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Safeguard insurance sign-ups and claims from the start
Cut out suspicious customer behaviour before it incurs financial damage with controlled risk assessments, all in one place.
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Ensuring real-time risk alerts for insurers
Financial crime is on the rise, and insurance companies are in the firing line for those looking to manipulate the system. While insurers are well aware of risk profiling to challenge suspicious claims, knowing when to onboard legitimate customers without a hitch and stop high-risk individuals or businesses takes greater digital capabilities.
To avoid financial damages, the day-to-day detection of potentially malicious conduct must be performed during the Enhanced Due Diligence (EDD) registration process. It takes automated tools to raise the high-risk profiles and claims that matter to investigators, which is where RelyComply helps insurers focus on their increasingly important job of protecting their businesses and customers.
Map only the most fraudulent activity
With cleaned-up data stored in the RelyComply platform, the accuracy of consistent customer risk assessments is improved from the get-go, with false alerts lowered by up to 80%.
Automate every step
AI technology underpins swift user verification for a great user experience. It alerts any suspicious transactions in real-time to funnel potentially fraudulent people into an EDD process without requiring manual effort.
Maintain your insurance vigilance
Illegitimate claims are just one part of an evolving fincrime puzzle. With flexible, bespoke risk definitions, use RelyComply to adapt to changing challenges and increased business needs as you see fit.
Quick AML insights
How AML technology is transforming compliance
In an era where financial crime grows more sophisticated by the day, the role of AML technology has never been more critical. Rapid advancements in artificial intelligence, real-time analytics, and RegTech innovation are transforming how institutions detect, investigate, and report suspicious activity – moving the industry from reactive controls to proactive, intelligence-led strategies. As regulators … Continued
SIM swapping exploits make ID verification urgent
Financial crime takes many forms, but one of the fastest-growing threats is SIM swapping, a tactic that allows criminals to hijack mobile numbers and steal identities. While suspicious transactions can flag laundering activity, every financial crime begins with verifying that a person is who they claim to be – and what once seemed like a … Continued
How tokenisation can unify strict AML data sharing
Information-sharing in the age of strict data privacy Tokenisation is emerging as one of the most powerful ways to balance AML information-sharing with strict data privacy obligations. As everyone’s personal data becomes increasingly precious – and increasingly exposed – financial services face mounting pressure to protect customer information while still identifying risk. Criminals are able … Continued
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Insurers' day-to-day operations are paramount to maintaining integrity for new customers or claims. At RelyComply, we’re here to relieve the heavy burden of onboarding and customer due diligence through automation, helping you easily manage and stop risk.
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