MindBridge founded to prevent the next Bernie Madoff using artificial intelligence
OTTAWA, Canada – March 9, 2015 – MindBridge a provider of financial investigation tools plans to address the limitations facing professionals tasked with corporate audit and enterprise risk management. The audit tools of today are not keeping pace with advancements in corporate risks to insider threats. “Risk professionals have always had too much data and too little time. We are able to pre-process the data and provide a starting point so investigators can leverage their experience to complete audits faster and with higher quality” said Solon Angel, Founder and Chief Strategic Officer, MindBridge Analytics. Unlike conventional investigation tools which provide basic search and data filtering tools, the MindBridge platform is capable of providing a risk score for 100% of transactional data giving investigators insights into data that time-constraints previously prevented them from addressing. MindBridge can help investigators find insights faster through:
- Faster access to information by streamlining data import
- Higher quality insights with a proprietary risk-based scoring system
- Providing automatic recommendations for which data to investigate next
The system is capable of processing tens of millions of lines of transactional data and providing a risk score based on a combination of controls and data science algorithms resulting in the highest quality insights for every investigator. Angel’s 12-year background in venture capital as well as governance, risk and compliance gives the company a unique advantage to create a platform that “We believe that corporate governance technology has been neglected for far too long and it is no surprise to see billion dollar cases of fraud in the news,” said Angel. “We believe we have the team, the technology, and the market conditions that have large corporations actively seeking us out to rethink how to reduce risk and reduce losses.” More information about MindBridge is available at www.mindbridge.ai.
About MindBridge Analytics Inc.
MindBridge Analytics Inc. 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 enhance their professional judgment. For more information, visit www.mindbridge.ai
Name: Dipalli Bhatt
Company: MindBridge Analytics Inc.