Charles Taylor InsureTech partners Fraud Keeper

InsurTech Charles Taylor has entered into a strategic partnership with Fraud Keeper, an AI-driven fraud detection solutions provider, acquiring a majority share of the company.

Fraud Keeper, based in Argentina and with a presence in Spain, claims to have developed an automation and AI-driven SaaS platform that helps insurers detect, prevent and manage fraudulent transactions in real time.

The company has been operating for more than 20 years and has built up a large client base in Latin America.

Charles Taylor said the strategic partnership would enable Fraud Keeper to expand into new markets and client situations globally.

In a bid to combat the multi-billion dollar cost of fraudulent claims globally, Fraud Keeper’s fraud detection software triages, validates and fast-tracks genuine claims, with automated claims payment functionality to reduce the claims lifecycle.

Commenting on the partnership, Lautaro Mon, chief product officer at Charles Taylor InsureTech, said: “This is a significant step in our strategy to invest in innovation that helps our insurer clients compete in today’s fast-moving market.

He added: “The Fraud Keeper technology, combined with our own market-leading suite of products, will be a game-changer for insurers in the fight against fraud. We believe that AI will play a key role in the future of insurance and will be a pillar of our March product launch event.”

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