Carpe Data, Hastings Direct Deepen Partnership to Enhance Fraud Detection

Hastings Direct increases commitment to fighting insurance fraud with Carpe Data’s claims solutions, enhancing processing efficiency, loss reduction, and customer satisfaction.
BusinessWireOctober 1, 20243 min

Carpe Data, a leading provider of next-generation data solutions for the insurance industry, is excited to announce the expansion of its partnership with Hastings Direct, a prominent UK-based insurance provider. This evolution marks a significant milestone from a successful pilot to a trusted, long-term relationship focusing on innovation and mutual growth.

What initially began as a pilot of Carpe Data’s claims solutions to unveil previously undetected fraud across all injury claims has since proven an exceptional partnership between Hastings Direct and the online insights provider. Carpe Data’s Online Injury Alerts have become instrumental in reducing loss expenses for Hastings and accelerating the claims resolution process, showcasing the power of AI and online data in transforming insurance operations.

Matthew Stevens, Anti-Fraud Director at Hastings Direct, added, “We invest considerably in data and technology to fight fraud. Expanding our use of Carpe Data fits with our strategy squarely. I am excited to see how this growing relationship helps us further protect our good and honest customers and, in turn, saves customers money.”

The partnership is set to reach new heights as Online Injury Alerts becomes an integral component of Hastings’ counter-fraud strategy. The seamless integration of these advanced tools into Hastings’ workflows is anticipated to bring unprecedented value to the insurance provider, further solidifying its position as a leader in the fight against fraud and enhancing operational efficiency across the board.

“We are thrilled to see our relationship with Hastings Direct grow from a pilot project to a cornerstone of their fraud detection efforts,” said Geoff Andrews, COO of Carpe Data. “This partnership is a testament to our commitment to delivering innovative solutions that not only detect fraud more effectively but also transform the insurance landscape for the better.”

Stay Ahead of the Financial Curve with Our Latest Fintech News Updates!

BusinessWire

newOriginal-white-FinTech1-1

We are one of the world’s leading Fintech-based media publication with our content strategized and synthesized to fit right into the expanding ecosystem of Finance professionals. Be it fintech live news, finance press releases, tech articles from Fintech evangelists or interviews from top leaders from global fintech firms, we give the best slice of knowledge topped up with the aptest trends. Our sole mission is to help tech and finance professionals step up with the rapidly emerging Fintech civilization and gain better insights to emerge victorious in every possible way. We adopt a 360-degree approach in order to cater to present a holistic picture of the fintech arena.

Our Publications



FintecBuzz, 2024 © All Rights Reserved