Trending...
- Pre-Seed VC Martin Tobias Makes Fundraising Tool Available to Every Startup CEO as Investor Match
- LocalsVoted Launches: Local Rankings From Phone-Verified Votes, Not Paid Placement
- Spokane Police is Seeking Assistance Locating a Missing Adult Male
New capability separates transactions into collections to reveal insights faster
BOULDER, Colo., Feb. 22, 2024 /PRNewswire/ -- Valid8 Financial, the leader in Verified Financial Intelligence, today announced Stories, a new capability allowing users to quickly separate transactions of interest and group them into different collections to understand how financial activities unfolded over time and across locations.
Stories builds on Valid8's existing AI Categorization capabilities to provide investigators with a new, more powerful way to identify questionable transactions, including checks, deposits, transfers and payments, and mark them for further evaluation. It also offers a means to collaborate with other investigators and develop easy-to-understand case narratives.
"Stories delivers on our promise to continue addressing the tedious manual reviews and spreadsheet work that slow down investigations," said Valid8 Financial's CEO, Chris McCall. "The ability to quickly separate transactions of interest from routine ones allows investigators to narrow in on the activities that matter in a fraud case."
More on Washingtoner
The company's Verified Financial Intelligence platform provides forensic accounting, legal and government professionals with courtroom-ready evidence for a variety of complex financial investigations and disputes, including Medicaid fraud, partnership disputes, asset division, high-net-worth divorces and Chapter 11 bankruptcies.
Stories are pivotal in helping improve the speed and quality of rendering a professional opinion. Professionals can use Stories to:
"Stories saves us significant time by making it much easier to organize and categorize transactions and collaborate across the firm, allowing us to focus our efforts on the items warranting further examination," said Ken Feinstein, Managing Director, J.S. Held. "Transaction review has typically been tedious and resource-intensive, so there's tremendous value in expediting the process."
With fraud prosecutions and reported losses on the rise, Valid8's AI and automation allow users to quickly parse, reconcile and categorize financial data from numerous sources, including bank transactions, Bitcoin deposits and withdrawals, and even hand-written checks — eliminating sample risk in favor of mapping entire transaction histories. Stories helps users get even more from Valid8's industry-leading AI Categorization.
More on Washingtoner
"Transactions are like characters," said McCall. "With Stories, our customers can focus on the most relevant transactions and quickly reveal the plot."
Stories is the first of several new capabilities planned for 2024, following Valid8's $8.5 million Series A financing last November. The functionality is available now to all customers. For more information, please visit valid8financial.com.
About Valid8 Financial
Valid8 Financial is the global leader in Verified Financial Intelligence (VFI). The company's platform extracts accounting evidence from documents and systems to eliminate sample risk, address staffing challenges, and improve the speed and quality of rendering a professional opinion. Hundreds of firms use Valid8's software on some of the world's most complex, high-profile cases. The company holds numerous patents and was recognized in 2023 as a Top Financial Restructuring Services Provider from Financial Services Review and in 2022 as a Technology Innovation Award Winner from CPA Practice Advisors and as a Top 100 Early Stage Company by Will Reed. The company has headquarters in Boulder and Seattle. For more information, visit: www.valid8financial.com.
Media Contact
Sam Perry
BLASTmedia for Valid8 Financial
317.806.1900 x152
[email protected]
SOURCE Valid8 Financial
BOULDER, Colo., Feb. 22, 2024 /PRNewswire/ -- Valid8 Financial, the leader in Verified Financial Intelligence, today announced Stories, a new capability allowing users to quickly separate transactions of interest and group them into different collections to understand how financial activities unfolded over time and across locations.
Stories builds on Valid8's existing AI Categorization capabilities to provide investigators with a new, more powerful way to identify questionable transactions, including checks, deposits, transfers and payments, and mark them for further evaluation. It also offers a means to collaborate with other investigators and develop easy-to-understand case narratives.
"Stories delivers on our promise to continue addressing the tedious manual reviews and spreadsheet work that slow down investigations," said Valid8 Financial's CEO, Chris McCall. "The ability to quickly separate transactions of interest from routine ones allows investigators to narrow in on the activities that matter in a fraud case."
