Identify and Prevent Fraud Waste and Abuse
Reveal connections that matter most in your efforts to determine eligibility, prevent improper payments and stop fraud.
Fraud, waste & abuse prevention challenges are constantly evolving
Many factors make combatting fraud tougher than ever today, including the global COVID-19 pandemic with its pressures on governments to distribute funds, grants, and loans at unprecedented scale and speed, while operating with limited resources.
Other factors include the increasing use of digital systems for applications and the distribution of funds, plus the increasing sophistication of criminal groups that can exploit any weaknesses in anti-fraud controls at scale and with remarkable speed, and who can be based anywhere in the world.
Identify and prevent fraud, waste & abuse with contextual intelligence software
Empower your team with the best tools available for today’s challenges. The Quantexa platform enables you to:
- Make accurate eligibility determinations
- Prioritize and focus on high-risk applications, people, and organizations
- Stop improper payments before they happen (instead of chasing the money)
- Identify risks and fraud channels and improve internal controls to prevent losses
- Automatically discount non-fraudulent events and minimize false positives
- Reduce the time required for review and investigation
hit rate to reduce false positives.
scale to over 66bn records and thousands of users.
Solution Brief
Identify and prevent fraud, waste & abuse in government programs
See how using contextual decision intelligence enables government agencies to reveal the connections between people and organizations that matter most in your efforts to determine eligibility, prevent improper payments and stop fraud.
Learn how to get a single, complete view of every individual and/or business.
The benefits of using CDI to detect and prevent fraud, waste & abuse
Reduce fraud losses
Improve detection rates to flag illicit activity before the money is lost.
Identify new risks
Track emerging trends and stay ahead of emergent typologies.
Reduce false positives
Discount explainable signals to allow investigators to focus on high-risk issues.
Enrich investigations with context
Gather everything you know about an individual or business, from shared identities to bank accounts and transactions.
Reveal hidden and subtle activities
Draw on a wider network instead of looking at isolated events to better understand risk.
Dedicate more time to real fraud
Identify and concentrate on high-risk issues rather than false positives.
Why use the Quantexa platform
Build once, use many,
ingest to create a single
view with networks
Apply your data to multiple use cases—without replicating data sets.
Make faster,
more accurate decisions
Use context to improve decision accuracy across the organization, find new opportunities and uncover risk.
Scale to billions of records
in batch or real time
Built on proven, scalable open source technologies like Hadoop, Spark and Elastic.
Future-proofed open architecture
Integrate seamlessly into your existing IT ecosystem, with flexible deployment options: native, or containerized for private and public cloud.
Ensure data transparency
Use explainable data linking, advanced AI and decision models for regulatory compliance.
Keep your data secure
Rely on granular security levels for dynamic control, with all activity audited.
Speedy time-to-value
Operationalize your data in a matter of months – not years.
Overcome data
quality issues
Use entity resolution and data volume to overcome missing or poor quality data.
Get the latest thinking, advice and opinions
KPMG in the UK & Quantexa Collaborate to Deliver Contextual Decision Intelligence Solutions
KPMG will deploy Quantexa’s CDI software to enable clients to unlock the power of their data and combat an international financial crimewave.
Quantexa Wins ‘Leadership’ Category at Sibos Discover Perfect Pitch
Quantexa is the winner in the Leadership category at Sibos Discover Perfect Pitch 2021. Watch the full entry pitch here.
Why Complex Fraud Cases Require an Intelligence-Led Approach
Time-sensitive investigations happen frequently, and the consequences can be extreme. Discover a new approach to tackling complex fraud investigations.
Quantexa Makes CB Insights 250 List of Top Fintech Startups
CB Insights has named Quantexa to the fourth annual Fintech 250, honoring the firm for achievements in Regulation and Compliance. Read more.
Pandora Papers: Exposing the Complex World of Offshore Finances with Context
Billed as “an offshore data tsunami”, the Pandora Papers has exposed the growing need for contextual decision intelligence.
BNY Mellon Invests in Quantexa Technology
BNY Mellon has completed a strategic investment in Quantexa to close its series D led by Warburg Pincus. Find out more.
Book a demo
See how our Contextual Decision Intelligence platform prevents fraud before it happens, creates a real-time view of your customers, and reduces false positives.