Easily create and tune your own rules and scores. Leverage ML, AI, and other advanced technologies to empower claims teams and Special Investigation Units (SIU) to stop more fraudsters faster.
Find far more frauds, with false positive rates as low as 10%
DataWalk includes a library of rules to support fraud detection, and these rules can be easily run and customized for your data in hours. More importantly, with DataWalk you can easily check your own hypotheses and with just a few clicks, create your own rules to provide an optimal solution that leverages your own experience, and meets your unique needs and requirements as things change over time. DataWalk provides a simple interface for quickly generating highly sophisticated claim scores which can be based on a combination of expert rules, clustering (social network analysis), neural networks and other technologies to provide more effective scoring of claims or cases. All scores and rules are transparent, which is much different than many other solutions where results are generated via a “black box” where any changes require expensive vendor’s services.
Being able to continuously and easily generate and tune these sophisticated scores and rules can enable you to reduce your rate of false positives to 10% or less over time.
Ten Reasons: Why DataWalk Is The Right Software For Fighting Insurance FraudGet The Paper>>>
Automate and operationalize results
The DataWalk platform is designed to be a part of your Enterprise workflow. DataWalk has open APIs to import/export data from/to other systems, and to enable other systems to initiate DataWalk analyses or extract data or results from DataWalk. Suspicious claims can automatically be forwarded to SIU, without the need for manual intervention. DataWalk also includes basic case management functionality, or can interface with your existing case management system.
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Accelerate – or even eliminate triage
DataWalk combines fraud detection, triage and investigation capabilities in a single platform. With DataWalk you can accelerate claim triage by instantly seeing which components of a score had the greatest influence on a high-risk score, and then immediately – and/or automatically – assign that claim for further analysis or investigation. Some customers have found that having accuracy of 90% or more enables them to eliminate the triage function.
Detection With Efficiency Up To 90% +
Continuously generate and tune rules and scores
First Results In Hours/Days
Quick ROI
Dramatically accelerate investigations
In addition to providing fraud detection capabilities, DataWalk also includes an integrated facility for investigations.
DataWalk dramatically accelerates investigations by giving you one single interface for an aggregated view and analysis of all your data. This includes a link chart facility which eliminates the overhead typically associated with preparing data for link analysis, further accelerating results. All scored and confirmed claims can be instantly visualized on link charts, including time-series analysis, money flow analysis and maps, which enable you to easily identify hidden relationships. DataWalk can also scan your data and identify clusters to automatically find and visualize organized crime groups and other cluster patterns of interest. You can easily create reports, and share data, analyses, and investigation files with authorized colleagues.
With more efficient triage and investigations comes the ability to review significantly more claims without increasing your staffing.
Vastly simplify data preparation
Unlike other fraud analytics software tools that require a massive data cleaning effort before you can even start to do analysis, DataWalk accepts your data as it is, and enables you to transform or massage the data as needed on your own, without requiring work from IT or data owners. Incorporating AI techniques such as neural networks helps you automatically normalize your data. DataWalk also provides you with an entity resolution capability, so that you can quickly identify whether multiple similar records may actually be associated with the same person or business.
Read how DataWalk DataWalk includes facilities for maximizing the value of Machine Learning (ML) and Artificial Intelligence (AI)>>>Rapid deployment and fast ROI…with minimal IT support required
While other fraud analytics software systems can require months of deployment and data integration work, DataWalk can be installed in an hour (either on-premise or in the cloud), and can start delivering initial results in a few days or even a few hours. DataWalk is very agile, even in a production environment, such that if you need to connect additional data sources, or create or change rules or scores, this can easily be done…and with little or no IT support. Customers often achieve tremendous ROI on their investment, with payback as fast as 30 days.Check your ROI >>>
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In a very short time, the DataWalk platform helped increase the effectiveness of fraud prevention by almost 60%.
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