Please enable JavaScript.
Coggle requires JavaScript to display documents.
How might we Combat corruption, whilst making a profit,an impact and being…
How might we Combat corruption, whilst making a profit,an impact and being innovative.
A platform that uses blockchain technology
Allows companies bidding for government contracts to submit their proposals
track the progress of their bids using a secure and tamper-proof blockchain ledger
Increases transparency and reduces the risk of corruption
by providing a public record of all transactions and decisions related to the procurement process.
How do we ensure profit?
charge a small fee to participating
companies for each bid they submit
offer premium services
Access to market research and data analytics to help companies improve their bidding strategies and increase their chances of winning contracts.
How is it Impactful?
Promote fair competition
Ultimately leading to better quality services
Reduce the likelihood of corruption in government procurement
Better infrastructure projects being
delivered to the Malaysian public
Improving living standards
Profitability
strengthening the independence of the judiciary
can increase investor confidence, promote foreign investment, and lead to more economic growth.
Impactfulness
Strenghtening Institutions
enforcing laws and regulations, promoting transparency, and holding public officials accountable
It can lead to greater trust in public institutions, increased public participation in governance, and a more just and equitable society.
Innovative
Use blockchain technology
to promote transparency and accountability by creating secure, tamper-proof records of transactions
can lead to greater trust in public institutions, increased investment, and more efficient use of resources. Innovation in the economy can lead to new products, services, and processes that create economic growth and increase competitiveness.
Forensic accounting
promote their commitment to social responsibility
providing pro-bono services to non-profit organization, volunteering in the community, and promoting ethical business practices
help build a postive reputation for the business and attract socially responsible clients
invest in technology
to improve their efficiency and accuracy in terms of data processing
for example> analysis software, forensic acc software, and cloud-base solutions
can reduce cost and offer more competitive pricing to clients
partnering with other professional
e.g., lawyers, private investigators,and cybersecurity exerts
provide clients with a more comprehensive solutions to their fraud prevention and mitigation needs
Transaction monitoring software
monitors financial transactions for irregularities or patterns that may indicate corruption.
Uses
It can flag suspicious transactions
Data collection
The software collects data from various sources, such as bank statements, invoices, purchase orders, and other financial documents
Rule-based alerts
pre-defined rules and criteria to flag suspicious transactions, such as those involving unusually large amounts of money.
Investigation and reporting
The software generates reports of suspicious transactions and provides investigators with tools to conduct further investigations, including access to relevant documents and data.
Profitability
Impactufulness
2 more items...
Innovative
2 more items...
Sale of software
Subscription-based service
frequent transactions with the same individual or organization
transactions involving high-risk countries or individuals
Conflict of interest tracking software
tracks conflicts of interest among employees and stakeholders.
can help organizations identify potential conflicts of interest and take appropriate steps to mitigate them
Profitability
Partnership with regulatory agencies:
Impactfulness
conflict of interest tracking software can have a positive impact on organizations by promoting transparency, accountability, and ethical behavior
Innovative
Natural language processing
Blockchain technology