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About Risk Detect
Risk Detect is a risk management software from PwC that provides insights for organizations navigating uncertainty. It combines leading through uncertainty in the age of AI, looking a decade ahead to create value today, and providing sharp takes on what’s next so organizations can make informed decisions. This solution allows users to foresee potential risks and opportunities, helping them strategically position themselves in a rapidly changing environment. Risk Detect supports organizations in mitigating risks while using future trends to drive success. Key capabilities: AI-driven risk insights Long-term value creation strategies Proactive risk assessment Comprehensive scenario planning Industry-specific recommendations Best for: organizations that need to manage risks effectively and strategize for future growth.
Risk Detect by PwC is not a traditional software package, but a sophisticated, technology-enabled capability designed to transform how organizations identify fast-moving, complex threats. It focuses on preemptively spotting anomalies in critical vectors like economic crime, e-commerce fraud, and compliance breaches, ensuring risks are neutralized before they escalate. This proactive detection aligns with PwC’s overarching goal to help clients see risk clearly and turn protection into a catalyst for growth. This high-precision detection is fueled by Advanced Risk Technology, specifically Artificial Intelligence (AI) and comprehensive Risk and Data Modelling. The service combines these digital tools with Forensics and the deep expertise of 26,000 risk specialists to provide continuous, real-time visibility. The service is typically engaged as a Risk Managed Service, targeting senior leaders—the C-suite, Compliance, and Internal Audit teams—across large global enterprises. While specific pricing for Risk Detect by PwC is customized and not publicly available, its value lies in transforming raw data into strategic, preemptive action. Organizations seeking a quotation should contact Patrice Morot, Global Client Partner.
Pros & Cons
- Strong vendor credibility: PwC is a globally recognised firm in risk, audit and compliance.
- Advanced analytics/ML features help reduce manual effort and false positives.
- Integration capability with enterprise systems (ERP/CRM) supports real‑world deployment.
- Transparent audit trail supports governance and compliance.
- Global availability and multi‑industry applicability (insurance, life sciences, corporate) as per product description.
- High dependence on accurate and clean data for effective fraud detection.
- Learning curve for teams unfamiliar with advanced analytics or AI tools.
- Updates or new features may depend on PwC consulting cycles, not immediate.
- Limited publicly available case studies on ROI or measurable impact for smaller clients.
- Advanced analytics may require trained personnel to interpret outputs correctly.
Features
Key features
Uses advanced analytics and machine learning to detect fraud, corruption and compliance issues across structured and unstructured data sources.
Provides real-time alerts and investigative tools to flag high-risk activity early such as claims fraud or policy fraud.
Configurable to integrate with ERP, CRM, and other enterprise systems for seamless data intake.
Maintains a clear audit trail of flagged items and methodology to support governance and compliance.
Allows users to create customized workflows and dashboards for investigation and reporting.
Additional features
Detects fraud and corruption across multiple industries such as insurance, life sciences, and corporate payments.
Reviews structured and unstructured data to identify potential risks.
Uses AI and ML to reduce false positives and improve detection accuracy.
Integrates with ERP, CRM, and other business systems for data connectivity.
Records methodology and flagged items to maintain accountability.
Offers dashboards and reporting tools tailored to organizational needs.
Pricing
Countries & Languages
Interface languages
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About Risk Detect
Risk Detect is a risk management software from PwC that provides insights for organizations navigating uncertainty. It combines leading through uncertainty in the age of AI, looking a decade ahead to create value today, and providing sharp takes on what’s next so organizations can make informed decisions. This solution allows users to foresee potential risks and opportunities, helping them strategically position themselves in a rapidly changing environment. Risk Detect supports organizations in mitigating risks while using future trends to drive success. Key capabilities: AI-driven risk insights Long-term value creation strategies Proactive risk assessment Comprehensive scenario planning Industry-specific recommendations Best for: organizations that need to manage risks effectively and strategize for future growth.
Risk Detect Details
Risk Detect's In-App Market Place
Does Risk Detect have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
N/A
Pricing Options
Accepted Payment Currencies
USD ($), EUR (€), GBP (£), JPY (¥), CAD ($), AUD ($)
Pros & Cons
- Strong vendor credibility: PwC is a globally recognised firm in risk, audit and compliance.
- Advanced analytics/ML features help reduce manual effort and false positives.
- Integration capability with enterprise systems (ERP/CRM) supports real‑world deployment.
- Transparent audit trail supports governance and compliance.
- Global availability and multi‑industry applicability (insurance, life sciences, corporate) as per product description.
- High dependence on accurate and clean data for effective fraud detection.
- Learning curve for teams unfamiliar with advanced analytics or AI tools.
- Updates or new features may depend on PwC consulting cycles, not immediate.
- Limited publicly available case studies on ROI or measurable impact for smaller clients.
- Advanced analytics may require trained personnel to interpret outputs correctly.
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