Slovenian developer of software solutions, which automatically predicts, detects, prevents and enables an investigation of all kind of fraud seeks partners under license agreements

A Slovenian company has a long tradition in the field of fraud-, risk- and operational performance software solutions. They provide investigative, and real-time process support capabilities build upon big data principles and unified data view of the customer’s information. The company is a leading European provider of fraud-, risk- and operational performance solutions to a number of markets including insurance, banking, utilities, telecommunications and government. Their product is a highly scalable platform that finds and detects anomalies and exceptions which can be part of a fraud or operational risk scenario across large amounts of data within an organisation and from external sources including social media. Using that knowledge in real-time allows to feed investigators, to identify perpetrators and to make processes and transaction systems improve their automated decisions. The solution is a “data mining” type, and allows users to have a more open approach to non-predetermined fraud detection criteria and the use of business sector rules, based on a mixture of specific warning criteria known by the fraud sector, service provider and insurance company’s specialists. As an artificial intelligent solution the product uses a “learning algorithm” and “predictive models” based on a reproduction of confirmed fraud cases detected in the past. It enables users a complete overview of the desired information and their in-depth analysis, automates the process of retaining records from various sources for the full time of their retention periods following regulators and General Data Protection Regulation (GDPR). With key fraud indicators and key risk indicators set in place, the product performs rapid calculation of a risk score for each of the losses and/or network triggering the warnings to responsible departments and employees. The products’ open architecture and flexibility offers users a possibility to evolve over time by adding and creating new perimeters, entity and key indicator links independently. All information is processed in real time. That allows users an action overview with in-depth analysis of structured and unstructured data, such as printed media, social media, web. Furthermore, investigator module technology combines advanced technological building blocks that automatically performs a detailed analysis and is able to identify trends and their implications for businesses and products. They are currently upgrading their product with new features for incorporating all advanced deep analyses and investigations with artificial intelligence with whistle-blower line support and making it accessible through cloud as a service with easy self-data management processes with “pay as you go” models. The company wants to boost its sales and is therefore interested in cooperation with experienced IT-resellers and integrators under a license agreement.