OTTAWA, July 24, 2018 (GLOBE NEWSWIRE) -- MindBridge Analytics Inc. announced today that it is a supplier on the UK Government G-Cloud 10 Digital Marketplace with its award-winning Ai Auditor now available to UK government departments.
Recognized by Accounting Today as the 2018 Top New Product – Audit Tools, MindBridge Ai Auditor is used by leading CPA firms, enterprises and governments worldwide to detect anomalies in financial data.
Through the automated ingestion and analysis of financial datasets, the MindBridge Ai Auditor detects anomalies by leveraging a hybrid of techniques, from decision-based rules and statistical methods, to machine learning and artificial intelligence. By analyzing 100% of the transactions in a financial data set, the MindBridge Ai Auditor increases the effectiveness and efficiency of the analysis. Results are presented through an intuitive interface that augments the capability of auditors and investigative professionals, by allowing them to focus on the anomalous transactions. This significantly reduces the risks associated with manually analyzing samples of the transactions, while also delivering deep insights on the financial datasets.
Peter Smithson, Director Information Assurance at the National Audit Office, recently spoke at the CIPFA conference on the use of advanced technologies in audit, "The NAO has been trialling MindBridge's Ai Auditor to assess the applicability of artificial intelligence technology in our work. We believe technologies like MindBridge can be leveraged to augment human auditors, easing the burden of number crunching."
“Artificial intelligence is enhancing the audit process of private and public organizations by augmenting the analysis of financial records,” said Eli Fathi, MindBridge Ai CEO. “We are pleased to offer the capabilities of the MindBridge Ai Auditor to all UK government departments through the G-Cloud 10 Digital Marketplace.”
The MindBridge Ai Auditor can be found on the G-Cloud Digital Marketplace at:
About G-Cloud and the Crown Commercial Service
The G Cloud framework allows the government and suppliers of cloud based services to enter into an agreement for the supply of goods and services. G-Cloud is managed by the Crown Commercial Services (CCS), which supports the public sector by providing a cost effective means to procure goods and services at a fair commercial value.
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, governments and organizations across multiple industries can minimize financial loss, reduce corporate liability, and focus on providing higher value services to their clients.
For more information, visit: https://www.mindbridge.ai/
Name: Dipalli Bhatt