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PREDICTIVE
INTELLIGENCE
Charles Taylor joins the AI battle against fraud by investing in cuttingedge insurtech
Charles Taylor has acquired a majority share of Argentina-based Fraud Keeper . harles Taylor , the
C provider of claims and technology solutions to all parties in the global insurance market , has entered into a partnership with Fraud Keeper ( FK ), acquiring a majority share of the company .
FK is a cutting-edge SaaS platform based on automation and Artificial Intelligence that helps insurers detect , prevent and manage fraudulent transactions in real time . FK is based in Argentina and has a presence in Spain .
The FK team , which has over 20 years ’ experience in helping insurers in the fight against fraud , has rapidly built its client base and reputation in Latin America . The partnership with Charles Taylor will enable FK to bring its proven technology to new markets and client situations globally .
Fraudulent claims are a multibilliondollar industry issue across the global insurance industry and as insurers automate more of the claims lifecycle , the risk of losing money to fraudulent activity is increasing .
FK ’ s automated fraud detection software triages , validates and fast-tracks genuine claims , with automated claims payment functionality to reduce the claims lifecycle .
It uses Machine Learning to continually improve fraud detection and links to external data sources to gather additional insights .
The technology can also support smart risk selection and churn prediction with new customers , as well as providing insights to insurers to up-sell and crosssell relevant products to their existing customer base .
FK will be a valuable addition to Charles Taylor ’ s extensive suite of InsureTech tools and solutions , which already includes Authorities Governance , Distributed Data Management , Claims
The FK team , which has over 20 years ’ experience in helping insurers in the fight against fraud , has rapidly built its client base and reputation in Latin America .
www . intelligentciso . com
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