RiskShield is a new and innovative software product family for intelligent decision automation. Combining human expertise and experience with latest software techniques, RiskShield enables software to "make decisions like an expert". On the market only since 1997, RiskShield already has 30 major installations in banking, insurance, and manufacturing. Any business that has to take a large number of decisions can benefit from RiskShield technology.
How does RiskShield work?
Take credit risk assessment,
for example. A decision that must be taken hundreds of times a day in distributed
locations of a company. RiskShield combines credit analysts experience
with scoring methods and neural net technologies. Now, every credit assessment
is made using exactly your company's risk policy and strictly follows your
business rules. Decisions become more transparent and completely reproducible.
First installations demonstrate substantial benefits. Your next leasing
application could be evaluated by RiskShield..
Here is a quick overview of the available RiskShield (RS) products:
RS/Application evaluates the individual insolvency risk of customers applying for loan, insurance, or leasing contracts. RS/Application considers both general risk profiles as well as individual company policies.
RS/Claim Expedites insurance claim processing by identifying unsuspicious claims. Such claims are settled automatically with lower operational costs. Fraud is detected with consistent quality and human fraud auditors are supported with their work. RS/Claim can be integrated with existing workflow and call centre systems. RS/Claim is already used for motor, general, and home and property insurances.
RS/Payment Fights fraud with electronic payment systems. For credit and debit card payment systems, RS/Payment matches each authorisation request to known fraud patterns. This securely detects only true cases of misuse and minimises nuisance for rightful customers. A special version of RS/Payment for Internet transactions is available.
RS/Behaviour Monitors transaction sequences to identify typical behaviour. For transaction accounts, payment systems, and customer loyalty cards, spending patterns are detected to classify customers into pre-defined target groups. This promotes the identity of desired customers and defines cross-marketing activities. A special version of RS/Behaviour detects attrition risk of customers.
RS/Supplier minimises supplier-related risk by automating quality control. Goods and invoices received by suppliers are continuously checked to detect differences and damages. RS/Supplier has been demonstrated to save up to 70% costs while detecting more than 99% of the bad risk.
RS/Custom the decision modelling techniques of RiskShield are highly adaptable and may also be used to automate your specific application. For this, we provide RiskShield as a custom solution, which we tailor on-site to your needs.
What type of software is
Is this a black box?