MINDBRIDGE FOR GOVERNMENT
Reducing financial risk across all levels of government
Audit data analytics & anomaly detection
Several auditor general’s offices have adopted the analytical value of MindBridge’s AI tools so they could detect anomalies across a wide variety of departments and state-owned corporations.
The MindBridge AI platform demonstrated its flexibility and capability to detect transactions while the easy-to-use interface helped auditors to visualize risk and trend charts using heat maps, enabling them to ask better questions of the data.
Pre-emptive financial reviews
MindBridge was commissioned to examine the value of AI tools in identifying risk in financial transactions on every monthly close of the books as a pre-emptive audit control. Using sets of expense data collected from a variety of government departments, the platform applied a combination of AI and machine learning techniques to calculate the risk of transactions to be shared with department heads, helping to eliminate errors and frauds before they become ingrained in the operational model.
Candidate contribution & expense analysis
Due to the massive volume of data required to be reviewed, a major election bureau was taking more than two years to clear the backlog of all candidate contribution and expense audits, putting the legitimate status of sitting politicians at risk. MindBridge was asked to examine the feasibility of applying AI to rapidly and uniformly spot issues including under-reporting of expenses and was able to quickly duplicate analytical insights in a fraction of the time and expense.
Explore how MindBridge for government works
Read about key platform capabilities and features to see how MindBridge harnesses the power of AI to identify risk faster across 100% of transactions.