SureCert’s Success in the AI Innovation Challenge 2024: Tackling Fraud and Joining the CCS DPS AI Marketplace
At SureCert, we are committed to driving trust and innovation through our AI-powered solutions. We are thrilled to share not one but two major achievements: our successful completion of the prestigious City of London AI Innovation Challenge 2024 and our acceptance onto the Crown Commercial Service (CCS) Dynamic Purchasing System (DPS) AI Marketplace.
These milestones reflect our dedication to advancing secure and inclusive digital identity solutions, particularly in tackling fraud and supporting organisations across both the private and public sectors.
The Challenge: Driving AI Innovation in Financial Services
The AI Innovation Challenge 2024, hosted by the City of London Corporation in partnership with Microsoft, brought together industry leaders, experts, and innovators to address critical issues in the financial services industry. The focus was on leveraging artificial intelligence to combat fraud and streamline operations in one of the world’s most dynamic and essential sectors.
We were thrilled to participate alongside some of the financial services sector’s leading names, including Checkout.com, Clear.Bank, London Stock Exchange Group (LSEG), NatWest, Revolut, HSBC, Nationwide, and Mastercard. Representatives from these organisations collaborated with selected tech companies to explore innovative solutions addressing critical use cases.
SureCert was proud to be among the tech companies chosen to participate in the challenge. Alongside Legal-Pythia LLP, Athenian Tech, Reality Defender, Corsound AI, Sumsub, Ask Silver, Sightengine, Datambit, and iProov, we had the unique opportunity to showcase our expertise and collaborate on transformative AI-driven solutions for the financial services industry.
Our Contribution
During the challenge, SureCert demonstrated its expertise in:
- Fraud Prevention: Using advanced AI algorithms, we showcased how our platform detects fraudulent activity with exceptional precision, ensuring secure transactions and protecting both institutions and individuals.
- KYC and AML Compliance: We highlighted our automated solutions for streamlining Know Your Customer (KYC) and Anti-Money Laundering (AML) processes, reducing manual intervention and error rates.
- Collaboration with Industry Leaders: Working alongside key players in financial services, including Nationwide, SureCert emphasised the importance of partnerships in driving technological progress.
The Results: Recognition and Opportunity
Our participation culminated in a certificate of recognition from the City of London Corporation and Microsoft UK, acknowledging SureCert’s role in advancing AI innovation to tackle fraud in financial services.
This achievement reaffirms our position as a trusted leader in AI-powered solutions and paves the way for exciting future collaborations.
What’s Next for SureCert?
Following the AI Innovation Challenge, we are taking our solutions to the next level. With our recent acceptance onto the CCS DPS AI Marketplace, SureCert is now well-positioned to provide our advanced AI services to the UK public sector. This platform enables government organisations to access our expertise in secure digital identity verification and fraud prevention with ease.
SureCert Joins the CCS DPS AI Marketplace
We are proud to announce that SureCert has been accepted onto the Crown Commercial Service (CCS) Dynamic Purchasing System (DPS) AI Marketplace. This milestone is a testament to our cutting-edge AI-driven solutions and our commitment to delivering secure, efficient, and inclusive digital identity services.
The DPS AI Marketplace is a key framework designed to connect government organisations with innovative AI providers. By being a part of this marketplace, SureCert can now offer our expertise to public sector bodies across the UK, making it easier for them to access our advanced identity verification and fraud prevention services.
What This Means for Public Sector Organisations
With our acceptance onto the DPS AI Marketplace, public sector organisations can benefit from:
- Trusted Digital Identity Solutions: Our platform offers unparalleled accuracy and security, ensuring compliance with government standards.
- Streamlined Onboarding and Verification: SureCert’s AI-driven tools simplify processes such as KYC and AML checks, reducing manual effort and enhancing efficiency.
- Collaborative Innovation: Our inclusion in this framework supports closer collaboration with government bodies, enabling tailored solutions to address specific challenges.
This recognition reinforces our commitment to providing innovative AI solutions that meet the highest standards of security, inclusivity, and efficiency.
Join Us on the Journey
At SureCert, we believe innovation is a collaborative effort. We are eager to work with organisations that share our vision for a safer, more inclusive digital future. Whether you are in financial services, government, or any industry requiring robust identity solutions, we invite you to partner with us. Discover more about our AI-driven solutions by contacting us today to see how SureCert can help your organisation stay ahead.