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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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