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A 5-step process using proven algorithms

 

The B4 methodology

Set-up, Execute, Clarify, Condense, Resolve

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#15 Just do it … but be prepared!

By Journey

Let’s face it – all of us are afraid of technology to some degree, from minor hesitation to upgrade an app to major panic when our Teams or Zoom presentation in a live webinar fails. Yes, technology has taken over, but we need to ensure it serves us the way we want.

Choosing data wisely

Resolving fraud is simple when you use the RIGHT data. As of now, it is not possible to physically visit remote locations far away in order to understand indications of fraud. It also means that you have to use data to a much larger extent than we have done in the past, with the intention that resolution will improve your company’s financial performance. With this in mind set-up is also about getting the practicalities of data right, so you can ensure that you have enough data.

We have developed three basic steps to help you choose wisely:

  1. Undertake some ‘casting’ and only involve people who you really need
  2. Arrange the data in a manner that ensures you really can gain something from what you uncover
  3. Prep yourself and open up your mind to interpret, but moreover, believe the results.

You may ask how we deal with the data streams at B4 Investigate. We work with three sets of ‘right’ data:

  • Data streams that come out of B4 Aim or B4 Lightning Aim
    … to understand the context for the organisation
  • Data streams that come out of our Fraud Detective Challenge
    … to discover what kind of fraud detective you are.
  • Key money flows from B4 PreCrime
    … with data streams from ERP and similar systems

The end result is money from wasteful costs is recovered (or better still not spent in the first place), your company culture is improved, and your leadership truly reflects an organisation that leads and stand up to the UN Sustainable Development Goal.

The Fraud Detective School is coming to you!

We are now refining our learning approach with Fraud Detective School Masterclasses, a series of virtual-led online courses to suit all levels with our mission to “Change the world with us TODAY!” In the first wave we will provide two tracks; “Becoming a Fraud Detective” and “Becoming a Fraud Data Scientist”.

More information is published on: https://b4investigate.com/fds/

#B4 Events – The Mountains Are High and the Emperor is Far Away

By Event

How to pinpoint and resolve fraud in places far away from your head office *Chinese proverb (shān gāo, huángdì yuan) thought to have originated during the Yuan dynasty about the fraud which takes place when the bosses cannot see what is going on. 

Together with AsiaVerify

Thursday 22nd April 2021
(09.00 – 09.50 Central European Time)

Discover and learn:

  • Remote fraud detection and investigation in the post COVID era. Leverage the power of your own teams with local insights into countries where you have business and operation which you cannot easily reach.
  • Protect your enterprises and ventures in China: The organisation of corporate data in China, how privacy protects the individual. How to protect your own organisation by doing business with the companies and people you can trust, by verifying their credentials in a real time and legal manner.  Live demonstration and feel free to bring your own examples*.

*The world is changing and should always adapt to progress. As part of this workshop all delegates will receive 14 days access to AsaVerify’s portal so you can perform your own instant due diligence into any companies on the Chinese mainland in either Chinese or Roman alphabet.

Facilitated by:

  • Ficoal Dong (AsiaVerify)
  • Nigel Iyer (B4 Investigate)
  • John Wallhoff (B4 Investigate)
  • Kevin Fu (AsiaVerify)

#B4 Events – The B4 Pilots Community – Navigate Fraud

By EventNo Comments

The B4 “Pilots” Community

Roundtable Discussion for B4 clients only

Monday 19 April 2021
(15.00 – 15.50 Central European Time)

Discussion topics

  • Effective ways to train my organisation to recognise fraud
  • How do we asses fraud risk early and detect it
  • Investigations in the post COVID era

We rely on your feedback to keep pushing us to improve. We will also give you a preview of some of the new developments and features.

Facilitated by John Wallhoff and Nigel Iyer

The B4 Pilots Community is where B4’s customers and B4 PreCrime subscribers can meet their peers, share experiences and learn from one another, as well as tell us what to do next!

#14 Resolve fast

By Journey

We welcome the wave of increasing whistleblower protection that is sweeping across Europe.  People who speak up about fraud should always be able to do it without fear. At the same time, we should focus on more effective ways to discover and resolve fraud early ourselves.

Recognise and resolve fraud…and keep calm!

