Is technology the key in the battle against corruption — IMF
AID:Tech, a digital crusader
Corruption is a phenomenon that dates back as far as the first century BC, when Julius Caesar secured office by greasing voters’ palms.
Whilst corruption is a leading impediment to growth; it deters private investment, participation and channels funds into waste, there is a multitude of responses on offer, some by the world’s leading institutions, including the UN and the IMF, others by startups around the world.
‘Doing well by doing good’
AID:Tech and our CEO, Joseph Thompson are featured in the publication as a leading example of startups leveraging emerging technology in innovative manners to tackle fraud and corruption. Our Lebanon pilot with the Irish Red Cross is a key example, where digital identites were successfully distributed as basis for Syrian refugees in Lebanon to obtain the goods and services they needed.
This is a cheaper, more transparent, faster, and efficient way of not just obtaining the donation, but actually getting the donation to the beneficiary in the end,” Danny Curran — Head of Fundraising and Commercial Services, the Irish Red Cross
In September 2017, AID:Tech was awarded Citi’s Tech for Integrity overall accolade by managing director of the IMF, madam Christine Lagarde.
The James Wolfensohn Global Game Changer Award was given to AID:Tech recognising the potential of our solution in fighting fraud and corruption.
Read the full article here.