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Digital transformation of insurance to lower fraud risk
Jan 29, 2018
By Tim Sandle
The digital transformation is driven by new competitive threats and a desire to prevent false claims, according to a new report. With the latter, the process of behavioral biometrics can assist with fraud prevention and a better customer experience.
The digitization of financial services, especially with insurance, is leading to large-scale and major transformations. While this process is creating new growth opportunities, it also signals new challenges and inherent risk. These are the headline messages from a new report from BioCatch, titled “Digital Transformation in the Insurance Sector.” BioCatch is a provider of behavioral authentication and threat detection for web and mobile applications.