Cogévie, a group health and welfare contract management firm, has teamed up with fraud prevention software developer FRISS to bolster its protections.
The partnership will see the companies work together to create plans that meet the specific needs of customers. Their goal is to expel fraud from their book of business to improve the services for clients.
Through FRISS, it hopes to improve its ability to combat money laundering and terrorist financing.
FRISS, which is based in the Netherlands, has built an AI-powered fraud and risk detection software that helps insures have lower loss ratios and increase operation efficiency.
Cogévie CEO Yannick Michel said, “Partnering with FRISS will give us a great opportunity to standardize fraud control at Cogevie.
“Their reassurance about a safe, digital transformation makes us feel secure in our decision to choose them and I have no doubt that this will be a beneficial step for our future.”
Cogévie helps clients set up and monitor contracts as well as offer daily support to employees covered by the contracts.
FRISS recently closed a $65m Series B funding round, which was led by Accel-KKR. The funds were raised to accelerate its product innovation and expand across the DACH, LatAm
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