DigsFact

Watch our RIO - Dr. Debasrita Chakraborty, Ph.D - showcase our #awardwinning solution to the entire #SwiftCommunity - how we use #AI to detect and prevent #financialcrime like #fraud and #moneylaundering from taking place! https://lnkd.in/gpV5ckKB Curious to learn more? Message us here or email us at info@digsfact.com #DigsFact #AML #payment #fintech #ThePreCogs Nishant Tomar

#HomeownersInsurance premiums rose ~21% in 2023! As insurers face higher #costs, they pass those along to consumers in the form of pricier premiums. With our proprietary #ai based product - #InstaBud - you can reduce #cost significantly for: 1. #claims - provide all relevant data to the adjusters, at #fnol & eliminate the need for any further inspections for 60% of the claims 2. #underwriting - allow homeowners to do self-inspection within seconds, to give insurance carriers more relevant data without sending a contractor on-site for #uw #inspections For #lowerCost & better #CustomerExperience, message us here OR email us at: info@digsfact.com https://lnkd.in/eMNs7NZN #DigsFact #proptech #insurtech

Criminals who commit #financialcrime - like #fraud & #moneylaundering - are always coming up with new ways to scam consumers. One such example is the Romance Scams that cost consumers $1.14 Billion in 2023! Most current solutions constantly play catch-up with criminals and their evolving tactics. In contrast, our latest award-winning #fintech product - #ThePreCogs - uses generative AI to predict new crime patterns, trains itself to detect such crimes, and preemptively stops them from occurring with 99.7% accuracy! Key Highlights: 1. 99.7% #accurate with near perfect F-1 Score (0.975) 2. Works with any #currency 3. Uses #GenAI to predict new and evolving crime patterns of the future and self-trains or evolves (without any human intervention) to detect them 4. Reduces #cost in multiple ways like preventing financial crime, using gen AI to train itself and automatically evolve without human intervention, etc. 5. NO #demographic or #proprietary data needed. Only needs transactional data to predict and prevent a financial crime in real-time. For example, it can catch a financial crime even if it is done by an 18 year old person with no prior credit history or financial footprint. https://lnkd.in/eMgGfFGe #DigsFact #ai #aml #regtech

A quick update to all my colleagues and friends in the risk management space looking for ways to leverage Artificial Intelligence and technology as a means to improve performance and reduce costs. I recently had a chance to meet with Nishant Tomar. Nishant is the Founder and CEO of Digsfact. Digsfact is a recent participant in the Rev Tech Labs Accelerator program where I volunteer as a Mentor/Advisor.   DigsFact was recently a winner of the 2024 Global Innovation Challenge, hosted by SWIFT, where they were looking for AI based solutions to prevent Financial Crime. Their 3 main criteria for the challenge were: Risk Mitigation: Efficient identification and mitigation of financial crime threats, including fraud, money laundering and TBML. Transparency: Establish a framework for clear, visible, and illicit-free flow of funds and information.  Compliance Enhancement: Improved compliance measures through the utilization of transactional data. If you have seen the 2002 Tom Cruise movie - Minority Report - DigsFact's AI models work very much like The PreCogs in that movie, to detect a potential financial crime when any transaction is initiated (ACH, Wire, Debit card, Credit card, etc.) and preemptively stop it from happening.   Here's a video when SWIFT asked DigsFact to showcase our solution to the entire Swift community: https://lnkd.in/eXbJ25PC   Some key highlights and differentiators: 99.7% accurate with near perfect F-1 Score (0.975) Works with any currency Uses Gen AI to predict new and evolving crime patterns of the future and self-trains or evolves (without any human intervention) to detect them Reduces cost in multiple ways like preventing financial crime, using gen AI to train itself and automatically evolve without human intervention, etc. No demographic or proprietary data needed. Only needs transactional data (in real-time) to predict and prevent a financial crime. Hence, it can catch a financial crime (money laundering or fraud) even if it is being conducted by an 18 year old person with no prior credit history or financial footprint.   Digsfact can be utilized by any sized institution that needs to prevent/report financial crimes. If you are interest in learning more please reach out to me directly on LinkedIn or to Nishant directly at nishant@digsfact.com.

Let’s celebrate #freedom, #unity, and the spirit of #innovation this July 4th—Happy Independence Day! 🇺🇸 #FourthOfJuly #IndependenceDay2024 #July4 #Ju4th2024 #digsfact

Let’s celebrate the heroes who inspire us and shape our lives with their endless care, love, strength and wisdom - Happy Father’s Day! #DigsFact #happyfathersday #fathersday #fathersday2024

#GOTSNAP Your #ai buddy for #propertyClaims , #repairs & #restorations at lightning fast speed! #DigsFact #proptech #computerVision

How do you #imAgIne your future? #DigsFact #ImaginePossibilities #ai #fintech