Minneapolis-based FICO and Austin, Texas-based Infoglide have announced a partnership under which Infoglide will add its Identity Resolution Engine software to FICO's Insurance Fraud Manager.
Identity Resolution Engine's identity resolution capability resolves common variations in spellings, nicknames, and other personal identification elements, and the linking engine weighs the relevance of multiple identity elements in order to determine the likelihood that individuals and events are related. It analyzes the data without normalizing it or requiring that it be moved into any proprietary database.
"Fraud is becoming increasingly complex, with collusive networks and sophisticated fraud rings harming both credit grantors and their customers," Doug Clare, VP for fraud management solutions at FICO, says in a statement. "Infoglide IRE software provides a unique combination of capabilities — identity resolution, complicated linking algorithms, and data visualization — that complement FICO's high-performance detection analytics."
FICO's Insurance Fraud Manager uses outlier modeling techniques to detect both known and unknown fraud, waste and abuse patterns in healthcare claims data.
Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio