When an insurance firm received a claim on a term insurance of Rs 4 million from a supposed nominee, it decided to run a check and outsourced the job to a start-up, which subjects such claims to 80-odd process checks. The start-up found a selfie of the insured three days after his supposed death and alerted the firm. ‘‘We detect fraud in people transactions.
While on-boarding people — getting a job or taking an insurance or a loan — there is a chance of a fraud. We try to catch that as fast as possible,” says Ashok Hariharan, founder of IDfy — a ...
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First Published: Mon, January 08 2018. 00:22 IST
