PODCAST: A Deeper Look at Makpar’s Fraud Detection Analytics Dashboard
In the following Makpar Fed Mission Success podcast interview, Tariq Islam, Director Technology & Solutions at Makpar; Craig Cofrancesco, Solutions Architect at Makpar; and Peter Cofrancesco, Innovation Engineer at Makpar, provide a deep-dive look at Makpar’s Fraud Detection Analytics Dashboard.
Earlier this year, the U.S. investment community experienced an unprecedented phenomenon where public users on platforms like Reddit created a “short squeeze” that was applied to the hedge funds by retail investors impacting GameStop’s stock price. The nearly defunct retailer’s stock rose from $20 per share to a high of $450 over a 3-day span.
In response, Makpar’s Innovation Lab developed a Fraud Detection Analytics Dashboard proof of concept to help a government agency prevent a similar situation from happening in the future.
What made this effort unique is that the Makpar Innovation Lab team used a combination of Pragmatic Agile development, along with a swarm methodology and human-centered design where Craig Cofrancesco actually served as the guinea pig and played the role of a government agency financial analyst.
In the end, this prototype can be easily replicated by other federal agencies. Following are the key highlights from this interview:
Insights into Makar’s Innovation Lab. (:50)
More about the overall challenge that this federal agency faced, and the Fraud Detection Analytics Dashboard. (1:55)
About the Pragmatic Agile methodology that Makpar’s Innovation Lab used for developing this proof of concept. (3:55)
How human-centered design played a key role in this effort. (6:02)
Why this overall IT development methodology was unique. (8:00)
How this prototype could be replicated by other federal agencies. (11:30)
More about the value of Makpar’s Innovation Lab, and why Makpar is an ideal teaming partner. (13:25)
To read the full case study about Makpar Fraud Detection Analytics Dashboard, please click here. In addition, if you are a federal agency in need of a similar dashboard, please click here to contact Makpar’s team.