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Why does the Insurance Sector need a Fincrime tool?

Insurtech has automated the traditional insurance industry and improved efficiency, customer experience, and more. But with advancements, there is also a rise in the risk of fincrimes. Here’s why your insurance business needs a dedicated FinCrime tool right now:

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Ever-changing regulations in different markets.

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Insurance offerings are attractive targets for various fincrimes.

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Evolving fraud techniques targeting digital insurance platforms.

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The high volume of transactions and complexity of data.

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Threat to cybercrimes as InsurTech holds sensitive information.

Why does the Insurance Sector need a Fincrime tool?
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Transform the way your insurance business combats fincrime with Velocity - a purpose-driven fincrime tool to stay compliant, safeguard operations, enhance customer confidence, and grow your insurance business.
Why choose Velocity as your fincrime solution?
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Leverages AI and ML

Leverages AI and ML Velocity uses advanced technologies that can help insurance companies proactively detect and prevent potential fincrimes.

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Integration capabilities

The software can seamlessly integrate with your existing systems, ensuring that your compliance process is smooth and efficient.

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Comply with AML regulations

Velocity can help you keep up with the AML regulations, which can help you avoid hefty fines and safeguard your reputation.

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Detects and mitigates risks quickly

The tool is fine-tuned to identify-insurance related fraud/scams quickly and accurately, minimizing false claims and saving you money.

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Quick customer verification

Our KYC and risk rating tool makes checking new customers easy and fast, keeping your insurance business safe, reducing turnaround times, and enhancing customer experience.

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Make your insurance business safer and smarter with Velocity!
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