iAcuity Launches “Fund Path” with Innovative Capabilities to Overcome Financial Fraud
iAcuity Fintech, a major fintech company that delivers innovative analytics alternatives to abate and examine economical fraud and criminal offense, today declared the start of its highly developed crime intelligence analytics capabilities in its flagship product or service ‘Fund Trail‘, an automatic analytics answer for economical investigations.
The more characteristics introduced enable investigators to recognize one-way links across instances by identifying prevalent suspects and perpetrators. These sport altering functions will streamline the investigation approach by building a economic transaction profile of suspects and highlighting linkages to situations and other suspects in the method. Investigators can thereby rely on present details saving them enormous time and exertion.
Fund Trail is the world’s very first close-to-conclude hyper-automated analytics system which aids to determine and examine criminal offense with the use of AI and major data technologies. The solution supports forensic auditors, legislation enforcement organizations, tax authorities, regulators and monetary establishments to conduct successful investigations by giving actionable insights. It also helps to place irregularities and suspicious carry out that are important to the investigation on frauds like embezzlement, misappropriation of loans, terror funding, dollars laundering, tax fraud, spherical tripping, cybercrimes, bribery, corruption, ponzi strategies, and so on.
Mr. Gaurav Batheja, CEO, iAcuity Fintech claimed, “All-around 8.84 Lacs complaints had been noted less than the on the net fiscal fraud group of the Nationwide Cyber Criminal offense Reporting Portal from January 2021 to November 30, 2022. As we witness a significant increase, we believe our alternative is a gamechanger in serving to government authorities and even enterprises to combat these frauds. iAcuity Fund Path is a strong and innovative platform which will support in the identification and mitigation of all likely economic dangers that not only have an influence on the organization but also harm its popularity. At iAcuity, we place our whole work into the creation of our impressive products and solutions, concentrating on technological developments and the precision of the answer.”
In accordance to the latest stories, the Union government’s Cyber Crime portal (cybercrime.gov.in) gets above 3,500 grievances of economical fraud a day. The flagship resolution from iAcuity assists empower regulation enforcement with modern investigative ways, put together with security and scalability.
As common investigations entail intensive guide drudgery, thereby getting months and restricting the scope of investigation, Fund Path is the best route that enables high accuracy and can help alleviate handbook drudgery of analysing lender statements. Fund Path presents a selection of complete examination experiences and visualizations of all transactions that generate different types of investigations.
iAcuity Fund Trail’s sophisticated knowledge ingestion motor ingests lender statements in various formats, instantly validates top quality of knowledge for correct final results, cleans and organizes information for impactful investigation, discovers transaction behaviors and patterns with customizable dashboards. and analyzes stream of cash employing forensic accounting designs.