When we are told we have been defrauded, we tend to react in one of two ways. Either we stay in denial as long as we can, and maybe beat up the messenger a bit, or when we are convinced that we have been cheated, our blood pressure goes up…we get angry, feel abused or even betrayed.  Very rarely do we sit back calmly and say to ourselves “well…after all there is so much fraud around in the world, and we have not taken it seriously enough until now…so something like this was bound to happen…. but it’s a good lesson and we can learn from it, once we have resolved the current situation at hand”.  Instead, even though we know deep down what a mature approach is, our most common knee-jerk reaction is a sledgehammer one flavoured with zero tolerance: Find and punish the culprits, find them NOW…and show no mercy whatsoever!

But lets us do a quick reality check. Six percent of world GDP in 2019 tells us that the cost of fraud in organisations is rather common.  So, unless we take specific steps to nip it in the bud early, then it´s part of life, similar to the litter we don´t want on our doorstep or the unnecessary mess in our kitchens.  We can have as many rules against it as we like, but if we too don´t do anything about it ourselves too, then it’s going to happen.

When it comes to fraud in organisations, “resolving it fast” is about each and every one of us having our ears to the ground, helping to recognise it, and containing the damage before it spreads.  In this way every organisation will recognise, react to, and resolve fraud before it leads to lots of non-essential costs or even collapse.

Are you a fraud detective who wants to help in cleaning up fraud too?

We firmly believe that everyone is a competent fraud detective, just like everyone can pick up litter and put it in the bin or keep the office-kitchen clean!  From years of experience, we have noticed that there are different Fraud Detective types.  So why don´t you take the Fraud Detective Challenge and find out how holistic, technocratic, transactional, or intuitive a Fraud Detective you could be?  You can take the 5-minute test by going to:  https://b4investigate.com/fd-challenge/

#13 Don’t let fraud add to the infrastructure costs

By Journey

Be it home-extensions or renovation, advanced communications, or public interest projects such safer modes of transport, sanitation, and buildings…we know that typically these “infrastructure” projects usually cost more than the original budget.  What me might not realise is that it has been estimated that around 10% of project overruns is due to some kind of fraud.  Whether it’s our own money, or we are indirectly footing the bill, fraud is a cost nobody needs.

Achieving fraud-free infrastructures through empowerment…

“Infrastructure” is in all our lives.  This could be “traditional” infrastructure such as essential facilities and systems which enable our community to function, or the electricity which powers our home or the highways on which we travel.  Or it could be the fast-evolving post COVID infrastructure such as the “new” IT systems on which we increasingly rely, the information highways we constantly cruise, virtual environments, and buildings, where we work…and pretty soon holographic infrastructure which powers our meetings

So why does the infrastructure industry have a poor track record when it comes to fraud, estimated to be around 10% of a project’s cost or a company’s revenue?  Here are three reasons why projects attract fraud, from B4’s infrastructure expert:

  1. Infrastructure projects have very long supply chains with many mark-ups.
  2. Infrastructure projects are complex, involving many disciplines.
  3. Whether we are leaders, politicians, or just regular members of the public, we tend to love “vanity projects”. But the desire to achieve leaves blind spots and whether it’s home improvements or great leaps forward, fixed price infrastructure projects are uncommon.

Fraudsters today are becoming more desperate and sophisticated but at the same time the infrastructure industry brings out the best in us.  The industry embraces the UN sustainable development goals faster than other.  Take progress in health, safety, and environment over recent decades for example. It makes sense to empower everyone, including project managers and engineers with the requisite “fraud detective skills” to help reduce and remove a wholly unnecessary cost.

Forthcoming B4 Fraud Community events

Watch this space for upcoming community events including “Tall Mountains – Emperor Far Away” …how to keep good control of those areas of your organisation to which you cannot travel to, plus a special event for community members on latest developments and B4 Precrimee

#12 Beat the fraud blues!

