, founder and CEO of redflags.ai
, gave a presentation on the company’s experience in eliminating corruption in public procurement in Kazakhstan using innovative technologies, as well as involving citizens in the monitoring of procurement processes.
The problem of dishonest public procurement in Kazakhstan is very acute: due to various offenses, the country’s budget loses about 470 million US dollars annually. It is very difficult to control procurement, because every year the government enters into more than 1.5 million contracts with more than 80,000 suppliers.
The redflags.ai company has developed an analytical system that allows you to automatically identify signs of wrongdoing and place red flags next to suspicious transactions - tags that focus auditors’ attention on risky transactions and allow them not to waste time checking thousands of applications, focusing only on transactions with high risks.
The system updates more than 100 million rows from 5 data sources daily, analyzing tender documentation, payment data, tax data and other information.