Exciting news! The Tazama project is officially a Digital Public Good having met the criteria to be accepted to the Digital Public Goods Alliance !
Tazama is a groundbreaking open source software solution for real-time fraud prevention, and offers the first-ever open source platform dedicated to enhancing fraud management in digital payments.
Historically, the financial industry has grappled with proprietary and often costly solutions that have limited access and adaptability for many, especially in developing economies. This challenge is underscored by the Global Anti-Scam Alliance, which reported that nearly $1 trillion was lost to online fraud in 2022.
Tazama represents a significant shift in how financial monitoring and compliance have been approached globally, challenging the status quo by providing a powerful, scalable, and cost-effective alternative that democratizes access to advanced financial monitoring tools that can help combat fraud.
Tazama addresses key concerns of government, civil society, end users, industry bodies, and the financial services industry, including fraud detection, AML Compliance, and the cost-effective monitoring of digital financial transactions. The solution’s architecture emphasizes data sovereignty, privacy, and transparency, aligning with the priorities of governments worldwide. Hosted by LF Charities, which will support the operation and function of the project, Tazama showcases the scalability and robustness of open source solutions, particularly in critical infrastructure like national payment switches.
We are thrilled to be counted alongside many other incredible open source projects working to achieve the United Nations Sustainable Development Goals.
For more information, visit the Digital Public Goods Alliance Registry.
