Insurance
IDfy keeps Insurers safe from claims and identity fraud, helps improve customer quality and facilitates a realtime customer onboarding experience.
Data-driven decisions
FraudSense
FraudSense helps Insurers reduce cost, improve the quality of their customer pipeline, and make it easier to reduce claims.
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FraudSense is designed to catch fraud that went undetected in conventional techniques by evaluating the customer across a host of new and emerging fraud parameters.
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FraudSense maps spots and analyzes symptoms of fraud and uses them to generate a composite fraud score that facilitates informed risk decisions.
Proactive fraud protection
Impersonation Fraud Detection
Our FaceMatch APIs compare a customer's pictures across 16 parameters and our Liveness APIs check if a picture is original and not a ‘picture of a picture’. These two combine to completely chances of impersonation fraud.
Forgery Detection
With systems running on machine learning algorithms we detect image forgery and tampering fraud by analyzing pixels, geometric alignments, and object interactions.
Instant Verifications
Our Verification APIs run realtime checks across government and public databases to instantly and securely recognize the customer.
Two-click customer onboarding
Fraud-free Onboarding
We initiate customer onboarding with just two pictures from the candidate - a picture of an ID card and a selfie.
Automated Form Filling
Our APIs extract information from images of ID card using optical character recognition (OCR) to auto-fill onboarding forms saving time and eliminating human errors.
Insurers prefer IDfy because
We reduce
claims fraud
Using breakthrough technology applications we proactively detect chances of claims fraud while our innovation engine continuously updates our products to emerging fraud techniques.
We eliminate
‘Death Before Policy’
Using a combination of Face Validation and Face Match, we ensure that a policy is issued to someone who’s alive eliminating any possibility of a ‘Death Before Policy’ case.
We reduce abandoned transactions
We combine our simple onboarding initiation with automated form filling and image quality detection at the onboarding stage reducing abandoned transactions due to customer revists.
Insights
IDENTITY THEFT
How Identity Scamsters Trap Victims
Five shocking stories on how identity frauds trap victims.
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Includes examples of scamsters pretending to be bank representatives, stealing social media profiles, and colluding with verification agents.
CASE STUDY
Reducing Customer Drop-offs for Financing Major
IDfy's EVE APIs help a financing major reduce customer drop offs by 40% with technology solutions that enable rapid and fraud-free onboarding while delivering a great customer experience.
KYC
Digital KYC in 5 Seconds
Using a combination of APIs and face recognition softwares running on machine algorithms, digital KYC is a 5 second operation. Even without Aadhaar-based authentication.
Fighting Life Insurance Fraud
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This 32 page e-book provides an in-depth insight into various kinds of insurance frauds, changing regulatory landscapes and ways for fraud prevention and control.
It also sheds a spotlight on how Al and machine learning are deciding the future of the life insurance industry
This is a must-read for executives in Insurance and Financial Services sectors
