July 21, 2023

Episode 147: The Capital Midwest Fraud Detection podcast featuring Tod McDonald and Chris McCall from Valid8

30 minutes

In this episode of the InsuranceAUM.com podcast, host Stewart Foley is joined by Tod McDonald and Chris McCall, co-founders of Valid8, to discuss how advanced technology is revolutionizing fraud detection. Tod and Chris share the fascinating backstory of how Valid8 emerged from a high-profile Ponzi scheme case and explain how their platform helps professionals uncover fraud by analyzing vast amounts of financial data with speed and precision. From bank statements to complex financial transactions, Valid8 offers tools that streamline fraud investigations and provide transparency in areas where fraudsters typically thrive.

The discussion delves into the current state of fraud, particularly in the wake of economic dislocation and rising interest rates, where more cases are expected to surface. Tod and Chris also highlight the role of Valid8 in sectors such as insurance and healthcare, explaining how their technology assists in identifying fraud more quickly and accurately. With the integration of AI, big data, and innovative algorithms, Valid8 is paving the way for a new era in fraud detection, ensuring greater transparency and accountability in the financial world.

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