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Fraud grows 17% YoY
- Annual impact of global fraud exceeds $1 trillion
- Every $1 lost to fraud costs $4.23 for US financial service firms
- In 2022, financial service businesses saw a 79% increase in document fraud compared to the previous year
Why is fraud increasing?
Aggressive push toward digitization during Covid
Challenging economic climate (inflation)
Lack of focus on document forgery
Before
A high volume of missed fraud due to significant and expensive manual labor costs along with basic technology approaches that only focus on metadata manipulation.
Automation Hero Advantages
The first AI pixel anomaly detection along with unique re-submission detection capabilities both internally and as part of a consortium.
After
Higher fraud detection with fewer resources.
FINS & Insurance examples
Money Laundering
Mortgage Fraud
Exaggerated Claims
KYC Challenges
False Claims
Forged Payment Stubs
Increase efficiency of fraud units
On-demand Webinar
Outsmarting document forgery with AI
Product Brief
Combating document forgery with Automation Hero
Product Brief
Document forgery detection datasheet
Detecting Document Forgery with AI
Blog Post
Outsmarting document fraud
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