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Monitor Transactions for Fraudulent Activity in Real-Time

Benefits:

Speed, Risk Mitigation, Cost Savings

Category:

Fraud Detection & Prevention

Use Case

Detecting fraud as early as possible minimizes losses. LLMs can be integrated into real-time monitoring systems to continuously scan incoming claims data, policyholder interactions, and transactional details (e.g., IP addresses, geolocations) for anomalies or high-risk indicators as they occur. This enables immediate flagging and potential intervention before significant costs are incurred.

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