Together, we will deliver an entirely new level of detection capabilities to combat fraud, waste, and abuse in unemployment insurance- Jon Coss, Pondera CEO
Des Moines, Iowa (PRWEB) March 27, 2014
Iowa Workforce Development (IWD), has enlisted Pondera Solutions, a Google Enterprise Partner, to help prevent improper unemployment insurance claims and State Unemployment Tax Avoidance (SUTA) schemes. IWD deployed Pondera’s Fraud Detection as a Service (FDaaS), which utilizes Google’s enhanced analytics and geospatial technologies, to prevent improper payments and save taxpayer dollars.
“Our technical capabilities to detect and fight fraud were limited to a lack of investment in the programs over the previous decade. The data analytics and dashboard services delivered by Pondera provides IWD with a robust and comprehensive tool set to detect and prevent fraud,” said Teresa Wahlert, Iowa Workforce Development Director. “Enhanced fraud detection abilities prevents erroneous payments and saves tax payer dollars.”
Pondera’s FDaaS is a Google-powered cloud-based analytics solution that analyzes claims and program participants, quickly sifting through massive data sets to identify and alert agencies to problems that require follow up investigation. FDaaS is seen as a “super investigator” that combines technical intelligence with department data to quickly identify potential fraud schemes and collusive activity. Because FDaaS uses machine learning and geospatial technology, it also continues to “learn” over time, uncovering new and emerging methods of fraud.
“We are delighted to work with Iowa,” said Jon Coss, Pondera Solutions CEO. “We have deployed a powerful solution by empowering IWD’s audit and investigation staff with Pondera’s Google-powered FDaaS platform. Together, we will deliver an entirely new level of detection capabilities to combat fraud, waste, and abuse in unemployment insurance.”
IWD’s mission is to provide a comprehensive statewide system of employment services, education, and regulations to ensure the economic security of Iowa’s workers, businesses, and communities. An important part of that mission it to identify and prevent unemployment insurance fraud.
About Pondera Solutions:
Pondera Solutions, a product and services firm focused on implementing Google solutions in government agencies, delivers a comprehensive Fraud Detection as a Service (FDaaS) solution based on Google’s state-of-the-art tools. FDaaS analyzes incoming claims using Google’s predictive modeling, data mining and matching, geospatial, and search engine technologies to investigate and help prevent potential fraud before it occurs.