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MindBridge Ai and Financial AI Announce Agreement to Deliver AI-based Auditing Solutions in the Benelux Region


Amsterdam, Netherlands – June 20, 2018 – Financial AI, a finance consultancy focused on bringing best of breed AI and ML solutions to the Benelux (Belgium, Netherlands and Luxembourg) market, has announced an agreement with award-winning Canadian company MindBridge Ai. Through this agreement, Financial AI will lead the delivery of the MindBridge Ai Auditor within the region as they establish a leading role in enabling organizations to evolve their auditing capabilities.

Recently recognized by Accounting Today as 2018 Top New Product – Audit Tools, MindBridge Ai Auditor is used by leading innovative organizations worldwide. The MindBridge Ai Auditor automates the ingestion and analysis of financial data by leveraging a hybrid of techniques, from decision rules and statistical methods to machine learning/artificial intelligence to detect anomalies. Results are presented through an intuitive interface thus increasing the efficiency, effectiveness and completeness of the analysis. In addition, it significantly reduces the risks associated with not analyzing 100% of transactions, all the while delivering deep insights on the financial datasets.

Founded by industry veterans, Rein Hoogland and Rene van der Steeg, who were instrumental in the functional and commercial operations at Cognos for over 20 years and the Office of Finance strategy, Financial AI was created to leverage their expertise to assist organizations in adopting emerging artificial intelligence technologies.

“Through Financial AI’s numerous discussions on how to apply AI and ML within the Office of Finance and the related accountancy market, we recognized the opportunity and the leading position that MindBridge Ai has established to serve these markets”, said Rein Hoogland. “The Ai Auditor is a natural fit that compliments our activities and we are excited to bring this solution to our clients.”

“Leading audit organizations around the world are using the MindBridge Ai Auditor platform to enable delivery of high-quality insights with greater efficiency”, said Eli Fathi, CEO MindBridge Ai. “Leveraging the experience and market knowledge of Financial AI will enable MindBridge to accelerate its growth in the Benelux region as we continue our global expansion.”

Financial AI will be present at the upcoming EFAA International Conference in Brussels: Digital Transformation of SMEs, on June 21.

About MindBridge Ai:

MindBridge Ai is a venture-backed FinTech company based in Ottawa, Canada. Through the application of machine learning and artificial intelligence technologies, the MindBridge platform detects anomalous patterns of activities, unintentional errors and intentional misstatements. Using the MindBridge Ai Auditor, organizations across multiple industries can minimize financial loss, reduce corporate liability and can focus on providing higher value services to their clients.

For more information, visit mindbridge.ai

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