Analytics Software helps reduce application review time.July 26, 2007 -
Eliminating unnecessary manual reviews, ID Score®-Optimizer enables organizations to focus on those applications that actually do require manual intervention, increasing organization's bandwidth for processing legitimate applications without inconveniencing customers. Once applications have been flagged for manual review, it uses analytics based on 4 mil data queries to determine effective data sources and queries to validate particular application issue.
(Archive News Story - Products mentioned in this Archive News Story may or may not be available from the manufacturer.)
Original Press release
ID Analytics, Inc
PO Box 502833
San Diego, CA, 92150-2833
USA
ID Analytics Announces Availability of ID Score®-Optimizer to Reduce Application Review Time and Improve Customer Experience
ID Score-Optimizer Cuts Manual Reviews in Half, Saves Time and Leads to More Consistent Decision-Making
SAN DIEGO, June 5 / -- ID Analytics, Inc., the leader in Identity Risk Management, today announced availability of ID Score-Optimizer, an advanced analytics solution that can reduce the costs of manual reviews of applications by approximately 50 percent. By eliminating unnecessary manual reviews, ID Score-Optimizer enables organizations to focus more attention on those applications that actually do require manual intervention, increasing an organization's bandwidth for processing legitimate applications without inconveniencing customers.
Once applications have been flagged for manual review using an organization's existing systems or ID Analytics ID Score-Risk, ID Score-Optimizer uses proprietary analytics based on four million data queries to determine the most effective data sources and queries to validate a particular application issue. As a result, organizations can minimize subjectivity and reduce the time and costs associated with manual review processes. In fact, up to 75 percent of applications that previously required individual attention can now be automated.
"Our clients are pleased with the performance of ID Score-Optimizer because it efficiently sifts out the riskiest applications, and reduces customer friction introduced by manual reviews. We don't have to subject legitimate customers to unnecessary verification, which can cause them to abandon the process," said Mike Cook, chief operating officer and vice president of product for ID Analytics, Inc. "With ID Score-Optimizer we're able to help them to save time and money to capitalize on new revenue- generating opportunities."
About ID Analytics, Inc.
ID Analytics, Inc., the Identity Risk Management company, owns and operates the ID Network(TM), the nation's first and only real-time identity fraud prevention system. ID Analytics' clients, which are also ID Network Members, span the financial services, telecommunications, e-commerce, healthcare, utility, retail, government, and consumer sectors. With an exclusive focus on stopping identity fraud, ID Analytics has built proprietary pattern recognition technology within the ID Network to find suspicious behavior patterns across multiple organizations and industries. As a result, ID Network Members lead their industries in preventing identity fraud, protecting consumers, and improving the consumer experience.
Source: ID Analytics, Inc.
CONTACT: Karen Behrman of ID Analytics, +1-858-312-6244, kbehrman@idanalytics.com
Web site: http://www.idanalytics.com/
|
|
|
|
|
|
|
| 
