Datanomix.pro spun off its successful solution for analyzing government procurement risks into a separate startup, redflags.ai

Redflags.ai is a procurement risk management solution that uses advanced analytics to identify potential fraud and corruption in procurement processes. By automatically analyzing procurement plans, contracts, and tenders across various data sources, the system detects red flags and notifies stakeholders in real-time. This enables organizations to take timely corrective actions, maintain compliance, and foster efficient and transparent procurement operations.

Datanomix.pro has decided to spin off the redflags.ai solution into a separate company of the same name to allow the team to focus on the solution, which is in high demand in the market and brings impressive economic benefits to each customer. Vitaliy Trenkeshu, Managing Partner of Datanomix.pro, has been appointed CEO of Redflags.ai.

The solution, first launched in Kazakhstan's Financial Police in 2010, is now successfully used by the General Prosecutor's Office, Economic Investigations Service, Anti-Corruption Service, Internal State Audit Committee, and many other government agencies in Kazakhstan, as well as a number of government organizations in other countries. With its help, governments are stopping illegal deals worth millions of dollars and making government procurement fair and efficient.

Solution has received several international awards

• Global winner in the nomination of Operational Improvement
• EMEA region winner in the nomination of Operational Improvement

Finalist in the nomination of Anti-Corruption and Open Government

Finalist in the nomination of Technology Innovation Award

Prize winner of the Open Contracting Innovation Challenge 2021