Document fraud is a serious problem! In Germany alone, the losses run into billions every year and insurance companies and banks, the public sector and the property industry struggle with the consequences of document fraud. Fictitious medical bills to obtain benefits from supplementary insurance policies. Falsified prescriptions to bill private health insurance companies for more than than the amount justified. False proof of income to obtain credit despite a low credit rating. Illegal multiple insurance policies to settle the same claim thirty times - the list of fraud examples goes on and on.
ICO-LUX uses its products to help check for fraud. The aim is to recognise attempts at fraud before fraudulent benefits are paid out or loans are approved - using document forensics and artificial intelligence (AI) that is as secure as it is fast and fully compliant with data protection regulations.
We recently edited a white paper, to give more insights into document fraud prevention for banks. It is currently only available in German. However, we appreciate international requests, too, and would then like to share our knowledge in a video call.
Interested in learning about how to successfully tackle document fraud?
Contact us for more!
Innovation between AI, computer vision und cryptography
ICO-LUX is a company founded on the basis of research that is constantly winning awards for its innovative technologies. The German market leader for automated document authentication and document forensics combines expertise from the fields of artificial intelligence, machine learning, computer vision and cryptography with specialist expertise from the insurance and banking sectors. We strive to always be a few steps ahead of those who forge, scam and cheat and to ensure that the efficiency gains of digitalisation are not lost to fraud.
