top of page
Drona Thoughts - Insights, Trends and more
Search


Navigating the Data Deluge: A Guide to Key RBI Directives on Data Handling by Banks
In the age of digital banking, Indian banks are swimming in a sea of data. Customer information, transaction records, market trends - the...
Jun 20, 20243 min read


The Drag on Efficiency: Why Legacy Data Warehouses and SQL are Hampering Batch Processes in Indian Banks
In today's competitive Indian banking landscape, data-driven decision making is no longer a luxury, it's a necessity. Banks need to...
Jun 20, 20244 min read


Standardisation of Health Records and Claims through SNOMED CT, ICD-10 and LOINC
In India's healthcare transformation journey, SNOMED CT, ICD-10, and LOINC play crucial roles as standardised languages for capturing and...
Jun 10, 20242 min read


FHIR: Simplifying Electronic Health Records (EHR) in India
What is FHIR? FHIR stands for Fast Healthcare Interoperability Resources. It's a standardised healthcare data format developed by Health...
Jun 10, 20242 min read


Streamlining Healthcare Claims: A Deep Dive into India's National Health Claims Exchange (NHCX)
The Indian healthcare sector is witnessing a significant transformation, driven by rising healthcare costs and an increasing demand for...
Jun 10, 20244 min read


The Transformative Power of AI and ML in Underwriting Health and Motor Claims in India
The Indian General Insurance industry is undergoing a significant transformation. Artificial intelligence (AI) and machine learning (ML)...
Jun 10, 20243 min read


The Power of Profiling and Analytics in Insurance Claims Processing
The Indian General Insurance industry is a significant contributor to the financial sector, Upto December, 2023 Non-Life Industry had a...
Jun 10, 20244 min read


Fraud Detection in Motor Insurance Claims: Leveraging AI
Fraudulent motor insurance claims drain resources from the Indian insurance industry, estimated in crores annually. AI and machine...
Jun 10, 20244 min read


Fraud, Waste and Abuse Detection in Health Insurance Claims: Leveraging AI
Fraudulent health insurance claims cost the Indian healthcare system crores of rupees annually. Industry estimates peg the loss between...
Jun 10, 20244 min read


Challenges in Auto Adjudication of Motor Claims
Auto adjudication in motor insurance promises faster settlements and fraud detection. However, challenges like data quality, lack of...
Jun 10, 20243 min read


Challenges in Auto Adjudication of Health Claims
Auto adjudication of health insurance claims in India holds promise for efficiency and faster payouts. However, challenges like data...
Jun 10, 20244 min read


Predicting Payment Scams using ML
Payment #scams are a growing problem, with billions of dollars lost each year. #machinelearning models can be used to predict payment...
May 30, 20241 min read


Is FraudGPT the Frankenstein of Payments industry?
The fiction we grew up with often warned about the consequences of technological advancements. Works like Mary Shelley's "Frankenstein,"...
May 30, 20241 min read


Reduce delinquency in card portfolios!
As card issuers target New to Credit (NtC) and New to Bank (NtB) customers to expand the base, it is exposing issuers to higher...
May 30, 20242 min read


ML Superheroes Vs Fraudsters Inc.
Machine Learning (ML) models are viewed as the superheroes of fraud prevention. Let’s understand why ML is taking over from rules in...
May 30, 20241 min read


Managing Default, Delinquency & Chargeoffs in Credit Cards
As credit card usage grows, the risk of default has also increased. With focus on new to credit (NtC) and new to bank (NtB) customers to...
May 30, 20241 min read


Automating Claims Processing: Revolutionizing Health Insurance in India
In the dynamic landscape of health insurance in India, the integration of Straight Through Processing (STP) and analytics emerges as a...
May 30, 20241 min read


Enhancing Fraud Prevention in Payments with Alternative Datasets
Enhancing Fraud Prevention in Payments with Alternative Datasets Alternate data has emerged as valuable assets in fraud prevention. They...
May 30, 20241 min read


Preventing a data swamp in Co Lending, Co Branding & Neobanking
Banks have leveraged Fintech & NBFC partners to grow their loan books, savings accounts, credit cards, merchant accounts and other...
May 30, 20242 min read


The challenge in Integrating Fintech partner data for a Bank
Integrating data from fintech partners presents unique challenges for banks, particularly concerning regulatory reporting. Key challenges...
May 30, 20241 min read
bottom of page