The forensic AI that can predict corporate collapse! – The Transparently Story

Watch the video version on YouTube: https://youtu.be/j5HZhwSuVy4In his inaugural episode of the London Fintech Podcast, host Tony Clark takes over from Mike Baliman and takes a deep dive into the world of AI powered forensic accounting.Research shows that 1 in 10 US firms are cooking the books and that accounting manipulation is a $4.7Tn industry problem, in the US alone. Transparently has built an AI platform that can detect and score accounting manipulation, often years ahead of corporate collapse!Tony talks with Dr. Hamish Macalister, the founder and CEO of Transparently AI. They discuss the prevalence of accounting manipulation in global markets, the statistical mechanics behind Transparently’s AI system, the varied use cases spanning banking, asset management, auditing, and regulation, and touch upon the ethical commitment Transparently has towards transparency and accuracy.Hamish shares his journey, the company’s rapid evolution, and exciting future prospects involving generative AI integration. The episode provides deep insights into the significance and mechanics of forensic AI in tackling financial fraud.Meet the New Host: Tony ClarkTony’s Background and Vision for the ShowIntroducing Dr. Hamish McAllister – quant strategist, professor & AI inventorThe potential of AI in FinanceTransparently AI: Forensic AccountingTime away from the startup – Scuba divingHamish’s Career Journey & asking the Singapore government to reduce their research grant!Founding Transparently AIBuilding the Transparently AI TeamCooking the books – the $4.7Tn problem (and opportunity..). Forensic reports in seconds..85,000 companies – scoring every listed company since the 80’sPredicting corporate collapse – years ahead..Exploring Corporate Governance and Asset QualityMinimizing False Positives in Financial SystemsClient Base and Use CasesEthical Considerations and TransparencyHow Transparently AI WorksReal-World Applications and Case StudiesInvestment from Franklin TempletonTransparently 2.0 – Generative AI Integration & Google AI accelerationThe world’s first AI Forensic accountant that you can actually talk toAdvice for FinTech EntrepreneursWhere to Learn More (and free trial offer)More info:Transparently.ai: https://www.transparently.aiHamish: https://www.linkedin.com/in/hamish-macalister-phd-0b558bb/Nextwave: https://www.nxwave.comTony: https://www.linkedin.com/in/tony-clark-07160b/