By Journey

This week, the BBC called out fraud as “an epidemic”, “national security threat” and “no-one’s priority”.  Maybe its justifiable strong language with recent global surveys estimating the cost of fraud on companies and organisations at 6% of world GDP… and rising.  But why use language that spreads additional panic and fear when behind every problem is a big bright opportunity?  Also talk about “red flags” is depressing, not to say disrespectful to some countries.  It’s time to perceive every potential fraud as a blue spot of opportunity to be seized before it spreads.  So, don’t be idle! In the words of “Eric Idle”:…always look on the bright side of life…

Turn the bright blue spots to your advantage…

Zooming in on the blue spots of fraud early, understanding them and then transforming “waste into value” is neither myth nor hocus pocus.  But it does feel a little bit magical when our clients use our tools and data to home in, and transform the blue spots of fraud, without having to travel to far-off places. Here are five tips that always beat the fraud blues in this new age

  1. Empower every hand-on-deck in your organisation to see fraud and stamp it out.
  2. The best way for anyone to open their eyes to the threat of fraud is to see it as an opportunity from the point of view of a criminal…without becoming one of course!
  3. Be curious, take an interest and follow where the money goes and comes from…be it a bill, a bank statement, or a budget, because if you are curious you will always recognise the fraudulent blue notes.
  4. Leverage technology, algorithms, and data as much as you can but always stay in-charge and be humane (with a focus on “u”).
  5. Develop your robust PreCrime mentality aimed at defeating fraud itself, rather than focussing on people who might commit crimes in the future.

Algorithms + Data = Insight

The COVID pandemic has pushed the human race to work together to find new vaccines, as well as better solutions to almost everything…such as going digital in a month.  Data oils the new machinery.  The last 12 months have been the most rewarding ever, as we pushed to develop sharper algorithms and tools for both Fraud PreCrime and more efficient, remote investigations. “I guess that´s why they call it the blues…”, and most people can agree Sir Elton John did bring light to the hearts of millions of people.  We humbly welcome you to be part of our blue spot journey transforming problems to opportunities and a shared dream of a fraud free world!

#11 Inspirational stories from this year

By Journey

Pandemics which trigger financial downturns (banks like Lehman Bros in 2008 and COVID-19 this year) will pass but at a lingering financial cost.  We can cushion any ensuing financial hardships by removing the unnecessary cost of fraud in society.  And there is no better time than now to do it.  A recent global study put the cost of fraud committed by outsiders and insiders together at a staggering 6% of GDP in 2019 alone, and this cost seems to be rising.

How to vaccinate against the costs of fraud in 2021!

Everyone’s cost of fraud can be almost eradicated, but the crucial ingredient is you!  For us, 2020 was one of the most inspiring years ever, because this year so many of our friends and clients turned words into action.  Here’s a selection of experiences we are grateful for and wish to share:

At least 3 global organisations with which we worked, a UN body, one of the world’s oldest banks and a professional body used the mantra “everyone’s a fraud detective” and empowered employees and members with practical tools to root out and deal with fraud early

Days after COVID-19 hit his organisation, the enigmatic CEO of a major NGO led the charge to ensure that every penny went to those who needed it in some of the poorest countries, blocking fraud and doing it in a way which to gain trust and teamwork and develop shared insights.

Deploying precrime tools and techniques, many diligent and passionate clients across the world have taken up the challenge to root out excessive costs and waste in their organisations and prevent future fraud. Sometimes it was just about taking that little bit of extra care to spot an extra line on an invoice from a supplier or a number out of place on a payslip.In the wake of alarming letters, top management, did not panic but calmly gained much needed insights, pinpointed the root causes and aimed to protect the innocent and whistleblowers alike!

Turning bad news to good news…from Red Flags to “Blue Spots”

For years we have called indicators of fraud “red flags”.  But the term red flag is laden with negative and sometimes frightening connotations…and is even a little disrespectful to certain countries.

The above demonstrate that finding the indicators of fraud early, stops any spread, will save costs, and help every organisation become more resilient to fraud than ever!  We think it’s worth repeating that well-worn phrase – it’s not a problem – it’s an opportunity!  Next month:  How to find and turn theblue spotsto your advantage!

#10 STAY ON TARGET

By Journey

As we move into the Christmas season and 2021 approaches and we learn to turn the corner against the pandemic, we can take advantage of the disruption to also remove the rising cost of fraud. It needs a bit of a reset, a fresh mindset, with all hands-on deck!

Stay on Target:  Beat the 2021 Covid Credit Crunch and remove the cost of fraud

A fresh study this month from the University of Portsmouth puts the cost of fraud in 2019 at 6.05% of world GDP.  Academic studies aside, all the indications in 2020 are that cost on society is rising as the criminals get more desperate.  There is nothing like a crisis to galvanise us into action!

