MindBridgeAI InternalAudit Finance Brochure RiskDiscovery 02022024.pdf

AI-powered anomaly detection designed for financial professionals

MindBridge AI exists to empower every organization to minimize
unknown financial and operational risk

Why choose MindBridge AI?

MindBridge is an AI-powered risk analytics
platform designed for financial professionals.
Leading the industry with the most advanced
analytics for identifying finance anomalies
in business data and ledgers, MindBridge
calculates risk scores on 100% of any type of
numerical data set.

MindBridge provides data-driven analytics
with the most effective and highest quality
insights, enabling your team to focus on
critical business issues. Analyzing data with
AI, statistical methods, and traditional rules
increases the likelihood of identifying errors and
potential fraud by over 100x. With MindBridge AI,
companies can increase trust, transparency and
efficiency across their business processes with
greater control effectiveness, improved data
quality and deeper assurance.

MindBridge is an ISO/IEC 27001:2013, ISO
27017:2015, and ISO 27018:2019 certified secure
platform and has Type 2 SOC 2 & Type 2 SOC 3
attestation reports.

Explore our MindBridge AI Transaction Risk
Analytics platform, and empower your business
with the robust capabilities of Vendor Invoice,
Revenue, Payroll, General Ledger, and Company
Card Risk Analytics to ensure unparalleled
insight, compliance, and risk management
across diverse financial data sets.

The global standard for AI-powered risk discovery

• 25,000+ financial professionals globally
use MindBridge AI

• Improve effectiveness and efficiency of
internal controls through automation of
manual activity

• Algorithm assurance performed by Holistic
AI, a world leading expert in AI methods,
algorithm safety and robustness

Designed for ease of use

• Findings displayed on coherent MindBridge
AI dashboards or loaded via API into your
existing system(s)

• “Plain English” definitions for why transactions
were flagged

• Directs attention to the highest risk anomalies
without having to sort through “the noise”

Deep & holistic accuracy

• Traditional rules, statistical methods, and AI
work together to analyze every transaction

• Surfaces patterns & connections between
transactions and across sub-ledgers/accounts

• Configurable based on differences in
client-specific data

Featured benefits

Know the previously unknown in your data

Better use of your time by focusing on
the highest risk items

Flexibility to apply advanced anomaly
detection to almost any numeric dataset

Full drill-down capabilities to mitigate
and know why an item was identified

Early detection of issues for overall
reduced cost of mitigation or remediation

Become data-driven in your decisions

On-board new advanced analysis
products and platform quickly

MindBridge use cases

MindBridge anomaly detection is providing value across all three lines of risk management
through unique industry use cases, delivering new insights at scale for financial and
operational datasets.

Who is using the MindBridge AI platform?

Internal Control over Financial Reporting (ICFR)
continues to be a key focus for international
and regional regulators, and a critical part of the
Chief Financial Officer (CFO) responsibilities
to ensure that financial statements are
accurate and free from material misstatement.
Transformative companies, such as Polaris, have
bolstered their internal control frameworks with
AI (AiCFR) embracing a data focus to be better,
faster, smarter, and more efficient.

“MindBridge allows you to take a top
down or a bottoms up approach. Risk
Segmentation functionality was a
game changing moment for us to get
down to the entry level detail, allowing
you to pinpoint and home in on
critical financial risk areas, MindBridge
does all of that analysis for you.”

• Chris Swanson
  Manager of Internal Audit Data
  Solutions, Polaris

Identify transactions that are indicators of bypass or lack of ineffective controls

Trust

MindBridge delivers dynamic
risk assessments, greater control
effectiveness and deeper assurance.

Transparency

MindBridge retains evidence of your
control and audit activity and improves
data quality.

Efficiency

MindBridge identifies opportunities to
reduce process gaps and increase internal
control efficiency.

Talk to our professionals and learn how
MindBridge AI™ can empower your organization,
contact us at info@mindbridge.ai.

We’ll be happy to schedule a discussion and
get you started on a path to leveraging AI to
help surface business critical data anomalies.