Name: iPrevent
Author: Brighterion

Call Center Workforce Optimization

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Web and Video Conferencing

Customer Support

Chatbot

Functional Testing

Kubernetes Monitoring

No-Code Development

Development

Admissions and Enrollment

Classroom Management

Education

Business Intelligence (BI)

Collaboration

Facility Management

Statistical Analysis

Workspace Planning

Enterprise

Accounting

Accounts Payable

Financial Planning and Analysis (FP&A)

Hedge Fund

Finance and Accounting

Applicant Tracking

Corporate Learning Management

HR Management

Payroll

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

3D Printing

Block Storage

Cloud Data Warehouse

Cloud Storage

Configuration Management Databases

Deception Technology

Encryption Key Management

Fraud Detection

Integration Platform as a Service (iPaaS)

IoT Device Management

Load Balancing

Network Performance Monitoring

Operating Systems

SOA Governance

SaaS Backup

Server Virtualization

Service Desk Outsourcing

Vector Databases

WiFi Hotspot

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Content Management

Customer Success

Digital Content Creation

Email Marketing

Market Intelligence

Marketing Automation

Referral Marketing

Social Media Management

Survey & Forms Building

Usability Testing

Web Analytics

Marketing

Project Management

Professional Services

Customer Onboarding

Customer Relationship Management (CRM)

Field Sales Software

Sales Performance Management

Sales

Agriculture

Construction Takeoff and Estimating

Dealer Management

Direct Secure Messaging

Equipment Rental

Fleet Management

Insurance Suites

PCB Design

Rental Property Management

Restaurant Management

Vertical-Specific

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iPrevent, developed by Brighterion, is an advanced AI solution aimed at preventing fraud, waste, and abuse in various industries. Specifically tailored for healthcare companies, iPrevent integrates with payment integrity providers and Special Investigation Units (SIUs) to uncover complex fraud schemes. This software solution is suitable for businesses of all sizes, from small enterprises to large corporations, and is utilized by a wide range of professions and industries, including financial institutions, merchants, healthcare providers, insurance companies, government agencies, and fraud investigation units.

## Key Features

**Transaction Fraud Monitoring**: According to the vendor, iPrevent offers a market-ready solution to reduce transaction-level fraud and merchant risk. With fast and easy deployment, businesses can potentially experience a return on investment from day one. The system is enriched with Mastercard's global network intelligence and requires minimal customer data elements for initialization.

**Merchant Monitoring**: iPrevent allows businesses to assess the risk of ongoing and newly onboarded merchants. It provides options for risk score delivery, including a zero integration option and a full integration option with a cloud-based API for complete control over workflow and thresholds. By monitoring Mastercard transaction patterns, iPrevent aims to identify anomalous behaviors.

**AML & Compliance**: The vendor claims that iPrevent includes a custom AI model for anti-money laundering and compliance monitoring. It utilizes machine learning tools that continuously update to reflect evolving fraud techniques. The system is designed to monitor for money laundering and compliance violations, enabling businesses to comply with regulatory requirements.

**Custom AI**: According to the vendor, iPrevent offers custom AI solutions tailored to address specific business challenges. Through its AI Express process, businesses can potentially build and deploy production-ready models within 6-8 weeks. The system is designed to be scalable and adaptable to evolving business needs.

**Healthcare Fraud, Waste and Abuse**: iPrevent is equipped with an AI solution to detect and prevent healthcare fraud, waste, and abuse. It aims to identify erroneous or fraudulent claims before reimbursement, providing personalized decisions in milliseconds. The vendor suggests that iPrevent can potentially reduce operational costs and false positives, optimizing healthcare operations.

**Identity Detection**: According to the vendor, iPrevent offers identity detection capabilities for the authentication of healthcare providers or patients. This feature aims to verify the identity of individuals involved in healthcare transactions, reducing the risk of fraudulent activities.

**Predictive Analytics**: iPrevent leverages predictive analytics to make more accurate decisions as healthcare organizations innovate. By analyzing historical data and patterns, the system aims to identify potential fraud, waste, and abuse schemes in real-time, enabling proactive intervention.

**Cybersecurity Solutions**: iPrevent provides cybersecurity solutions to mitigate data breaches that can have an adverse impact on healthcare companies and patients. These solutions aim to safeguard sensitive healthcare information, ensuring compliance with data protection regulations.

**Integration with Payment Integrity Providers and SIUs**: iPrevent seamlessly integrates with payment integrity providers and Special Investigation Units (SIUs) to enhance their capabilities in detecting and preventing fraud, waste, and abuse. By combining the expertise of these entities with the AI technology of iPrevent, complex schemes can potentially be uncovered and addressed more effectively.

Plaid in San Francisco offers a suite of applications supporting banks with risk management and customer account management features. Plaid is used by digital financial apps and services like Betterment, Expensify, Microsoft and Venmo, and by banks to make it easier for consumers to connect their financial accounts with the apps and services they want to use. Plaid connects with over 11,000 financial institutions across the U.S, Canada and Europe.

Test

Launch

Scale

Plaid

Starter

Trial

Premium

SEON. Fraud Fighters

iPrevent

Fraud Detection Software, and Risk Management Software, are systems designed to detect and prevent fraud in real time and secure web, mobile, and phone transactions. These platforms are tailored to the needs of financial institutions and also retail organizations who sell online, and may vary in scope along the needs of their intended users.

Brighterion

Fraud Detection Software Features

Features related to products that help users with fraud detection.

Anomaly Detection

The software uses advanced algorithms to identify patterns of behavior that deviate significantly from the norm, enabling detection of fraudulent activities.

Timely Monitoring

The system constantly monitors transactions and activities as they occur, providing immediate alerts for any suspicious or potentially fraudulent behavior.

ID Verification

The software incorporates robust identity verification mechanisms such as KYC (Know Your Customer) processes and multi-factor authentication to ensure the legitimacy of users.

Data Analysis and Pattern Recognition

Utilizing machine learning techniques, the software analyzes large volumes of data to identify patterns and correlations that may indicate fraud.

Rule-based Alerts

The system can be configured to generate alerts and notifications based on predefined rules that indicate suspicious or fraudulent behavior.

Investigation Tools

The software provides tools and workflows to manage and investigate potential fraud cases, allowing users to document findings, collaborate, and initiate appropriate actions.

External Data Integration

The system can connect with external databases, APIs, and third-party services to gather additional information and enrich the fraud detection process.

Compliance and Regulatory Support

The software incorporates features to help organizations meet compliance requirements and adhere to regulatory frameworks in the context of fraud prevention and detection.

User Interface

The software provides an intuitive and easy-to-use interface with interactive dashboards, allowing users to quickly navigate, access relevant information, and take necessary actions.

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What is iPrevent?