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SmartWorks FDS (Fraud Detection System) Version 1.1

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§ KSTEC’s SmartWorks FDS is composed of rule framework, rule simulator and rule outcome monitoring based on IBM WebSphere ILOG JRules(now WebSphere Operational Decision Manager), WebSphere Application server and DB2 technologies. three of the key components of SmartWorks FDS are as follows ; 1. Rule Framework: Business rule execution strategy management (JAVA framework). 2. Rule Simulator: Simulation System for new/change FDS business rules by champion/challenger strategy. 3. Rule Outcome Monitoring: Monitoring KPI and Reporting System Protocols used are; Java 5 EE JNDI, EJB, iBats, Apache common, FTP, HTTP/HTTPS, JSP/Servlet § SmartWorks FDS is perfectly ported to IBM Core Solution. SmartWorks FDS was validated for Insurance Industry Framework in June 2011, for SVP(Software Value Plus) for Insurance Industry Framework in Aug 2011. § KSTEC has plenty of customers and references in terms of insurance fraud detection as well as underwriting. KSTEC won an excellence award in intelligent system from the Korea Intelligent Information System Society with SmartWorks FDS in 2004. IFDS(Insurance Fraud Detection System) for Samsung Life Insurance was selected as an excellence award from the Korea Intelligent Information System Society in 2006. § SmartWorks FDS includes newly-migrated product, 'WODM(WebSphere Operational Decision Manager)', with more expanded function than ILOG Jrule's. With WODM, SmartWorks FDS can provide a convenient and efficient one-stop search to save customer's lots of time and effor.

Business information

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  • + Functional details

    SmartWorks FDS : 1. Provide monitoring and dashboard UI. Business analysis shows system's business performance and specific risk factor's status as well. 2. By monitoring new claim pattern, FDS draws new fraud claim pattern. 3. Separate real claims from false ones more quickly 4. Process real claims in a timely manner 5. Capture conditions for detecting fraud in detail 6. Follow up cases with new rules based on findings from investigations into false claims

  • + Competitive advantage

    SmartWorks FDS applies policies expressed in rules using JRules to filter out likely cases of fraud. It helps a insurance provider : 1. Separate real claims from false ones more quickly. 2. Process real claims in a timely manner Implement new filtering rules in a day. 3. Capture conditions for detecting fraud in detail. Follow up cases with new rules based on findings from investigations into false claims. 4. Automate more than 60 percent of its claims processing 5. Support effective decision making which results in agility improvement. KSTEC has been delivering ILOG solution, consulting services, technical services across industries since its foundation in 1998. A seasoned BRMS, BPM team from KSTEC ensures that customers enhance their competitiveness.

  • + Industries

    Insurance Industry
       Insurance Carriers - Life & Asset Management (L&AM)
       Insurance Carriers - Property & Casualty (P&C)
       Insurance Intermediaries
       Other Insurance, N.E.C.

  • + Customer size

    Very Small Business (Less than 50 employees)
    Small Business (50 to 99 employees)
    Midmarket Business (100 to 499 employees)
    Midmarket Business (500 to 1000 employees)
    Large Business (greater than 1000 employees)

  • + Languages supported

    Korean

  • + Countries/regions available for distribution

    Korea, Republic of

Technical information

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  • + Hardware/OS platforms

    • + Hardware

      IBM Systems: BladeCenter
         IBM BladeCenter HSxx (Intel processor-based)
         IBM BladeCenter JSxx (POWER processor-based)
         IBM BladeCenter LSxx (AMD processor-based)
         IBM BladeCenter QSxx (Cell BE-based)
      IBM Systems: Power
      IBM Systems: System z

  • + Services

    Business Solutions: Financial Management
    Consulting
    Hardware & Software Support Services
    Product Support Services
    Services: Application Management

  • + Software

    IBM Information Management
       Information Management
          DB2 Universal Database for Linux
    IBM WebSphere
       WebSphere
          WebSphere Application Server
          WebSphere ILOG JRules
          WebSphere ILOG Rule Team Server


Date last modified:    Dec 11, 2013


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Contact information

YoonSun Choi
82-31-8018-6777(ext.200)

Company

Knowledge System Technologies
5F, Pangyo InnoValley E Bldg., #622
Sampyeong-dong
Gyeonggi-do Bundang-gu, Gyeonggido 463-400
Korea, Republic of (South Korea)

+82 31 80186777

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