Illegal activities in any form, such as theft, smuggling or counterfeiting, are a challenge for global trade. The source, but also the concrete course of illegal activities, is difficult to identify, especially since threats come from outside as well as from within organizations. In order for effective countermeasures to be targeted, information that could indicate these illegal activities must be collected and analyzed appropriately. Organizations need a Fraud Analysis tool to fight the illegal activities.
Based on a grant from Philip Morris International under the PMI Impact program, the project Fraud Information-Fusion Intelligence (FIFI) got launched with the goal to develop a solution for Fraud Analytics. The aim is to adapt the best approaches, procedures and tools of the security authorities to the needs of the security departments of companies. Combined with the technical knowledge in the analysis of structured and unstructured data as well as the latest developments in the field of artificial intelligence, a system is to be developed which, from the emerging mass data generated e.g. within a supply chain, will detect irregularities and anomalies indicating illegal activities and related damage.
Traversals provides the platform for the Fraud Analytics solution, where all approaches and analysis modules provided by partners will be integrated by using an SDK. Some of the ideas for the project are based on features also used in the Vendor Risk Management solution.
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