How a Strategic AI Partnership Is Transforming Transaction-Level Audit and Risk Management at Enterprise Scale
Enterprise Financial Complexity Demands More Than Sampling-Based Controls
Global organizations managing financial operations across multiple markets face an escalating challenge: traditional audit and control methodologies—which rely on sampling a fraction of transactions—can no longer keep pace with the volume, velocity, and complexity of modern enterprise data. For digitally-driven companies operating in diverse regulatory environments, gaps in financial visibility translate directly into compliance risk, operational inefficiency, and diminished stakeholder trust.
VEON Ltd. (NASDAQ: VEON), a global digital operator, has addressed this challenge head-on through a strategic collaboration with MindBridge, the leader in AI-powered financial intelligence. The partnership deploys artificial intelligence-driven analytics tools across VEON’s worldwide operations, fundamentally changing how the organization approaches finance, internal controls, and internal audit processes.
Deploying a Centralized AI Platform for Transaction-Level Analysis
At the core of this collaboration is MindBridge’s Central Insights Factory (CIF), a group-wide AI-powered platform that VEON will implement to analyze 100% of financial transactions rather than relying on statistical samples. This comprehensive approach enables the identification of risks and control insights with unprecedented consistency, precision, and efficiency across VEON’s operating companies.
The shift from sample-based to population-level analysis represents a paradigm change in financial oversight. By examining every transaction through AI-driven algorithms, VEON gains a complete, real-time picture of financial and operational data flows—creating what MindBridge CEO Stephen DeWitt describes as “a shared source of truth across finance, risk, and internal audit.”
Standardization Meets Scalability in Multi-Market Operations
VEON’s geographic footprint and industry diversification create extraordinary data complexity. The MindBridge collaboration directly supports the company’s need for standardized, scalable analytical frameworks that can function consistently across different markets, currencies, and regulatory contexts. For a Nasdaq-listed company, this level of rigor and transparency is not merely operational—it is a strategic imperative.
“As we expand our digital services portfolio, strong and scalable data solutions are a strategic imperative,” said Kaan Terzioglu, VEON Group CEO. “Our collaboration with MindBridge supports this objective and aligns strongly with our AI1440 vision, by embedding Augmented Intelligence into our data control processes and empowering our organization—ultimately helping us serve our customers better.”
Extending AI-Powered Financial Intelligence Beyond Internal Operations
Beyond enhancing VEON’s own financial analytics capabilities, the partnership includes plans to explore jointly offering AI-powered financial analytics services to business customers and governments. This extension reflects both companies’ recognition that the value of transaction-level AI insights extends across the broader ecosystem, particularly for organizations seeking improved transparency and control in their own financial operations.
The collaboration embodies VEON’s AI1440 strategy, which centers on applying artificial intelligence to unlock better outcomes and long-term economic value across its markets. By embedding AI-powered insight directly into critical financial processes, VEON enables more informed decision-making throughout the enterprise while maintaining explainable, trustworthy outputs for finance leaders, auditors, and regulators.
Industry Impact and the Path Forward
As enterprises increasingly recognize the limitations of legacy audit and control methodologies, AI-driven financial intelligence platforms are emerging as essential infrastructure for modern finance organizations. The VEON-MindBridge collaboration demonstrates how Augmented Intelligence can move beyond isolated analytics use cases to deliver trusted, enterprise-wide insights that strengthen controls, support regulatory transparency, and drive operational excellence at scale.
About VEON
VEON is a digital operator that provides connectivity and digital services to nearly 150 million connectivity customers and over 140 million digital users. Operating across five countries that are home to more than 6% of the world’s population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. VEON is listed on NASDAQ. For more information, visit: https://www.veon.com.
About MindBridge
MindBridge AI is a financial intelligence platform that delivers continuous insight across 100% of financial transactions. Its proprietary AI, analyzes data across enterprise systems of record, identifying errors, anomalies, and potential fraud in real time. Trusted by CFOs, auditors, and regulators worldwide, MindBridge provides transparent, explainable AI that strengthens internal controls, enhances compliance, and enables more confident financial decision-making.
