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Aston University and NetWatch Global Partner to Automate Fraud Detection Using AI
Jan 02, 2025•over 1 year ago
Contract Type
partnership
Artificial IntelligenceAnalyticsMachine LearningNatural Language Processing
Description
Aston University is collaborating with NetWatch Global to develop experimental AI technologies into a scalable, commercial solution aimed at transforming how claims are verified in insurance and police investigations. The project aims to exploit new forms of AI and Machine Learning to tackle the growing trend of fraudulent claims, currently valued at £1.1 billion in the UK.
Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months