• Digitalis Technologies Ltd. develops Cyber Intelligence based fraud detection decision support systems for the vehicle insurance market.
• The company was founded in 2014 and is privately owned and privately funded.
• With 15%-30% of car insurance claims being fraudulent, and fraud getting more and more sophisticated, existing insurance fraud detection systems fail to detect many cases, causing annual losses of more than $32 billion in the U.S. alone.
• The Insurance Business is looking for new technologies to reduce these losses. This leads to a CAGR forecast of 17.4%-24% for 2014 - 2019 in the insurance fraud detection business.
• Digitalis Technologies' team utilize their vast experience in Homeland Security to generate their original solution.
• The company's solution evaluates fraud probabilities by focusing on the individuals involved in the claim using social networks and other open-sources and algorithms plus link analysis to expose both scams and amateur fraud.
• The recommendations provided by the system enable more efficient allocation of funds by both detecting fraudulent cases that weren't detected before and by decreasing costs of unnecessary investigations.
• The system is designed as an Add-On to existing systems. It can be easily and rapidly deployed within any organization and can be used either on client’s premises or as a service (SaaS, AaaS).
• The system is now at a demo version and 3 months from the Proof of Technology (PoT) stage. Within 6 months it will be ready to be installed in a client's site for 1st Proof of Concept (PoC).
• Digitalis' potential clients include large system developers and system integrators.
• Income is planned to be created from both sales of systems and various services provided.
• The version developed is adapted for the insurance fraud detection market, but can be used for variety of other markets, such as the Telecom, Banking, Social Security and Information markets.
Company Details
Digitalis Technologies Ltd. Questions
Digitalis Technologies Ltd.'s LinkedIn profile is https://il.linkedin.com/company/digitalis-technologies
Digitalis Technologies Ltd. has
1 employees.
View email and phone details for 1
employees at Digitalis Technologies Ltd..
Digitalis Technologies Ltd.'s industry is
Computer and Network Security
Digitalis Technologies Ltd.'s top competitors are
Pt. Kompas Ion Teknologi,
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Nprime Ltd.,
Digitalis Technologies,
Mercy & Grace,
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Arth: - A Smart Era Of Autonomous Investing By Capovex,
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Digitalis Inc,
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Digitalis Technologies Ltd.'s categories are Computer and Network Security
Digitalis Technologies Ltd.'s founding year is 2014
