Angela Guess A new article out of the company reports, “IBM today introduced new software and services to help organizations use Big Data and Analytics to address the $3.5 trillion lost each year to fraud and financial crimes. Through sophisticated business expertise and analytics, organizations can take a holistic approach to address the financial losses caused by fraud while…

Machine Learning Part Of New Versium Solution To Quickly Find Fraudsters

Machine learning is playing a role in fraud prevention: This week Versium launched its Predictive FraudScore solution to help companies weed out fraudsters from signing up for their services or conducting ecommerce transactions with them. All the organization needs is an email address. The solution is based on Versium’s LifeData predictive analytics platform that also…

Using MDM to Stop Improper Payments

check_writing

by Angela Guess Melissa Delaney of Fed Tech Magazine recently wrote, “First the good news: In the past three years, the federal government has avoided more than $47 billion in improper payments. Now the bad news: It still doled out $108 billion to debarred contractors, dead people, prisoners and others who didn’t qualify for the checks they…

Predicting Tropical Storms with Big Data

15168

by Angela Guess Tom Groenfeldt of Forbes recently discussed how two companies are utilizing advanced data modeling and Big Data to analyze tropical storm data in real time. He writes, “Insurance and reinsurance firms will have new tools for predictive modeling of events like tropical storms in January when Wall Street Network (WSN) launches a cloud-based solution…

IBM Data Software Roots Out Medicaid Fraud

Healthcare Costs

by Angela Guess The North Carolina Department of Health and Human Services reports that IBM software “designed to root out potentially fraudulent Medicaid claims has uncovered 206 outpatient behavioral health providers across the state with unusual Medicaid billing worth up to $191 million. North Carolina is the first state in the nation to track possible…

The Semantic Link – Episode 9, August 2011

On Friday, August 12, a group of Semantic thought leaders from around the globe met with their host and colleague, Paul Miller, for the ninth installment of the Semantic Link, a monthly podcast covering the world of Semantic Technologies. In this episode, they were joined by special guest Steve Harris, CTO of Garlik, a UK-based…