Also, we are delighted to read an article from the Association of Certified Fraud Examiners this month, which educates specialist fraud professionals, hinting at what we believe is a U-Turn, saying “Empowering employees with the knowledge and awareness of fraud in the workplace is key…”.

The failure over the past few decades to curtail fraud, gives us a chance to learn from mistakes, rethink everything, and not lick our wounds!  In our view the fresh 2021 mindset should include:

  • A collective effort in organisations and society to embody the precrime mentality to “see, say and sort out” fraud, saving costs and avoiding trouble down the line
  • Taking charge of technology and data to get better insights without the need to travel all the time, and without letting technology take over
  • Focussing on removing waste now and those essential costs which will navigate us out of the crisis and build a better, safer, and stronger world for everyone.

Our mantra “everyone is a fraud detective” is finally gathering momentum to shape the financially resilient and robust organisations for the future.

7th December Live-Online 09.00–09.50 and 17.00-17.50 (Managing money in the Crisis)

Take the first step, have your say, and hear the experiences of 3 leading experts in their fields:  Steven Swientozielskyj (Finance and Business Partnering Thought-Leader and Centenary Year President of the Chartered Institute of Management Accountants), John Wallhoff (Leading Fraud Data Scientist) and Nigel Iyer (International Fraud Detective for 30 years).

You can register here for this 50 minute Live-Online event.

#B4events – Protecting Money in a Crisis

By Event

Aspiring Fraud Detectives Community
Live-Online Roundtable

7th December 2020
(09.00 – 09.50 entral European Time)
and
(17.00 – 17.50 Central European Time)

What you will get out of this

  •  How to develop financial resilience at work
  • Leveraging technology
  • Practical case studies

A (free) live and interactive event where you can have your say and hear the experiences of 3 leading experts in their field:  Steven Swientozielskyj (Finance and Business Partnering Thought-Leader and former President of the Chartered Institute of Management Accountants), John Wallhoff (Leading Fraud Data Scientist) and Nigel Iyer (International Fraud Detective for the past 30 years).

The last 15 minutes will be an  “Ask us Anything” and creative brainstorming session involving all of us.  Afterwards all participants will receive Steve’s “Keep it Simple” model to be a successful business partner and a selection of Nigel and John’s most successful recipes to detect and eradicate fraud and corruption before it spreads.

#9 Don’t Panic over fraud!

By Journey

“One of the smartest ways to save money is to stop losing it resonates more than ever today.  As we all navigate a pandemic which we will overcome, focussing on those costs which are essential to growth and survival is more important than ever.  And there is no better time to calmly remove the wasteful costs of fraud.

Eliminate the wasteful costs of fraud now (panicking is not productive)

All over the world we are hearing that Financial Crime is greater than ever…no surprise given that criminals and cyber-fraudsters, and also many suppliers, middlemen, customer etc, are desperate for cash.  But nobody needs to feel lost or caught off guard.

Three smart things which every organisation can do (to remove panic about fraud!)

  1. Step up internal efforts to identify early warning signs where your organisation is losing money to fraudsters as well as greedy suppliers, middlemen, customers…
  2. Motivate and educate everybody around you in your organisation to help to guard against and spot attempted fraud before it spreads…and save money now
  3. Revolutionise the way fraud is investigated by taking charge internally, look for effective and fast resolutions and avoid investigations which spin out of control

Whether you are a board member, manager or “one of the people”, everyone has a valuable part to play in defending our own organisations against the outside threat of fraud. Our own hands-on experiences over the last few months proves that this more mindful approach to dealing with unethical behaviour really works, is more sustainable- and brings significant value back to the organisation.

Join the Aspiring Fraud Detectives community!

Participate in an Aspiring Fraud Detectives workshop on 7th December 2020, have your say and hear the experiences of leading experts in their field including Steve Swientozielskyj, Centenary Year President of The Chartered Institute of Management Accountants. You can register here for this 50 minute Live-Online event.

Join an event where B4 is contributing to International Fraud Week 2020 such as the Oxford Fraud Conference (12th November), and “Fraud Detection in the Age of AI” (13th November) and “How Everyone Can be a Successful Fraud Detective” (18th November).

#8 We’re all Fraud Data Scientists & Detectives!

By Journey

It’s everyone´s job to staying alert and curious, to spot and stop fraud before it spreads.  The digital traces of people trying to defraud us and our organisations often stare us in the face, and so spotting fraud can be easier than you realise.

