Financial risks have nowhere to hide

Prebuilt and scalable algorithms continuously analyze all data, exposing risks through the contextual lens of an auditor, regulator, or bespoke internal controls. 

Advanced machine learning

Out of the box algorithms find patterns in datasets without the need of supervision. The platform identifies data relationships and structures, surfacing patterns of unusual behavior that a human would never find.

Unbiased
XX
Unbiased

Discover trends and risks otherwise unnoticed in your most important data, free from external influence and bias.

Scalable
XX
Scalable

Process hundreds of millions of rows, offering greater risk coverage and overcoming traditional data volume challenges.

Explainable
XX
Explainable

Transparent AI and clear documentation provides credible results, creating trust in your most critical financial data.

A unique ensemble AI approach

By leveraging multiple techniques simultaneously, enhance your ability to identify errors and anomalies, resulting in broader risk detection and coverage.

CHALLENGES

Traditional financial controls are antiquated and inflexible

Finance and audit teams can no longer keep up with the volume and velocity of data changes caused by digital transformation programs.

The challenge is multiplied by the ever-changing risk and regulatory compliance landscape. Companies struggle to keep up with the velocity of change.

SOLUTION

Adaptable transaction oversight with AI-powered financial controls

Choosing MindBridge for anomaly detection offers quicker deployment, ongoing support, and proven effectiveness. This allows your team to leverage a robust, trusted solution without needing specialized machine learning expertise, enabling them to focus on higher value-added work.

Shortcomings of Traditional Approaches

MindBridge aims to tackle issues derived from traditional approaches by using modern technology to supplement professional judgment and increase speed through a data-driven approach.

1

Finance, Accounting, Operations

Errors in month-end close

Inaccurate budget forecast

Inefficient manual processes

Regulatory non-compliance

Unknown emerging risk

2

Control, SOX, Risk, Compliance, ERM

Lack of process automation

Ineffective controls testing

Subjective risk assessment

Manual control reliance

Limited scope

3

Internal audit, Investigations

Reactive IA planning​

Limited detection coverage​

Missed fraud indicators

Highly manual workload

Inconsistent results

Leveraging the MindBridge AI™ platform

Specify data set

MindBridge ingests complex and voluminous transactional data sources, including all relevant fields for analysis.

Algorithms you can trust

Ensemble AI leverages out of the box control points that combine your business rules, statistical models, and unsupervised machine learning.

MEDIUM
Flow Analysis
$12.91M
Flags transactions with monetary flows that are not commonly found in the dataset.
HIGH
Suspicious Keyword
$913.81M
Flags entries containing words that may be indicative of potential suspicious activity.
LOW
2 Digit Benford
$5.27M

Flags entries with amounts that do not align with the expected distribution of amounts.

MEDIUM
Rare Account for the Vendor
$12.91M
This control point detects whether the interaction between a given vendor and a given general ledger account are typical or not.
MEDIUM
Atypical Volume for the Vendor
$12.91M
This control point counts the number of payments made on a given check date to detect surges of activity for the given vendor.
LOW
Unusual Quantity for the Product Code
$12.91M
This control point detects any unusual quantities purchased for a given product code.
HIGH
Atypical Changes in the Amount for the Customer
$34k
This control point detects the sudden peaks/falls in amounts for the customer.
MEDIUM
Unusual Total Hours Worked by the Employee
$35.01M
This control point detects whether the total hours worked by the employee are unusual.

Augmenting digital transformation

To grasp the significance of AI and ML in finance and accounting, it’s essential to understand their capabilities.

What our customers say about us

cb-removebg-preview
quote
MindBridge automates and pinpoints what to look for, turning this random process into something targeted and efficient.”
Jessica Helms
Partner, Cherry Bekaert

The status quo is dead.
Welcome to the future.