On this week’s episode of News & Views, The Fintech Times Podcast team speak about the success of the ‘Investing in Women Code’ and insurance claims handlers have noticed an increase in AI-enabled fraudulent cases since the cost-of-living crisis hit.
Once again, the team were a man down without Francis, leaving Tom and Polly to break down the latest goings on in the fintech world. Kicking things off, Tom explored new research from claims automation company, Sprout.ai, which revealed that 65 per cent of insurance claims handlers have noticed an increase in fraudulent cases since the beginning of the cost-of-living crisis.
Polly questioned the impact of socio-economic factors when it comes to low-value fraudulent claims, and whether a longer-term solution exists to combat rising fraud levels. Next, the duo discuss whether AI can successfully be used by firms to combat AI-enabled fraud.
Polly took charge of the second article of the podcast, as she discussed that venture capital fund managers who have signed up for the ‘Investing in Women Code’ programme were more likely to invest in female founders for the fourth straight year. Both Tom and Polly share enthusiasm about the programme but ask what more can be done to close the gap between male and female-founded businesses.
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And don’t forget to check out the articles discussed below:
Investing in Women Code Signatories Outperform Wider Market for Fourth Straight Year
Insurance Claims Handlers Wary of AI Being Used to Alter Documents Reveals Sprout.ai
