Linux Foundation Launches Open Source Fraud Prevention Solutions, Supported By Gates Foundation (linuxfoundation.org) 20
This week Linux Foundation Charities launched "a groundbreaking open source software solution for real-time fraud prevention" named Tazama — "with support from the Bill & Melinda Gates Foundation."
They're calling it "the first-ever open source platform dedicated to enhancing fraud management in digital payments." Until now, 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 challenges this status quo by providing a powerful, scalable, and cost-effective alternative that democratizes access to advanced financial monitoring tools that can help combat fraud... 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.
Jim Zemlin, executive director of the Linux Foundation, described their reaction as "excited to see an open source solution that not only enhances financial security but also provides a platform for our community to actively contribute to a project with broad societal impacts."
And the announcement also includes a comment from the Bill & Melinda Gates Foundation's deputy director for payment systems. "This pioneering open source platform helps address critical challenges like fraud detection and compliance and paves the way for innovative, inclusive financial solutions that serve everyone, especially those in low-income countries.
"The launch of Tazama signifies another stride towards securing and democratizing digital financial services."
They're calling it "the first-ever open source platform dedicated to enhancing fraud management in digital payments." Until now, 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 challenges this status quo by providing a powerful, scalable, and cost-effective alternative that democratizes access to advanced financial monitoring tools that can help combat fraud... 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.
Jim Zemlin, executive director of the Linux Foundation, described their reaction as "excited to see an open source solution that not only enhances financial security but also provides a platform for our community to actively contribute to a project with broad societal impacts."
And the announcement also includes a comment from the Bill & Melinda Gates Foundation's deputy director for payment systems. "This pioneering open source platform helps address critical challenges like fraud detection and compliance and paves the way for innovative, inclusive financial solutions that serve everyone, especially those in low-income countries.
"The launch of Tazama signifies another stride towards securing and democratizing digital financial services."
I don't care how benevolent it sounds (Score:5, Insightful)
So the Fox... (Score:3, Interesting)
How many Foundations (Score:3)
does it take to change a light bulb?
Re: (Score:2)
Gates Foundation? That is not good... (Score:5, Insightful)
These fuckers like to pretend they are doing good, but as soon as you look at the details, the evil shines through. Thanks, but no thanks. My trust level to anything that Gates or any of his creations touches is negative.
Re: (Score:2)
It's not just Gates. The "Linux Foundation" is an organization of commercial entities...and should be trusted as much as such.
Re: (Score:2)
Yep. This type of support makes that very obvious.
Re: (Score:2)
What are the details?
Windows 13 (Score:1)
At some point Windows is going to become a Linux distro. My guess is windows 13 since it will be cursed.
Re: (Score:2)
"Embrace and Extend" is their old, old policy. They did it with Kerberos and LDAP, breaking compatibility with the open source versions, and they're violating pretty basic standards with the "Windows for Linux" tools and struggling to avoid GNU licensing in the process.
72HHJ (Score:5, Insightful)
Not exactly who I want to run ANY fraud based service.
Too many words (Score:3)
providing a powerful, scalable, and cost-effective alternative that democratizes access to advanced financial monitoring tools that can help combat fraud... The solution's architecture emphasizes data sovereignty, privacy, and transparency, aligning with the priorities of governments
That's some pretty good marketingspeak. Bill's influence at work. Good luck to all.
Rules based (Score:2)
Sounds like (Score:2)
The article makes no sense to me. But this Tazama crap looks to me like Clipper Chip II.
Right now, I believe this is to backdoor and add DRM to Linux. And/or maybe even pull some logic from Windows 11 to allow spying on the user.
If that is the case, I guess many of us will never by a new PC again, get a stable of old hardware now :)
Effective online ID would solve it too, no? (Score:2)
What if people had to prove their identity before doing something important like sending money? Our governments have ignored the problem, and continue to do so. Who else could create and mandate an identity system "everywhere"?
If I could prove who is in charge of a transaction, wouldn't that prevent many kinds of fraud?
Yes, a lot of work would need to happen for it to function. And many systems would need to "borrow" the initiating user's credentials (I'm blanking on the word for this). Meaning I might