Alpine IdentityInsight™ is the premier, on-demand fraud protection solution for today’s businesses. Leveraging toolsets similar to those of robust platforms, IdentityInsight™ gives companies of every size the protection of an enterprise solution—at a minimal price.

A Software-as-a-Service (SaaS) offering, IdentityInsight™ can be used in real time or ad hoc (once, monthly, annually, etc.). IdentityInsight™ requires no expensive hardware and training, and no lengthy contractual commitment.

IdentityInsight™ leverages Alpine Consulting’s considerable expertise deploying fraud solutions to:

• Eliminate as much as 80% of investigator time and expense— drastically improving ROI
• Examine vendor, employee, and customer data to uncover potentially harmful individuals or relationships that enable fraud, and produce distilled lists of leads and connections
• Run detailed, immediately actionable Intelligence Reports to manage, deter, and address criminal activity
• Imbed business rules to automate the monitoring of individual, relationship and transactional data

Identity Insight allows Federal, State and Local and Tribal Governments to gain a comprehensive, self-improving view of the identities of their citizens without compromising their privacy.

Information is accessed and analyzed on demand, to quickly identify fraud.
More importantly, information can be shared and analyzed across programs and jurisdictions anonymously in order to comply with privacy legislation.

Examples of IdentityInsight in action:

• Fight Fraud in Social Services
• Determine if the applicant is applying for multiple benefits across several programs whether in the same jurisdiction or across jurisdictions.
• Medicaid Fraud
• Eligibility, Medical Review, Financial Audit, Investigations, Provider Enrollment, PARIS (cross-state reporting)
• Root out Insiders who create or re-direct benefits to themselves, friends, families, etc.
• Unemployment Insurance and Workers Compensation Fraud
• 5% of Workers Comp Claims were filed by persons who intentionally hid their identity and possibly got duplicate payments.
• 1% of Un-employment Claims were filed by persons who intentionally hid their identity and possibly got duplicate payments.
• Revenue & Tax Compliance
• Improve the productivity of your special investigative unit by providing accurate identity and relationship information for fraud investigations
• Reduce business identity ambiguity by gaining insights into who really is associated with a particular business entity and determining if they have an existing negative relationship

The Financial Services landscape is changing daily. IdentityInsight enables financial institutions to build sophisticated and configurable Know Your Customer (KYC) and Know Your Customer Relationships systems that can identify theft and fraud, money laundering schemes and techniques using false or fraudulent identities.

Aii’s underlying technology is the ONLY middleware on the market designed to resolve and recognize “Who is Who?”, “Who Knows Who?”, “What (transactions) Have They Done?” and “Who Knows Who Anonymously?”

Additionally, IdentityInsight can create a Master Customer Index allowing financial institutions to understand where and how their customers are doing business with them as well as identify value networks to drive profitable account openings.

IdentityInsight in Action for Banking:

• Assess the total risk associated with credit-based customers that have multiple accounts and may be trying to hide their identity in order to qualify for more credit.
• Minimize false positive identifications when comparing (OFAC, PEP, etc.*) sanction lists and watch lists to customer lists. Large or small, every financial company must do this process to be compliant with the Patriot Act Customer Identification Program (CIP).
• Reporting compliance with the Fair & Accurate Credit Reporting (FACT) Red Flag act requirements for identity theft prevention and discovery by the deadline of May 1, 2009.
• Detect Anti Money Laundering (AML) activities and submitting Suspicious Activity Reports (SAR’s) in order to be compliant with the Bank Secrecy Act (BSA)
• Insider Threat: Financial institutions can use Relationship Resolution in the employee and applicant screening process to establish possible linkages between people either on, or trying to get on the inside with nefarious third parties, OFAC, PEP, FBI, felons, etc in order to gauge the potential threat
• Anti Money Laundering (AML), Know Your Customer (KYC) Compliance to Patriot, Basel, Bank Secrecy; Companies can use Identity Resolution to organize their disparate identity data, create resolved identities, and recognize who their customers actually are. Once the customer entities are resolved, Relationship Resolution can be used to identify links that seemingly benign customers may have to outside organizations or individuals who may appear on PEP’s, OFAC, or another internal or external bad guy list.
• CRM marketing groups responsible for increasing the efficiencies of customer acquisition, retention and loyalty.

This entry was posted on Wednesday, August 12th, 2009 at 12:09 pm and is filed under News.