Online Fraud

 Detection

Is Data your FRIEND or FOE ? 

OUR TECHNOLOGY

PATENT PENDING - ONE CLICK ANOMALY DETECTION

100% Unsupervised Machine LEarning Algorithms

on

100% Unlabelelled Data

ONE CLICK

Alexis technology, with multiple patents pending, is the first provider of One Click Anomaly Detection business solution to  multiple industries. 

Alexis solution is designed for business users, unlike competitive solutions that are designed for technologists. 

It is as easy as defining your Anomaly Detection problem and getting a report of Anomalies found. Then the business user acts as the human investigator to examine the Anomalies. 

UNLABELLED DATA
UNSUPERVISED ML

Other solutions require significant human intervention and the assistance in the form of data scientist for data preparation - data for training the machine learning algorithms before using the algorithms for finding Anomalies. 

 

UnLabelled data requires no human intervention to use Alexis solution to find Anomalies. 

Human investigator categorizes the discovered Anomalies as Fraud, Errors or Omissions. 

Alexis is one of the innovative solutions designed and implemented using AI / ML to find Anomalies in data using Unsupervised Machine Learning technology. 

Alexis solution finds Anomalies on streaming data (also known as change data capture). 

The proprietary technology of Alexis enables finding Anomalies on incremental addition of data to the machine learning algorithms. 

 
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Find and Eliminate Anomalies in Data

Less than 5% of your Data has Anomalies, but is worth 5% of your Annual Revenue

FRAUD

Fraud is the most expensive type of Anomaly. Fraud typically accounts for 50% of the Anomalies. 

Alexis technology has been used for multiple years and has shown to customers that ignoring Fraud has both a one-time financial loss of revenue and impacts EBIDTA margins on a recurring basis. 

OMISSION

Omission is one the most common types of Anomaly. Omission typically accounts for 25% of the Anomalies. 

Alexis technology has been used for multiple years and has shown to customers that ignoring Omission creates significant corruption of data over time. 

ERROR

Error is the one of the most common types of Anomaly. Error typically accounts for 25% of the Anomalies. 

Alexis technology has been used for multiple years and has shown to customers that ignoring Errors creates systemic issues - process and technology - in the company. 

 

Industries We Serve

Pharma Bio-Tech

Pharma companies are suffering Revenue Leakage of up to 10% because of anomalies resulting from double-discounting. Alexis is enabling growth in Bio-Tech. 

INSURANCE CLAIMS

Insurance Claims systems deal with Anomalies all the time. Alexis finds the anomalies in real-time transactions with compliance. 

MANAGED HEALTHCARE

Managed Healthcare systems deal with Anomalies all the time. Alexis finds the anomalies in real-time transactions with HIPAA compliance. 

 
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Meet The Team

Rick Parimi

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CEO and Founder

Ed Merola

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VP, Technology Solutions

Raj Chakravarthi

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Technology Fellow

David Sorin

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Partner, Chair - Venture Cap and Emerging Growth Companies Practice at McCarter & English, LLP

 

Alexis was Founded in 2019 by the former leadership team from GE, IBM, iCIMS, and Wall Street having delivered 300% revenue growth using Anomaly Detection business solutions in 18 months.

 

Alexis’ mission is to provide Predictive Modeling and Anomaly Detection, at the Speed of Business.

Venkat Karlapati

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VP, Managed Services

Thomas Rivera

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VP, Business Development

Simi Ranajee

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VP, Marketing

Peter Demian

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VP, Finance and Accounting

About Alexis Networks

 

Alexis means helper or defender and a time when your business needs it most. 

 

Our solution runs on powerful machine learning networks of algorithms delivering One Click for multiple industries. 

Our Mission

Predictive Modeling and Anomaly Detection at the Speed of Business

Democratizing AI based Anomaly Detection for Companies at Every Scale. 

Alexis Networks is a B2B subscription software solution provider of Predictive Modeling and Anomaly Detection (Online Fraud Detection) solutions. Alexis software is used to Find and Eliminate Anomalies (Fraud, Omission, Errors) in real-time. 

Alexis is solving Anomaly Detection problems for all businesses. Anomaly Detection is a problem that is putting customers hair on fire. While less than 5% of business data has anomalies, that is worth 5% of the annual revenue of a company.

 
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info@alexisnetworks.com

Tel: 609-904-3946

101 CRAWFORDS CORNER RD, HOLMDEL, NJ, 07733

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