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Transparently.AI drops new web version to detect accounting fraud efficiently.

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TLDR:

  • Transparently.AI has launched a web-friendly version of its software to detect accounting fraud, making it more accessible to a wider range of companies.
  • Customers can now activate their anti-fraud solutions in minutes by purchasing directly from Transparently.AI’s website with a credit card.

Transparently.AI, a Singapore-based company, has introduced a web-friendly version of its artificial intelligence software designed to detect accounting fraud. This new self-service offering allows customers to easily activate their anti-fraud solutions in minutes by purchasing directly from Transparently.AI’s website with a credit card. The software, which can be seamlessly integrated into existing systems, offers different pricing options to cater to specific needs and budgets, making it a hassle-free solution for companies looking to protect themselves against accounting fraud. By leveraging AI technology, the software efficiently detects fraudulent activities, potentially saving businesses from financial losses and reputational damage.

Transparently.AI aims to make its anti-fraud solution accessible to a wider range of companies, enabling them to purchase and activate the software without going through a lengthy sales process. The company’s software is trained via machine learning to identify accounting red flags in corporate balance sheets, providing risk ratings and scores to measure the likelihood of accounting manipulation. Noteworthy customers of Transparently.AI include one of the world’s largest sovereign wealth funds, a global commercial bank, and one of the Big 4 auditors. In February, the AI startup received an investment from U.S. asset-management giant Franklin Templeton as part of a US$3 million pre-series A funding round.

Established in 2021, Transparently.AI has developed an AI-based system for automated detection of accounting manipulation and fraud in companies. The company has been recognized in the RegTech100 list for 2023, which features the most innovative regtech companies globally. With this latest launch, Transparently.AI is reinforcing its position as a leader in AI-powered anti-fraud solutions for the financial industry, providing asset managers, banks, auditors, exchanges, and others with a valuable tool to identify suspicious accounting practices and bolster corporate governance.


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