London, 6th September 2016: Contego, the multi-source fraud detection platform, today announced that it has been selected to be part of the government’s G Cloud 8 Framework, a procurement platform that pairs cloud-based service providers with public sector organisations. Contego has joined a list of accredited suppliers under the Software as a Service (SaaS) category.
Contego currently helps banks, Fintech and property firms to reduce the risk of fraud and improve and automate compliance, Anti-money Laundering (AML) and Know Your Customer (KYC) checks and processes.
As a government accredited supplier, Contego will be able to help local and government services to solve their complex identity verification checks, expediting and improving processes and ultimately reducing fraud. Furthermore, Contego’s single risk scoring platform can handle complex, multi-source fraud detection and checks in real-time, all delivered via a single API.
Prior to the G Cloud 8 Framework being introduced, government departments had to go through a painstaking and time-consuming process to find the right cloud suppliers, rigorously checking that each one was fit for purpose.
In response to government services shifting online and become increasingly reliant upon cloud-based solutions, the G Cloud 8 Framework was created to enable the public sector to seek guidance on cloud solutions, find accredited suppliers quickly and create simpler, clearer contracts for ‘the digital age’. The web-based platform offers a more efficient way for cloud suppliers and government departments to work together.
To achieve the G Cloud 8 Framework accreditation, Contego undertook a thorough analysis and review of all their technical processes, submitting detailed company and technical information including Contego’s certification to the ISO 27001:2013 information security standard. Contego is committed to meeting the highest standards of security; Contego also recently achieved the Cyber Essentials PLUS certification, a government backed, industry supported scheme to help organisations protect themselves against cyber attacks. A customisable solution, the Contego platform can adapt to the latest industry changes, from regulation to technological advancements.
Adrian Black, CEO, Contego, said: “We are really pleased to have achieved the G Cloud 8 Framework accreditation. We are very keen to help government departments fight fraud and enhance their processes around automated identity verification. We are already working on projects to improve processes by carrying out real-time ID verification, accelerating approval and referral decisions whilst optimising the customer journey through online application forms.
Building on our extensive work within the property sector, we see immediate potential in streamlining housing department processes and reducing fraud in relation to housing benefit. This will not only accelerate the application process but reduce fraudulent claims.”
Sarah Durrani / Robert Pinto-Fernandes, Streets Consulting
Tel: 020 7959 2235
Notes to editors*
Launched in 2011, Contego is the only comprehensive risk scoring platform that can handle complex multi-source fraud detection and compliance checks at high speed, delivered in a single view, through one easily-integrated API.
For the past five years, Contego’s team of fraud and technology experts has helped the banking, FinTech and property sectors to reduce the risk of fraud and make compliance checks and processes, such as AML (Anti Money Laundering) and KYC (Know Your Customer), as frictionless as possible.
Contego delivers a comprehensive and holistic view of both people and companies, so that banks, FinTech and property firms can instantly make crucial, data-driven decisions about how and with whom they do business.
To find out more, please go to: www.contego.com or follow us on Twitter @Contego.
About Adrian Black, Founder & Chief Executive Officer, Contego
As Founder and Chief Executive Officer, Adrian is the driving force behind Contego, working hard to reduce the risk of fraud and compliance costs in the banking, FinTech and property sectors. Contego provides a comprehensive risk scoring platform that can handle complex multi-source fraud detection and compliance checks at high speed, and deliver a single view via an easily integrated API.
Adrian has built a strong leadership team of business development, operational and technology experts, and has secured partnerships with a number of well known, household brands including: Foxtons, LendInvest and Westfield Shopping Centre.