So why wait for a whistleblower when we can “deal with the devil in the data”?

When we disregard fraudulent mails which want us do something foolish, when we home in on strange entries on a bank or credit card statement, or just spot something which gives us “a bad feeling” in the money flows of an organisation, we are essentially engaging in fraud data-science.  Add some PreCrime algorithms, a bit of augmented realty and a pinch of machine intelligence and we enter a new age of Fraud Detection. At last we can move on from just waiting for a whistleblower to turn up, or worse still, looking for someone to blame for not finding fraud before it found us.

Why believe us? Because after 25 years of using analytics and algorithms to find fraud, our success rate started to dramatically increase when we realised three truths1. Everyone can be a Fraud Detective 2. Sharing the golden algorithms was key to our clients eradicating the cost and risk of fraud 3. Small data is beautiful to follow the money in finding fraud quickly!

So what sort of Fraud Detective and Data Scientist are you?

Watch this 5 minute taste of PreCrime set to Franz Schubert. How many frauds can you see lurking in the data?

Tell one of us!

 

 

 

#7 Fraud PreCrime – Insights from Anywhere

By Journey

It is not pleasant to be cheated or have an organisation you care about defrauded – especially at a time we need to act to use our resources wisely. Tighter budgets and restrictions on travel are compelling us to be smarter and more innovative than ever…doing more with less. Prior to COVID we had taken great strides to merge human intelligence with smart technology to solve everyday problems. Now is the time to combine smart thinking with technology to eradicate the unnecessary waste caused by fraud and corruption before it is too late.

Instant Insights with Fraud PreCrime.

If you are taking care of the money, being cheated by a supplier, customer, a business partner or even an employee is irritating, to say the least, and often hideously costly.  We pray that it does not happen to us, that someone will detect it, or that if someone is cheating us without us knowing, it will not be too painful.  And when it is discovered (which in our experience is all too rare) it is usually too late to stop it before it spreads.

In deploying our own “B4” PreCrime algorithms and solution with our customers to help detect and deal with hundreds of “early frauds”, we have learnt some interesting truths which have crystallised into guiding principles for “PreCrime for Fraud”:

1. If you don´t believe fraud happens you will never find it.
2. Stay focussed – don´t get lost in the fog of too much data and information.
3. Stick to following where the money comes from and where it goes (as far as you can).
4. We can find out what is happening in much of the world without having to travel.
5. Everybody can find fraud early and resolve it if they want to. Fraud Detective is not a protected title. So, do it yourself rather than thinking someone will do it for you.

PreCrime for fraud is here, and those who take advantage of it, manage to save vast amounts of un-essential costs, and avoid a lot of pain, blame and aggravation….immediate insight without jumping on a plane

PreCrime Training (the Fraud Detective Collection) goes live

We mean what we say.  Everyone can be a Fraud Detective.  We have now launched B4’s Fraud Detective Collection, where Fraud Detective 101 is the first course in a series of 7.  Here´s a one-minute video to get a feel for the virtual course.

Use this link or https://www.youtube.com/watch?v=UHvCtClodDw&feature=youtu.be

#6 Ready, Steady, AIM…at Fraud and Corruption

By Journey

When resources are stretched, it’s not productive to argue about whose fault it was that frauds were missed and not picked up sooner. A healthier aim would be to work together to stop fraud at the door…and not focus on blame.

Aiming to always keep the cost of fraud in our sights.

Immunisation against fraud and early detection is the transformational change we need now to preserve cash, and focus on those essential costs which contribute to healthier and more vibrant organisations in the future. We could ask ourselves:

  • Does our organisation sit back and wait for the eventual whistleblower, or is everyone trained to spot suppliers, customers, management, partners and employees who are misbehaving and reel them in before things spread?
  • Do we and our management feel that if the external auditors did not discover any fraud this year, then the future is rosy and fraud-free?
  • If serious fraud is discovered which internal positions should get the blame? (note: this could be a trick question!)

Getting to grips with these kinds of questions will give us a feeling for the mood inside our organisations, and if you wish, how to transform from an everyday compliant organisation to motivated teams which really keep fraud out!  Keep it simple: Practical awareness training, a recognition that fraud happens all the time, and a mindset to detect fraud early will save organisations huge amounts of money. The next stage could be to use pre-crime tools to follow the money combined with augmented reality and accessible artificial intelligence.

