Varun Mowar

Organisations worldwide grapple with the menace of organisational fraud. Such frauds not only destroy shareholder value but also impact financial performance. However, the most damaging aspect of fraud is reputational damage, which affects growth and adversely impacts a company's ability to attract talent and capital providers. Despite significant regulatory and board-mandated efforts to combat this detrimental behavior, fraud incidences continues to grow globally. This is because fraud risk management is essentially a post-facto exercise, and most measures are retrospective than proactive. As per an ACFE study, over 95% of fraud incidences are identified after going undetected for an average of 9-12 months. Fortifai is on a mission to address this colossal need gap through its SaaS (“Software As A Service”) platform, which proactively and continuously monitors enterprise systems, identifying patterns and signals of fraudulent behavior. The Fortifai platform enables organisations to monitor, detect, investigate, and protect against potential fraud/regulatory risks. It has been designed from the ground up by Industry experts with deep domain expertise. Fortifai leverages AI to automate, enhance and fortify the fraud risk management procedures that functional experts use to manage risks today.