A comprehensive fraud management solution that predicts fraud before it happensPlay Video
Neofraud™ is a fully integrated, browser-based software system with comprehensive functionality designed for predictive fraud detection in unemployment insurance tax and benefits solutions.
A comprehensive predictive fraud model identifies fraud trends and anomalies before they occur, as well as cross-matches data sources to identify potential fraud cases
Neofraud™ identifies fictitious employers based on the model’s behavioral analysis and data anomalies, and then flags them for follow-up. The results of the model can be integrated with field audit for employers requiring further review.
Neofraud™ significantly improves benefit accuracy and fiduciary responsibility. Enhanced functionality allows you to proactively create cases for further investigation, collection, and/or prosecution.
Analyze unemployment insurance fraud data in terms of payment week and repeat offenders. An integrated fraud dashboard displays the results as pie and bar charts.
Neofraud™ provides analysis of unemployment insurance fraud data in terms of zip code, incident size, industry or occupation code, education, age, gender, and race. View results in the form of Google maps, pie and bar charts.
Analyze unemployment insurance fraud data in terms of program type and source.
The power of data analysis is at your fingertips with ad hoc reporting capability. Retrieve custom data sets and export them instantly to Microsoft Excel.
Neofraud™ manages potential fraud cases efficiently throughout the case lifecycle using the integrated case management module.
Neofraud™ reduces the learning curve for new users with an intuitive design and rewards experienced staff with faster processing.
Neofraud™ can be implemented as a standalone system or integrated with your existing UI tax and benefits system. And, it integrates seamlessly with our flagship Neosurance™ UI Tax and Benefits solution.
Powerful neural modeling, or machine learning, enables you to configure the application to predict fraud without the need of complex software programming.
Neofraud™ offers machine learning technology on a neural network. The neural network model is custom designed based on your requirements. And, the model continually evolves and trains itself based on the actual data the model is evaluating. You can also build multiple models, based on your requirements, and choose the one that is most effective.
Neofraud™ automatically creates issues in your UI tax and benefits system to manage potential fraud cases.