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By Stephanie Kanowitz May 17, 2021 New government economic recovery programs jumpstarted during the COVID-19 pandemic also rapidly increased opportunities for fraud. One reason is that to get benefits to people quickly, legislators eliminated the usual methods for confirming identities with employers before cutting checks, said Brian Grech, vice president of sales at Deep Labs, an AI platform company providing solutions for fraud. Traditionally, when someone applies for unemployment insurance (UI), the providing agency confirms the layoff with an employer. In the rush to push out relief funds, the Coronavirus Aid, Relief, and Economic Security (CARES) Act and Paycheck Protection Program (PPP) instructed agencies to deliver stimulus payments to self-employed and contract workers who don’t have employers to confirm a layoff. ....
Deep Labs Partners with Snowflake to Deploy Private Sector Solutions to Mitigate Public Sector Fraud Share Article SAN FRANCISCO and SAN MATEO, Calif. (PRWEB) May 11, 2021 Deep Labs, a leading Artificial Intelligence (AI) platform company, today announced a partnership with Snowflake, the Data Cloud company, to help federal agencies prevent and mitigate fraud, waste, abuse and mismanagement (FWAM). This partnership delivers holistic solutions that address the public sector’s urgent need to modernize the detection of waste of taxpayer dollars, just as the legislative response to the global pandemic is creating large and persistent new categories of federal spending. Deep Labs’ persona-based intelligence uses data to create an advanced understanding of how both good and bad actors behave over time, based on multi-dimensional and contextual relationship signals. Personas honed in the private se ....
Deep Labs Appoints Reginald Van Lee as Chairman Share Article Reginald Van Lee appointed Chairman of Deep Labs as company continues to grow persona- based intelligence® platform. SAN FRANCISCO (PRWEB) February 16, 2021 The Deep Labs Board of Directors has appointed Reginald Van Lee as Chairman to guide Deep Labs’ continued development as an AI market leader. Mr. Van Lee brings considerable expertise in deep analytics. “His appointment comes at a critical time in our company’s trajectory as we rapidly scale our business and expand in both the public and private sectors,” said Scott Edington, CEO of Deep Labs. Van Lee, currently the Chief Transformation Officer at the Carlyle Group, has over 35 years of experience solving pressing challenges for some of the world’s largest multinational corporations. Prior to his current role, Van Lee was the Head of Commercial Business and Exec ....