European Tax Office

Recovering Lost Revenue and Improving Transaction Surveillance.

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The Problem:

The client was experiencing significant annual losses of tax revenue due to fraud, money laundering and terrorism financing.

The Solution:

We developed a solution that ingested and consolidated complete, real-time data at up to 100TB/day including additional unstructured data (comprising Facebook, Twitter, email). The system provided analytical capabilities across the consolidated financial Big Data to identify suspicious transactions.

The Benefit:

The client was able to recover lost tax revenue in addition to reducing fraudulent transactions, money laundering and financing of terrorism.