Resistant AI will deploy its AI-powered anti-fraud technology into InsurTech specialists Claim Technology to help it protect against fraudulent insurance claims.
Through this partnership, claims handlers will have the tools to spot forged documents to a level of forensic analysis that is impossible to detect with the human eye.
Each submitted document is analysed over 550 different ways to catch signs of forgery, even on documents never seen before. After this, it gives a clear, explainable verdict.
Resistant AI added that any behavioural data, such as device intelligence, service usage patterns and more, is used to detect bulk account creations, stolen identities, bots and account takeovers. All documents are compared to detect forgery patterns, uncover common templates behind industrially produced forgeries and highlight identity or claim reuse across different insurers.
Claim Technology CEO Michael Lewis stated that many of its clients are seeking verification tools for digital customer self-serve processes to better protect against fraud. This partnership with enable it to offer this and protect them from fraudulent insurance claims.
Speaking about the partnership, Resistant AI CEO and founder Martin Rehak said, “Insurance has moved to fully digital customer onboarding and claims processing. This transition exposes insurers to new categories of fraud threats.
“The ready supply of fake digital identities that can be used for customer onboarding coupled with easy access to technology offers attackers a novel way to produce fraudulent claims documents at scale. Resistant AI focuses on scrutinising every document to a level of forensic analysis that will eliminate new attacks before they can scale.”
Resistant AI has had a busy period. It recently teamed up with cryptocurrency trading platform X1. Through this deal, it provides the crypto company with its Document Forensics solution to increase the efficiency and accuracy of its Source of Funds (SOF) and Proof of Address (POA) checks.
The company also recently partnered with financial crime risk data and detection technology platform ComplyAdvantage. The partnership opens the general availability of their solution for fighting financial crime across the US and Europe.
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