Government
The majority of businesses have realized that we live in the “age of data”, while it seems like governments got completely lost along the way. The development of analytical tools, advanced technologies, and techniques, is enabling data processing in enormous quantities. It is making lives more convenient on both sides. Governments have always held a lot of data, but now it is time to use it properly. We can look at it like modernization of the public sector: providing solutions that weren’t available before with real-time digital and analytical approaches. This way procedures are becoming cheaper, less labor-intense, and most importantly more efficient. Different areas can be addressed – simplifying and automating processes, fighting fraud, finding anomalies, measuring the effect of various activities, etc. Yet governments must be careful about public trust with data-driven ambitions. They have to be able to guarantee protection and retention of data, within the ethical frame and public benefit intention.
PROBLEM
Governments are facing modern-day pressures. Budget reductions, population growth, destruction of communities and increasing public expectations are creating new challenges. Volume and velocity of money flows are increasing. The cost of combating crime is rising, driving governments to seek synergies between fraud prevention and anti-money laundering. Fraudsters are using sophisticated tools and methods. In 25% of the cases, they are actually insights, who know the system and are successful due to a lack of internal control measures. Governments are equipped only with outdated analysis tools, overload infrastructure, and packaged applications that can’t keep up. Data is scattered across multiple sources and processes are not automated. There is a huge amount of data that remains un-mined - governments are missing an opportunity to get insights on how approaches are working, that would change the public sector delivery.
SOLUTION
RAALS assists Government departments in their increasing requirements to provide Legal Governance and Risk Management across their complex set of processes, rules, tools, and systems. It also automates the process of retaining records from various sources for the full time of their retention periods, following regulators and GDPR as defined. The Data Consolidator functionality allows government entities to get a comprehensive view across their disparate data silos both current and historical. This information is also visualized and accessible in form of a report. Investigator Suite reduces the time and cost of identifying individuals or items of interest within a fraud case and finds potential network connections. Through news and social media, we can quickly detect if there is a relation between for example mayor of a city and a company in ownership of his relative. Monitoring of administrative and user activities prevents data leakages. With our warrant management and workflow management features, we minimize the operational costs of the solution. These features simplify and automate processes plus reduce the risks of human errors.
