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Kennedys and University of Manchester team up against fraud

Date: November 24, 2017 Published by Leave your thoughts

Dispute resolution law firm Kennedys and the University of Manchester will develop next-generation fraud prevention software for the benefit of insurers.“With assistance from the University, the two-year project will see us combine our existing fraud expertise and international data sets to develop machine learning techniques,” announced Kennedys. “We will then pass these on to help our global insurer clients to better detect and manage fraud.”The academic team from the University of Manchester consists of Decision and Cognitive Sciences Research Centre (DCSRC) director Jian-Bo Yang and professor of decision science and support systems Dong Ling Xu.“We are confident that we can help Kennedys improve its current system,” commented Yang, who also serves as professor of decision and system sciences. “The key is to try and develop a hybrid system where you can use both big data and human knowledge in deep learning to tackle the problem, which we call transparent machine learning.“In this way you can explain exactly why you reach your decisions.