Identify and prevent fraud, waste and abuse with Contextual Decision Intelligence
The National Audit Office recently stated that combined defaults and fraud losses from the government guaranteed Bounce Back Loan scheme (designed to aid small businesses) could reach £26 billion.
The level of these potential losses underscores the need for increasing the use of automated anti-fraud technology. With a holistic view of data, many of these improper payments could have been prevented.
Preventing Losses with Anti-Fraud Technology - The good news is that automated technology can and is already leading the fight back in preventing improper payments, improving the internal controls of relief programs, and holding those accountable who have committed fraud.
This paper details how contextual decision intelligence is currently being deployed to help identify and prevent fraud, waste and abuse in government, enabling automated fraud detection of up to 90%.
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