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About Cognyte
Cognyte is the global leader in investigative analytics software that empowers a variety of
government and other organizations with Actionable Intelligence for a Safer World
TM
.
NEXYTE, Cognyte’s decision intelligence platform, is designed to accelerate decision-making and
boost financial investigations through multisource data fusion and machine learning analytics.
NEXYTE enables financial authorities to boost their investigation processes and risk assessment,
reducing costs and helping to recover more illicit funds.
NEXYTE provided advanced data analytics and a risk
scoring model with 85% accuracy, which led the tax
authority to discover and prioritize audit candidates,
resulting in more than double the tax collection from
e-commerce platforms, as compared to the prior year.
One example that contributed to this increase in tax
collection was the detection of a new trend of fashion-
related sellers in online marketplaces. NEXYTE’s machine
learning algorithms correlated the sales rates and the
reported income of top sellers with high-risk candidates,
allowing investigators to identify a group of sellers that
had engaged in tax avoidance for the past two years.
OUTCOME
SOURCES INSIGHTS
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Tax records New leads
Financial transactions
Automatic risk scoring
National registries
Hidden financial links
Police and judicial reports
Open source Patterns / Anomalies
PLATFORM
.
.
.
.
.
.
results
revenue
collection from
e-commerce
2X
Website
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how NEXYTE
can detect
more fraud,
faster >>