Alongside our B4 Pre-Crime solution we have developed and tested our “AIM 42 tool” which consists of 42 key questions to help organisations identify where and how to get the maximum payback from their essential cost/ “remove fraud” initiatives.

ICAEW Event July 3rd – Insights of a Fraud Detective

“How to Find Fraud Early” is a 1-hour webinar aimed at passionate accountants and auditors who want to make a difference.  Nigel Iyer has wanted to hold this course for the Institute of Chartered Accountants in England and Wales (the ICAEW) ever since he joined three decades ago.  Now he has finally been given the chance.  This interactive webinar is open to non-members too:

Register at ICAEW using this link or
https://latest.icaew.com/47WY-UWKL-2566E5HEBA/cr.aspx?v=1

#5 We are all Fraud Detectives!

By Journey

Nobody likes being cheated!  And when budgets are tight, everyone needs to use the resources they have sensibly. So, to protect our own assets and the organisations and people we care about, we should “awaken the fraud detective” that lies in each and every one of us.

Introducing Ms Sophy and what it takes to be like her

One of the appeals of Miss Marple…Agatha Christie’s kind and stylish detective with a razor-sharp mind for solving crimes…is that we can all be like her. Ms Sophy, our first fraud detective avatar was created in a similar way. So…what does it take to be a fraud detective?

During the last 20 years we have worked with hundreds of people who were either born to spot fraud or were initially sceptical.  And almost without exception every one of them would qualify as a fraud detective. We believe that we are all born with an instinct to spot an offer that’s too good to be true, a wolf in sheep’s clothing, dirty money and dodgy dealings.  We just need to remind ourselves that the world is still far from being fraud free, apply attention to detail, and maintain our belief in ourselves!  That’s why Ms Sophy is arguably the most important team member of B4 Investigate because she has it all…in bucketloads!  You will meet Sophy in our Fraud Detective Training, in coaching sessions, and as your assistant in our rapidly evolving B4 Pre-Crime platform. Sophy is female character but could just as well be male…being a fraud detective is not a gender issue. Have a listen to 45 seconds of Sophy here *.

*http://media.b4investigate.com/2020/06/Sophy-Being-A-Fraud-Detective.mp3

Podcast interview with Nigel

The Confederation of Swedish Enterprise (Svenskt Näringsliv) has just released a podcast called “Think Like a Fraud Detective”, a short interview in English between renowned security expert Karl Lallerstedt and B4’s Nigel Iyer.  https://soundcloud.com/user-317900189/international-fraud-expert-nigel-iyer-in-english

#4 Fighting Fraud: Good Costs – Bad Costs

By Journey

Detecting and removing the toxic, unnecessary costs of fraud before they spread, means really valuing your Essential Costs.

Empowering organisations to eradicate the un-essential costs of Fraud

Fraud is the dirt in the machinery that nobody wants. We would like to empower every single organisation to detect fraud and corruption early and stamp it out with the assistance and inspiration of our pre-crime solution.

The concept of “Essential Costs” may sound basic for financial management but it is crucial in eradicating fraud and corruption. Removing substantial unnecessary costs such as supplier overcharging, customer payment defaults, needless rebates, fake services, bribery, etc, may seem a little daunting at first. Shining a light on what is not essential, distracting and not needed, isn’t rocket science either. It’s a reminder of how we need to be managing all organisations in these challenging times. Costs will always be necessary, but we must ensure that they are the right costs which are an investment in the future.

And remember, when you invest in bottom to top awareness of how your organisation can be defrauded, you are building a protective shield.

“Sophy” trials, where our customers take the wheel of our B4 pre-crime solution, are under way. B4 stands, of course, for “Be-Fore”. We have been told that it may not be possible to eradicate the costs of fraud and corruption completely, but we are going to make a huge impact when we all work together.

Triangulation to detect bribery

One question we are often asked is how to detect signs of bribery. The short answer is to “triangulate” between suppliers, customers and dirty cash. The tell-tale signs that bribery has crept in usually lie somewhere inside that triangle. Then once you get the signal, you follow the money. In the next newsletter, we will show you an example recipe from Miss Sophy, our Fraud Detective avatar.

#3 Immunisation against Fraud!

By Journey

Awareness of how your organisation is being defrauded is like having a protective shield which stops fraud at the doorstep.  A shield like this will spare your organisation much of the unnecessary and wasteful costs of fraud and corruption.

