With the rise of generative AI tools like ChatGPT, creating realistic fake invoices has become disturbingly easy. What once took hours of manual forgery can now be executed in seconds—at scale. For auditors, that changes everything. The Problem: Fake Invoices Are Undermining Trust Invoices have long been considered one of the most trusted forms of audit evidence. … Read more
For decades, financial audits have relied on sampling—a method where auditors review only a small subset of transactions to determine overall compliance. But in an era where data is abundant, is that really enough? MindBridge CEO Stephen DeWitt puts it into perspective: “That would be like your entire medical future being determined by a single … Read more
Your data tells a story, and it can reveal irregularities if you know how to read it. Anomaly detection can do just that, helping you find outliers that can point to issues like fraud. Whether it’s a suspicious transaction, a cybersecurity threat, or an operational hiccup, anomalies hold the key to insights that can save … Read more
Empowering Fraud Detection with AI Technology As large organizations face rising fraud risks, traditional fraud detection methods are often insufficient. Rather than replacing existing systems, AI fraud detection enhances and augments them, providing financial professionals with continuous monitoring across all transactions. MindBridge’s AI-driven platform empowers financial professionals to monitor all financial transactions continuously, ensuring no … Read more
