RiskTech Forum

Accenture To Help Organizations Detect Fraud and Abuse with New Advanced Analytics Applications

Posted: 16 June 2016  |  Source:

Accenture is launching seven new advanced analytics applications to help organizations more effectively detect and remediate fraud, and ultimately reduce losses to improve their bottom lines. 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:

For banks:

For government agencies:

For telecommunications companies:

For manufacturers:

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.

The Accenture Insights Platform, a cloud-based end-to-end analytics solution, hosts the advanced analytics applications portfolio and an integrated design, build, and run environment that enables the agile development of industry and function-specific analytics applications. In addition to using the applications through the platform, organizations have the option of using them on their own. Accenture’s advanced applications are customized to meet an organization’s specific needs – they are integrated with an organization’s unique operational workflow process and designed for a specific user. Depending on the level of customization needed, applications can typically be ready for use in approximately a few weeks to 60 days.

Additional details on the Accenture Insights Platform and existing advanced analytics applications can be found here.