Embedded and online awareness to accelerate the demise of fraud

In times when every penny counts, it is more important than ever to know how your organisation can be defrauded by certain suppliers, customers, agents, external criminals, and maybe even a few of your own people. Get clued up, outsmart the fraudsters, and detect fraud early before it spreads!

Because it’s harder to travel to workshops and seminars, we all need new and innovative content and online access to virtually everything. Within our B4 Pre-Crime Solution, virtual training and awareness programmes are part of this rapid evolution. Today everybody to be a fraud detective and contribute to keep their organisations safe from fraudsters such as greedy suppliers and middlemen, dirty money, unethical customers, and employees who are tempted to turn to the ‘dark side’.

The first course to be released is Fraud Detective 101, a 50-minute pre-crime kick-starter to help everyone to stay one step ahead of the fraudsters and eradicate non-essential costs and waste.

Removing Fraud in Infrastructure projects

In April’s edition of Infrastructure Intelligence, Anil Iyer, director of the UK branch of B4 Investigate, states that the cost of fraud is too important to leave just to the accountants, auditors or lawyers. It’s actually everyone’s responsibility to stamp out the waste caused by fraud in infrastructure projects, just like health and safety, quality management, sustainability, diversity and inclusivity, digital transformation and mentoring have become something we all are part of today.

Link to Infrastructure Intelligence article:
http://www.infrastructure-intelligence.com/article/mar-2020/tackling-fraud-and-corruption-everyone%E2%80%99s-responsibility

#2 Accelerating the eradication of fraud

By Journey

We offer our client the tools, the know-how and the B4 “Pre-crime for Fraud” solution to enable everyone to wipe out the wasteful costs caused by corruption and fraud against our organisations.

Working with the Founder Institute (the world’s largest start-up accelerator program)

When B4 Investigate was started by Nigel Iyer and John Wallhoff in January we desired to transfer the power of our already effective B4 “pre-crime” solution into our clients’ hands, giving people inside organisations the ability to take the wheel and detect fraud early “be-fore” it spreads.

Given the massive changes in the world we are seeing today such as a tightening of the purse strings and millions of people embracing remote working, it feels good that we took this necessary step. In the last few weeks, we have increased the pace of development of the B4 solution and introduced online Fraud Detective training so that everyone can learn to play their part in keeping their organisations healthy and removing fraud and waste.

So far our efforts to develop a worldwide platform and community have met with critical approval from the many international mentors and investors from the Founder Institute based in Palo Alto, California, and we are trusting in their support and your moral support in the months to come to play our small part in making the world a better place, freer from fraud and corruption which we all can easily detect early and prevent.

B4 Investigate Ltd established

B4 Investigate Ltd (formerly known as Hibis Europe Ltd) is now established as a step in our strategic plan to enable B4 in the Nordic countries and UK as our key markets. Anil Iyer, who brings in his experience of the infrastructure industry, steers the UK operations.

#1 The journey continues

By Journey

On 1 January 2020, B4 Investigate AB was born. One of our goals is to focus on the development, implementation and support of the B4 methodology and algorithms to find fraud and save costs for clients. We are doing this in cooperation with Hibis AS where the initial steps with B4 were taken.

What you need to know about B4

The B4 methodology improves profitability, saves costs and enhances reputation using proven algorithms and lean data so you can root out and rectify real and significant  examples of fraud and corruption and other misuse of resources due to unethical practices.  B4 enables financial controllers, auditors, and other senior managers, discover and deal with fraud and corruption, in a timely manner, and handle it in a humane and resolute manner.  The methodology which is constantly evolving and improving in terms of its capability to pinpoint fraud early, is based on the following phases: Set-up, Execute, Clarify, Condense, Resolve.

With the support of the Founder Institute

We have received the support and backing of The Founder Institute, the world’s largest pre-seed startup accelerator based in Palo Alto, California

More information about the Founder Institute at www.fi.co

What you can do for us and what we can do for you

We would love you to share what you know about us and that means you can forward this message and keep us in mind when you are in touch with people and organisations who want themselves to be able to detect and investigate fraud and corruption, and detect it early!

And you can be a part of journey as a customer, partner or supporter of our work to help rid the world of significant unnecessary costs caused by fraud and corruption.

Ready To Stand Out?


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