Proactive Risk Management Identified $6 Million in High Risk Transactions

Case Summary

Evaluated and identified fraudulent third party commissions for a Telecom giant.
Data Analytics used to prioritize high-risk transactions and reduce investigative backlog.
Enhanced organizational compliance.

Challenge

A global telecommunications company reached out to us with a serious financial concern. The commissions paid to third parties was riddled with excess payments, duplicative commissions, fake recipients, and other forms of fraud, waste and abuse.

Solution

When the company approached us, we knew identifying high-risk transactions and enforcing compliance was the key. Using Data Analytics, the team processed 100+ million transactions, assigning risk scores and prioritizing high-risk commissions payments.

Our Data Driven Approach Flagged Transactions Based on:

Unusual requestors
Recipients outside the contractor’s hometown
High frequency of modifications to the records
Multiple transactions on the same day
Recurring and identical transactions/duplicates
Round number transactions and statistical outliers
Geo-spatial analysis

Results

100+ Million
Transactions Processed

$6 Million in High-risk
Transactions Identified

33% Reduction in
Investigative Backlog

With the help of konaAI’s interactive dashboards and risk-prioritized transaction insights, the company was able to identify and prevent transactions amounting to several million dollars. As a result, the compliance team was then able to