We are Smart City Steroids
We are a procurement finance fraud detection
The problem we are solving is
procurement fraud
Let's look at an example
2010 Commonwealth scam happened in India
10.5 billion dollars, per taxpayer money
It's a global problem
3.7 trillion dollars lost due to fraud
mostly procurement fraud
It happens because of two main reasons
Untrusted suppliers, shell com- shell companies
taking part in the bidding process often
leading to money laundering
and the purchase fraud -
sellers trying to create inflated pricing
in order to claim payments
We solve this problem
by providing verified "Know Your Supplier" across the globe
We provide real time fraud detection
of transaction across the suppliers
We are compliant with the industry's
best standard for procurement policies
Our primary target audience is
international funds- funding agencies
We are focusing on Asia but
will expand to Africa and America
The total market size 
we are looking is 42.6 billion dollars
for fraud detection and prevention by 2023
This is how the product works
We gather the annuity information
as well as a procurement history
and we feed it to an AI
They spit out a risk score
which we can use it to
see how risky is this
Generally, in the context of
infrastructure projects
government supply loan to
international funding agencies
they get the loans
and the money is transferred
to the financial institutions
We work with the financial institutions
to obtain all these transactions using open banking API
We put it on the blockchain
and then the regular transactions happen off the chain
using regular banking channels
And we just- we just record them
We run an AI on top of it
to see if there's suspicious activity
and report it back to the governments
They can use it to verify
Let me walk you through a demo
So
as a bank I can see all the-
all the loans I've just applied
to the different governments
I can see by the country,
the sector, the amount of money
Let's take an example
There was a- there was a loan given to
Delhi government for building
infrastructure project
They did the tendering, they got the suppliers
but I as a bank want to see how this is risky for me
So we show you a risk score
and you can show see all the procurement history
We provide this right away
We also provide a
payment trail across the supply channel
and then we run an AI on top of it
to get the red flags which can be help-
which can help you to further investigate
We talked to all the stakeholders in the ecosystem -
the city planning, the suppliers, the private banks, the public organization -
all think there is a market need and there is no all-in-one solution
We're better than our competitors
because we offer decent
cost-effective decentralized
payment auditing trails
which is compliant to regulations
We are partnering with- we are applying for the ADB sandbox program
We'll build a product, we'll launch it in three countries -
Philippines, Indonesia, Hong Kong -
because they support our banking APIs
Our enterprise SaaS license
is 100,000 per year per project
and capped at 1 million transactions
and post-1 million transactions is 25 cents per transaction
We'll start making money from year 2
and then we'll scale upwards
because we'll build once and deploy everywhere
We're a strong team of four
having background in blockchain, machine learning, business and procurement
We are Smart City Steroids,
procurement finance fraud detection platform
We help you to know better and act faster
Thank you very much
