Case Study: UK Cabinet Office uncovers £14m in BBLS fraud with Quantexa Decision Intelligence

Initial Investigation Into COVID-19 Loan Schemes Uncovers £14m in Fraud

The UK Cabinet Office partnered with Quantexa to investigate fraud in the Bounce Back Loan Scheme, a COVID-19 relief program that was targeted by fraudsters. The challenge was to identify individuals and organized crime groups behind fraudulent government-guaranteed loans and better unify data across sources to expose complex fraud networks.

Quantexa deployed its Decision Intelligence platform in a three-month proof of concept, ingesting more than 100 million data items and combining internal and external sources such as Companies House and loan records. The solution uncovered 250 connected networks of interest and helped confirm £14m in fraudulent BBLS loans, while also improving collaboration with lenders and other agencies on future fraud monitoring.

UK Cabinet Office

Craig Martin

Fraud Analytics Lead & Head of Programme