AegisAI

AegisAI - The Shield AI-powered fraud detection that saves time, cuts costs, and enhances security

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AegisAI

The ultimate fraud detection and prevention system

🚀 Overview

AegisAI is an advanced AI-powered solution designed to detect fraudulent claims using cutting-edge machine learning, computer vision, and AI-driven insights. Our system verifies the authenticity of images, invoices, and metadata while providing a comprehensive risk assessment. By reducing human intervention and effort, AegisAI helps businesses save time and resources while ensuring security and accuracy.

💡 Inspiration

Fraudulent claims cost businesses billions of dollars every year, increasing operational costs and insurance premiums. We wanted to build a solution that leverages AI to automate fraud detection, making it easier, faster, and more efficient for companies to verify claims.

🤖 What It Does

AegisAI automates fraud detection by:

  • Verifying image authenticity and metadata.
  • Matching image data with dynamic web scraping.
  • Checking invoice legitimacy using AI-powered OCR.
  • Aggregating results with an LLM-driven risk assessment.
  • Providing businesses with a fraud risk score to streamline decision-making.

🏗️ How We Built It

  • Machine Learning & AI: We fine-tuned Vertex AI models for image classification.
  • Computer Vision: Used Cloud Vision API and OCR for invoice validation.
  • Web Scraping: Implemented SerpAPI to extract image references for comparison.
  • Hashing Techniques: Used Perceptual Hash, Wavelet Hash, Color Moment Hash, and Average Hash for similarity analysis.
  • Mathematical Modeling: Designed risk assessment models based on historical fraud patterns.
  • Cloud Infrastructure: Hosted the system on a scalable cloud platform to handle large volumes efficiently.

🚧 Challenges We Ran Into

  • Ensuring high accuracy while balancing computational efficiency.
  • Fine-tuning AI models to minimize false positives and negatives.
  • Integrating multiple hashing techniques for better image similarity detection.
  • Automating invoice validation without manual intervention.

🏆 Accomplishments That We're Proud Of

  • Developed an AI-powered fraud detection system that reduces human intervention.
  • Achieved a low-cost verification model, operating at just 1 cent per search.
  • Successfully integrated multiple AI-driven verification techniques into a unified solution.
  • Created a scalable system that can handle large data volumes efficiently.

📚 What We Learned

  • The importance of combining multiple fraud detection techniques for better accuracy.
  • How to leverage AI for automating complex document and image verification tasks.
  • The role of metadata in detecting fraudulent claims more effectively.

🚀 What's Next for AegisAI

  • Expanding risk assessment models with more real-world fraud data.
  • Integrating blockchain-based verification for tamper-proof document validation.
  • Enhancing image verification models with deep learning advancements.
  • Building partnerships with insurance companies and financial institutions to implement AegisAI in real-world scenarios.

🛡️ Features

AI vs. Real Image Classification 📸

  • Fine-tuned Vertex AI model determines if an image is AI-generated or real.

Image Authenticity Verification 🔍

  • Matches images against text descriptions using AI web scraping and SerpAPI.
  • Reverse image search and similarity analysis using:
    • Perceptual Hash
    • Wavelet Hash
    • Color Moment Hash
    • Average Hash

Metadata Verification 🗂️

  • Extracts and validates metadata to check if the image date matches the incident date (within 20 days max).

Invoice Authentication 🧾✅

  • Uses Cloud Vision and fine-tuned OCR models to detect fraudulent invoices.
  • Mathematical verification ensures calculations match.
  • Cross-checks invoice details with user information.

LLM-Powered Context Analysis 🤖📊

  • Aggregates all findings to generate a detailed AI-driven insight.

Risk Factor Score ⚠️

  • Displays a risk score in the top left box.
  • Uses a mathematical model to predict the likelihood of repeated fraud based on past behavior.

💼 Business Benefits

Cost-Effective 💰

  • AegisAI operates at approximately 1 cent per search for web scraping, making it an affordable solution for businesses.

Reduces Human Effort 🏢

  • Automates fraud detection, minimizing manual verification and reducing operational workload.

Enhances Security 🔐

  • Provides businesses with real-time fraud risk analysis, preventing losses due to fraudulent claims.

Scalable and Fast ⚡

  • Processes large volumes of claims efficiently, making it ideal for insurance companies, financial institutions, and regulatory bodies.

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