Callcredit Announces Residency Plus to Power ThreeSixty Hub
Callcredit Information Group has today (Tuesday 21st May), at the Fraud and Error Conference 2013, confirmed that it's innovative 'data matching' technology Residency Plus will power it's new ThreeSixty Hub. Eight local authorities in London have formed to create the hub, designed to tackle public sector fraud. With 8 founder members in London, 10 members in total and 20 members expected by end of 2013 and a national roll out planned in 2014 it promises to be a real 'blue print' to fill the hole in government finances.
Details of two case projects were also revealed for the first time to delegates attending the Fraud and Error Conference 2013 by Andrew Davis, Director of Public Sector at Callcredit Information Group, which used the conference to announce these findings.
Andrew told delegates that the new initiative had been devised by Callcredit to help local authorities in their fight against fraud. The two projects outlined had involved one inside London which had identified 900 cases, recovered 81 properties at a value of £54k each, blocked two right to buys at £75k each from a total stock of 38,000 properties with a total saving of £4.5m. The project outside London involved a stock of 20,000 properties and had recovered approximately 10% of the properties worth £54,000 each with a total saving of £1.8m.
Callcredit uses the latest technology to generate highly accurate information about where people live, where they have lived and who they live with. The product behind the new fraud hub, called Residency Plus, creates a residency map that can be used to establish both tenancy fraud and occupancy fraud and can help local authorities trace people and collect debt.
Delegates at the Conference were told by Andrew that company aims to launch three more products in 2013 which will further help local authorities.
Commenting on the results of the case studies, Andrew said, "accessing more accurate information and sharing that information are emerging as two of the most effective ways that local authorities can tackle fraud. The initial results have been extremely pleasing and with a further twelve local authorities agreeing to join the hub before the end of the year we are excited at the prospect of making real inroads into the billions of pounds that are lost annually to local authorities through fraud".
Callcredit was the main sponsor of the event, which is taking place at the One Great George Street Conference Centre in Central London. Click here to review the Conference agenda.
Conference delegates also heard speeches from Baroness Hanham CBE, Parliamentary Under-Secretary of State at the Department for Communities and Local Government and Stephen Harrison, Chief Executive at the National Fraud Authority.
Callcredit set up Public Sector Solutions, its specialist division dedicated to the needs of Local Authorities and Central Government in 2010.