While there’s still a lot to worry about when it comes to AI, accounting and financial professionals are finding ways to make it work for them. […] This is where companies like MindBridge come in. Based in Ottawa, MindBridge is a risk discovery and anomaly detection platform that uses AI to help auditors make their
AI-powered technology is still relatively new and evolving at an extremely rapid pace. Where these executives might have previously relied on their professional knowledge to acquire new technologies, investing in AI requires a host of new considerations and understandings. CFOs are far from powerless in the AI decision-making process, but they do need to be
After spending the past two decades keeping a watchful eye on the development of some of the capital’s biggest tech successes, Eli Fathi is now looking forward to witnessing a growth story even closer to his heart: the raising of his grandchild. The legendary Ottawa entrepreneur announced late last week that he is stepping down
Recognized in 2020 by the World Economic Forum as one of the most promising technology pioneers to watch for, MindBridge Analytics Inc. (MindBridge) of Ottawa, Ontario, is a true Canadian-grown success story. ounded in 2015, MindBridge is a fintech company that uses artificial intelligence (AI) to detect errors and anomalies in financial data. The company quickly
It’s an exciting time in the world of artificial intelligence (AI). There’s an endless stream of new AI applications being developed, and companies everywhere are eager to invest. Mostly, these organizations see AI as an opportunity to automate processes, streamline operations and enhance the customer experience. While all of this will lead to significant efficiency
The role and quality of audit have been under the spotlight in recent years following a string of high profile business failures – and the economic implications of COVID-19 have reinforced the need for change. From the initial economic freefall to the role of government financial support and the slow climb back towards business as
Following a string of high profile business failures – and the economic implications of COVID-19 – the role and quality of audit is under the spotlight, with many demanding change. From the initial economic freefall to the role of government financial support and the struggle to get back to ‘business as usual’, balance sheets have
Through the pandemic many finance departments have operated remotely with less oversight than usual. As with any major crisis, this pandemic has created the perfect opportunity for fraudulent activity to thrive. Read more from Stuart Cobbe, ACA
Using AI, public sector organisations can both identify and rectify potential issues before they become a problem, saving valuable money in the process and ensuring these precious public funds are being administered and used effectively. Accountability and transparency are essential for public sector audits. The public sector is under a watchful eye to ensure finances
Significantly large volumes of funds are being handed out to companies and individuals to support them during the pandemic, and it is vital to ensure this support is being used for the purposes intended by government. By expanding the use of technology such as artificial intelligence (AI) within the public sector, auditors can identify and
In this question and answer interview, Nick Levine talks to MindBridge director Rachel Kirkham about how the audit process is likely to change in response to public expectations and technological advances. Read more
After looking into the various options available in the market, MindBridge Ai Auditor, the world’s first AI-powered auditing solution, was selected to enhance the company’s existing auditing capabilities. The solution analyses an organisation’s entire data set, examining all transactions, looking at the monetary flows between accounts, all credits and all debits and most importantly, identifying
