Press Release
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INFOGLIDE SOFTWARE LAUNCHES NEW SOLUTION TO TACKLE IDENTITY FRAUD FOR INSURANCE
Infoglide Software's Identity Resolution Engine and Sun's Java CAPS Create New Offering for Insurers
LONDON - May 23, 2007 -Infoglide Software Corporation today announced that it will deliver a new insurance solution aimed at tackling identity fraud that incorporates technology from Sun Microsystems. The solution brings together technology and domain expertise to create Identity Focused Insurance solutions designed to enhance fraud detection while preserving customer service. The solution will have the ability to tie fraud risk analysis to the claim process in real-time and is now available in the United Kingdom.
Infoglide Software's Identity Resolution Engine™ (IRE) utilises patented Similarity Search technology to resolve the identities of people or items that are of critical interest to the insurer, even through input errors and attempts to deceive. Identity resolution software supports improved customer service, supply chain management, and claims handling by distinguishing who's who, and who knows who, within the claims process. Infoglide Software's IRE ensures that all of the insurer's data sources - including claims, employees, Special Investigation Unit (SIU) 'watch' lists, and CRM - are used to give a truly three dimensional view of all identities and entities within the claim.
Identity Resolution Engine, through its integration with Sun Microsystems' Java Composite Application Suite (CAPS) suite, can easily be applied to multiple areas of an insurer's business and is part of Sun Microsystems Claim's First Notice of Loss, recently launched at SunLive 2007.
"Infoglide Software's Identity Resolution Engine allows insurers to know who's who as they conduct business. Whether it's recognising when their customers seek to de-fraud, or when employees attempt to circumvent policies, IRE adds significant value to any insurer," says David Piesse, global head of insurance for Sun. "Coupled with the power of Java CAPS and other strategic ISV partners, we would anticipate the value of making IRE part of our global Next Generation Claims solution."
"Sun Microsystems is a recognised leader in providing powerful solutions for the insurance industry globally," says Douglas Wood, senior vice president of global sales for Infoglide Software. "Their approach to finding coherent solutions and the energy they are putting into delivering value to this market, makes this technology integration critical for us."
About Infoglide Software Corporation
Infoglide Software Corporation (www.infoglidesoftware.com)
supplies identity resolution solutions to the retail, insurance,
law enforcement, and government markets globally. Infoglide Software
enables organizations to integrate transactional data with remote
and disparate historical data to apply business intelligence to operational
decisions in real time. The company’s Identity Resolution Engine
enables organizations to understand the many variations of identities
that exist within data silos throughout the enterprise. Incorporated
in 1996, Infoglide Software is a privately held company headquartered
in Austin, Texas.
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