New advanced application from Accenture to detect fraud

Submitted by alvin on Fri, 2016-06-17 14:06 Bengaluru: Accenture (NYSE: ACN) is launching seven new advanced analytics applications to help organisations detect and remediate fraud, and ultimately reduce losses to improve their prospects. Designed specifically for banks, telecommunications companies, government agencies and manufacturers, the applications provide users with tailored analytics insights via visualizations that can enable more confident, data-driven decisions on strategies to address fraudulent activity.“As fraudulent behavior can come in many different forms and morph quickly to stay under the radar, organizations across industries are seeking solutions that can help them to quickly identify and reduce this activity to decrease losses,” said Kieran Towey, managing director, Accenture Analytics. “Recognizing the need for speed, Accenture’s new analytics applications can be ready for use in as little as a few weeks, informing more effective actions that can eliminate risky activities straightaway. The faster we can help our clients to find fraudulent and abusive activity, the faster the steps can be taken to end it.”The new applications were developed in the Accenture Analytics Innovation Center in Dublin, Ireland, Accenture’s global center of excellence for predictive analytics that targets fraud, abuse and non-compliance. The new advanced analytics applications are:The new applications join the following fraud management apps that are currently available: Claims Fraud for insurance companies; Fraud Detection for retailers; and Energy Fraud Detection, and Credit Collection for resources industries that include energy and utilities companies.