AuditXPRT makes use of artificial intelligence (AI) and machine learning to automate compliance and auditing to save companies time and money while reducing their exposure to risk.
Their iXPRT platform utilises cutting edge AI technology to created a fully automated, powerful compliance and auditing tool. As a result, it can reduce the cost and time of compliance assurance by up to 90% while processing 100% of the data population. This puts an end to dip testing and sampling, while also maintaining an accuracy rating of 80% and above.
Example use cases include Know Your Customer (KYC) processes for anti-money laundering (AML) requirements, automated compliance for any industry that needs to maintain certain standards, as well as auditing.
Hailing from the UK, AuditXPRT is helmed by Dr Bimal Roy Bhanu (CEO) and Nadeem Shakoor (COO), and is now looking to broaden its horizons by expanding into Asia.