How can fintech solutions help governments tackle fraud, error and debt?

Photo by Anna Shvets from Pexels
November 16, 2021
Global
Fintech
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Fraud and error during the Covid-19 pandemic will cost governments billions through false claims – and has highlighted the vulnerability of the public sector to fraudsters. But fraud is a deeper ongoing problem across the public and private sectors worldwide, with issues ranging from bribery and corruption through to procurement fraud, false benefits claims and grant applications.

But the trend towards digitalisation of systems and solutions creates new ways to tackle the problem, from leveraging data analytics as a fraud detection and prevention tool to the automation of due diligence and use of blockchain to bring greater transparency to procurement.

In the UK the government’s procurement agency, the Crown Commercial Service (CCS), has created a new ‘category’ for ‘Debt, Fraud and Error’ solutions, with a focus on the use of analytics and data; and, in March 2021, the agency said it was looking to ‘bring fintech to the fore’ as part of a newly created framework of ‘debt resolution’ providers.

Meanwhile, blockchain’s potential to prevent corruption in public procurement has been tested in Colombia, with a trial prompting ‘cautious optimism’ over its potential, according to a World Economic Forum (WEF) report: ‘Exploring Blockchain Technology for Government Transparency: Blockchain-Based Public Procurement to Reduce Corruption’.

In this Global Government Fintech webinar we are seeking to tackle questions such as: what is the scale of fraud and error in the public sector? Where are the opportunities for the public sector to use fintech solutions to tackle the problem? What are the barriers to fintech solutions’ adoption?

Time

USA/Canada Eastern Time (EST): 09:30 – 10:45
Greenwich Mean Time (GMT): 14:30 – 15:45
Central European Time (CET): 15:30 – 16:45
Eastern European Time (EET): 16:30 – 17:45
Singapore Time (SGT): 22:30 – 23:45
Australian Eastern Standard Time (AEST): 01:30 – 02:45

Public servants can register here for free to attend this webinar

Panel

Ivana Gordon, Head of Grants Expert Services, Government Grants Management Function, Cabinet Office, United Kingdom

Biography to follow

Juha Kuusala, National VAT Anti Fraud coordinator, Finnish Tax Administration, Finland

Biography to follow

Webinar chair: Siobhan Benita, former UK senior civil servant

Siobhan Benita was a senior civil servant with over 15 years’ Whitehall experience. She worked in many of the major delivery departments, including Transport, Environment, Health and Local Government. She also had senior roles at the heart of Government in the Cabinet Office and HM Treasury, including supporting the then Cabinet Secretary, Lord O’Donnell to lead work on Civil Service reform and strategy. Siobhan left the Civil Service to run as an independent candidate in the Mayor of London election. She subsequently joined her alma mater, Warwick University as Chief Strategy Officer of Warwick in London and Co-Director of the Warwick Policy Lab.