The UK Government has awarded Quantexa a £4 million contract to find and prevent fraud across the public sector.

The Public Sector Fraud Authority (PSFA), set up last year to help public bodies avert fraud, will work alongside Quantexa.

The PSFA aims to modernise the government’s counter fraud response and works with government bodies to modernise fraud defences using technology. It is backed by £25 million of funding and is set to reach its target of tackling £180 million of recognised fraud benefits.

Quantexa will use data and artificial intelligence (AI) to identify suspicious activity.

The government previously worked with Quantexa to prevent potential fraud during the Bounce Back Loan Scheme. This involved examining an initial set of 250 networks of people, organisations and places and processing 100 million data items.

Commenting on the news PSFA chief executive Mark Cheeseman said: “As criminals develop more sophisticated tools, we too must innovate and modernise our approach to prevent fraud.”

He added: “By bringing together expertise and tools from the public sector and private sector we will raise our ambition and challenge ourselves to increase our impact on this often unseen and underestimated crime.”

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