QEDIT for Fraud Detection

Leverage 2nd party claims & invoice data to identify double dipping fraud

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Expand your fraud detection capabilities and reduce spending on investigations through privacy-enabled, cross-company data collaborations. 

 

 

Key Benefits
Detect Fraud

Swiftly identify duplicate use of claims and invoice data before payments are issued

Reduce Costs

Minimize time and resources spent on investigations while maximizing fraud detection

Mitigate Risk

Broaden your investigative capacity and detect more suspicious accounts

Accelerate Growth

Translate cost savings into more competitive premiums and lower fees

Key Features

Acquire actionable insights from other organizations, without divulging sensitive information

 

Compare and match records with other members of your ecosystem — including competitors — to detect the recycling of insurance claims and commercial invoices. QEDIT helps you discover duplicate use of these assets, without exposing confidential Personally Identifiable Information or other confidential data.

 

Select matching criteria according to your fraud detection requirements

 

Launch your collaboration in minutes using a customizable workflow template that enables you and other participants to select and compare relevant records, such as account names, invoice/claim IDs, dates/values that appear on relevant documents.

 

Generate reports and receive live alerts when duplicate claims/invoices are revealed

 

Cross-reference your data against older records on a rolling basis and receive real-time notifications when matches are found. Automated, early detection of fraud prevents losses and dramatically reduces the time and cost of investigations.

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How it Works
Launch a Project

Select a workflow template and define rules to govern your collaboration

Invite Participants

Set up your private network and invite partners to begin collaborating

Collaborate

Match, compute and verify encrypted data without sharing sensitive information

Monetize Insights

Translate insights from your partners’ data into new revenue and cost-saving opportunities

What is Privacy-Enhancing Technology (PET)?

QEDIT employs robust Privacy-Enhancing Technology, leveraging advanced cryptographic techniques, to enable the analysis and sharing of insights without exposing the underlying data itself.

 

What leading authorities say about PET:

“crucial for the next stages of the data economy”

 

– The European Commission

 

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“[enables] previously unimaginable opportunities”

 

–  The World Economic Forum

 

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“eliminate(s) the collection of personal data”

 

– US Senator Kirsten Gillibrand

 

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