Entity Resolution & Social Network Analysis

Uncover who's who, and who knows whom

Overview


Across public and private sectors, organizations are increasingly targeted by organized fraud rings, committing financial crimes through bust-out fraud, fraudulent health claims and more. FICO® Identity Resolution Engine adds a critical dimension to the fight against fraud by resolving the true identities of perpetrators, and proactively revealing fraud rings.

Using enterprise and third-party data, FICO Identity Resolution Engine discovers social network relationships between people, entities and activities and provides actionable fraud analytics. 

In numerous industries –– financial, healthcare, insurance, government and more –– FICO Identity Resolution Engine significantly reduces fraud by accelerating the discovery of highly sophisticated, and organized, financial criminals.

 

Solution Architecture

FICO® Identity Resolution Engine

At the core of IRE is a sophisticated matching and entity resolution engine capable of  accessing  and organizing disparate internal and external data to formulate human centric objects and relationships.

On top of the resolved entity stores, IRE provides three integrated business applications.

  • Investigations and Screening – Provides the means for analysts to conduct fuzzy searches into data and perform sophisticated link analysis.
  • Predictive Graph Analytics – Empowers organizations to proactively identify and prioritize organized fraud and criminal activities using relationship-driven predictive analytics.
  • Single View of a Customer - Accelerates operational insights by constructing complete 360 degree views of a customer, organization, location, product, and event at any volume. 

Available Products

FICO® Identity Resolution Engine

Product overview

FICO® Identity Resolution Engine (IRE) adds a critical dimension to the fight against fraud by proactively identifying and investigating the true identities of perpetrators and fraud rings.  FICO Identity Resolution Engine allows institutions to classify identities and other entities and correlate relationships through their data. Identity Resolution Engine applies predictive graph analytics by analyzing linkages between people, places, documents, and events. Subsequently IRE can generate prescriptive alerts that empower organizations to prioritize fraudulent activity.

IRE is utilized in numerous industries across the public and private sectors to target the detection of organized fraud rings committing financial crimes through bust-out fraud, fraudulent health claims, and other nearly undetectable methods. 

FICO® Identity Resolution Engine

FICO Identity Resolution Engine for Anti–Money Laundering

Product overview

FICO® Identity Resolution Engine (IRE) adds a critical dimension to the fight against fraud by proactively identifying and investigating the true identities of perpetrators and fraud rings.  FICO Identity Resolution Engine allows institutions to classify identities and other entities and correlate relationships through their data. Identity Resolution Engine applies predictive graph analytics by analyzing linkages between people, places, documents, and events. Subsequently IRE can generate prescriptive alerts that empower organizations to prioritize fraudulent activity.

IRE is utilized in numerous industries across the public and private sectors to target the detection of organized fraud rings committing financial crimes through bust-out fraud, fraudulent health claims, and other nearly undetectable methods. 

FICO® Identity Resolution Engine

FICO Identity Resolution Engine for Anti–Money Laundering

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Fighting Insurance Fraud with IRE

Fraudulent individuals and criminal rings plague the property and casualty and life insurance industries with a variety fo schemes resulting in significant fraudulent claims payouts. Insurers' rules management system sand claims coring models help identify and stop payment on some of these clamis through analysis of data on the claims themselves.  However, another rich source of data has been largely untapped by the industry: personal attribute data on claimants, and on other individuals related to the claim or claimant.

Learn how, with FICO® Identity Resolution Engine, insurers can strengthen their current analysis of claims with an added perspective on risk associated with individuals.