Mar 30, 2022
Originally published here.
Triple-digit growth and outstanding customer engagement position MindBridge to capture the emerging global AI financial risk discovery market with more than 35 billion entries analyzed to date
OTTAWA, ON, March 30, 2022 /PRNewswire/ -- As the world has worked on containing the global pandemic since 2020, organizations have picked up momentum in using the power of artificial intelligence to identify areas of risk in their financial records.
With financial professionals accelerating their adoption of AI in performing a comprehensive risk analysis of financial data, MindBridge, a global leader in AI-powered financial risk discovery, has been experiencing rapid growth and scaling up operations to support ever-increasing demand for its industry-leading platform. Over the past two years, MindBridge has:
To date, more than 35 billion rows of financial entries from a diverse set of financial data of more than 900 ERP systems and 17,000 unique organizations worldwide have been analyzed through MindBridge's core AI SaaS-based application.
These accomplishments, and the accelerated adoption of AI from its customers, resulted in MindBridge completing the fiscal year 2021 with an increase of 233% in committed customer recurring revenues.
MindBridge's accelerated growth and cross-industry adoption in the accountancy and enterprise markets continue to validate MindBridge's mission to increase the quality and assurance in the analysis of financial transactions using AI.
"2022 will be the defining year for solutions the breadth and depth of MindBridge as we approach a tipping point where AI transcends the nice-to-have versus the need-to-have chasm with velocity and scale," said Leyton Perris, Chief Executive Officer of MindBridge. "I am extremely proud of the dedication of the MindBridge family and exceedingly grateful to our customer base for leading the charge in materially transforming the industry as we once knew it."
MindBridge, a provider of the world's leading financial risk discovery platform, helps auditors, accountants, and financial professionals become more efficient and profitable. From transactional risk assessment to organizational process improvements, users are provided with the AI-embedded tools, visualized analytics, and in-depth resources they need for stronger analysis, assessments, and advisory services. Artificial intelligence and industry expertise set the MindBridge platform apart to surface errors, intentional or not. The organization has been recognized by the World Economic Forum as a Technology Pioneer in 2020 and by Forbes as a Top 50 AI Firm to Watch in 2021 for its contribution to transforming accounting and financial professionals' ability to analyze data. Founded in 2015 in Ottawa, Canada, MindBridge serves customers in audit and advisory, enterprise, government, and financial institution segments around the world.
CONTACT: Madeline Knapp