Pro-active analytical services and data triangulation
To meet the need of Financial Institutions to reduce financial losses suffered due to fraud, Astute Risk Services offers analytics and scoring measures to detect and match potential fraud risk in real-time.
This is done by assessing collective fraudulent or suspicious claims and notifiable impairment data that are shared by licensed Financial Services Providers following POPIA regulations.
The service is further strengthened by direct integration with the Department of Home Affairs for the verification of personal details.
The four-step risk management approach assists underwriters, claims assessors and forensic investigators to detect and prevent potential fraudulent claims from being settled.