By partnering with Pondera Solutions, we know government programs now have the benefit of a powerful solution aimed at detecting and preventing identity- and behavioral rules-based fraud.—Haywood Talcove, CEO, Government LexisNexis Risk Solutions
Sacramento, California (PRWEB) February 26, 2016
Pondera Solutions, a Google Enterprise partner focused on implementing fraud analytics for government agencies nationwide, announced today that it is partnering with identity analytics company LexisNexis® Risk Solutions to integrate the LexisNexis Accurint® for Government solution into Pondera Solutions’ Fraud Detection as a Service (FDaaS®) offering. FDaaS is a high-tech solution to prevent fraud and improper payments in government programs, including Medicaid, Children’s Health Insurance Program (CHIP), Supplemental Nutrition Assistance Program (SNAP), Unemployment Insurance (UI), Women, Infants, and Children (WIC), Temporary Assistance for Needy Families (TANF), Childcare and Parent Services (CAPS), and Low Income Home Energy Assistance Program (LIHEAP), as well as federal, state and local tax administration and revenue programs.
“The LexisNexis Accurint for Government solution allows Pondera to provide a higher level of service for our government clients by accessing more data at a faster rate,” said Jon Coss, Pondera Solutions Chief Executive Officer. “By layering LexisNexis’ public records data found in Accurint for Government over the FDaaS’ rules-based system, Pondera Solutions can now offer a stronger fraud filter that helps validate applicant information, supports investigations, and identifies links and associations not otherwise known. For example, the enhanced fraud filter will help detect Medicaid providers who use family members and cohorts to set up new businesses in other cities or states after they are flagged or sanctioned by healthcare payers.”
Pondera’s FDaaS is a trademarked Google-powered 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 and human intelligence with department data to quickly identify potential fraud and program risk. Because FDaaS uses machine learning and geospatial technology, it also continues to learn over time, uncovering new and emerging methods of fraud.
“We are committed to identifying and preventing fraud in government programs – a pervasive problem that costs taxpayers untold billions each year,” said Haywood Talcove, CEO, Government LexisNexis Risk Solutions. “By partnering with Pondera Solutions, we know government programs now have the benefit of a powerful solution aimed at detecting and preventing identity- and behavioral rules-based fraud.”
About Pondera Solutions:
Pondera Solutions combats fraud, waste and abuse in large government assistance programs, including Medicaid, Welfare and Unemployment Insurance. Pondera delivers a comprehensive Fraud Detection as a Service (FDaaS) solution based on Googles state-of-the-art tools. FDaaS® analyzes incoming claims using Googles predictive modeling, data mining and matching, geospatial, and search engine technologies to investigate and help prevent potential fraud before it occurs.
About LexisNexis Risk Solutions:
LexisNexis Risk Solutions (http://www.lexisnexis.com/risk/) is a leader in providing essential information that helps customers across industries and government predict, assess and manage risk. Combining cutting-edge technology, unique data and advanced analytics, LexisNexis Risk Solutions provides products and services that address evolving client needs in the risk sector while upholding the highest standards of security and privacy. LexisNexis Risk Solutions is part of RELX Group plc, a world-leading provider of information solutions for professional customers across industries.