More on Washingtoner
- Resident Inspect Expands Virtual Property Inspections With AppFolio and Rentvine Integrations
- Unlocking the Next Phase of Growth with New AI Innovations; Targeting 2027 as Breakeven; Revenue Momentum Accelerates: ZenaTech (N A S D A Q: ZENA)
- AeroNet Deploys netElastic vBNG and CGNAT with Tarana Wireless to Deliver Scalable, Fiber-Class Broadband Across Puerto Rico
- New Atlas Maps the 38 States Behind Every Conversation
- Atlanta Company Launches Free, Ad-Free, Nonpartisan Voter Planning App for All 50 States Ahead of the Nov. 3 Election
The company's Verified Financial Intelligence platform provides forensic accounting, legal and government professionals with courtroom-ready evidence for a variety of complex financial investigations and disputes, including Medicaid fraud, partnership disputes, asset division, high-net-worth divorces and Chapter 11 bankruptcies.
Stories are pivotal in helping improve the speed and quality of rendering a professional opinion. Professionals can use Stories to:
- Collaborate across and between firms, saving many hours previously spent writing detailed emails or reviewing transactions together in meetings.
- Build their final, courtroom-ready evidentiary narrative.
"Stories saves us significant time by making it much easier to organize and categorize transactions and collaborate across the firm, allowing us to focus our efforts on the items warranting further examination," said Ken Feinstein, Managing Director, J.S. Held. "Transaction review has typically been tedious and resource-intensive, so there's tremendous value in expediting the process."
With fraud prosecutions and reported losses on the rise, Valid8's AI and automation allow users to quickly parse, reconcile and categorize financial data from numerous sources, including bank transactions, Bitcoin deposits and withdrawals, and even hand-written checks — eliminating sample risk in favor of mapping entire transaction histories. Stories helps users get even more from Valid8's industry-leading AI Categorization.
More on Washingtoner
- NECP Promotes Chertova to Senior Business Analyst
- Security Industry Veteran Anthony Rumore Launches AegisLead to Help Security Companies Find Business and Manage Growth
- Charlie Shaw and Patrick Carragher win SEO Agency of the Year 2026
- Canadian Woman Plants 1,667 Love Stories in a Field of Peonies That Could Bloom for 100 Years
- New Research Spotlight, Expanding TUSC2 Science & Strategic Development Milestones Put Gene Therapy Innovation into Focus for Genprex (NAS DAQ: GNPX)
"Transactions are like characters," said McCall. "With Stories, our customers can focus on the most relevant transactions and quickly reveal the plot."
Stories is the first of several new capabilities planned for 2024, following Valid8's $8.5 million Series A financing last November. The functionality is available now to all customers. For more information, please visit valid8financial.com.
About Valid8 Financial
Valid8 Financial is the global leader in Verified Financial Intelligence (VFI). The company's platform extracts accounting evidence from documents and systems to eliminate sample risk, address staffing challenges, and improve the speed and quality of rendering a professional opinion. Hundreds of firms use Valid8's software on some of the world's most complex, high-profile cases. The company holds numerous patents and was recognized in 2023 as a Top Financial Restructuring Services Provider from Financial Services Review and in 2022 as a Technology Innovation Award Winner from CPA Practice Advisors and as a Top 100 Early Stage Company by Will Reed. The company has headquarters in Boulder and Seattle. For more information, visit: www.valid8financial.com.
Media Contact
Sam Perry
BLASTmedia for Valid8 Financial
317.806.1900 x152
[email protected]
SOURCE Valid8 Financial
0 Comments
Latest on Washingtoner
- "BROOKLYN, BROOKLYN, BROOKLYN" children's book and official YouTube channel launch on October 27th
- Expanding Into Medically Supervised Wellness With Major Apollo Wellness Centers Announcement; Sibannac, Inc. (Stock Symbol: SNNC)
- Nextlink Internet Deploys netElastic to Modernize Its Hybrid Broadband Network
- Dynamic Relaunch as AI Predictive Cybersecurity Company Optimized to Prevent Threats Proactively: Cycurion, Inc. (N A S D A Q: CYCU)
- EMBER™ Unveils the Workplace Identity Score™ (WIS™), the First Standard for Measuring Workplace Impact on Workforce Performance & Business Growth
- With Oil Prices Surging…Sky Quarry's Nevada Refinery Is Back in Action — CEO Highlights a Powerful New Growth Chapter for (N A S D A Q: SKYQ)
- Preston Dermatology & Skin Surgery Center and Dr. Sheel Desai Solomon Win Gold in Raleigh's Best Awards for Second Consecutive Year
- We are Talker Study: 64% of AI Users Have Bought From a Brand AI Introduced, as The Invisible Shortlist Reshapes Brand Discovery
- One in three Americans may have lost track of retirement savings from a previous job
- Political Concerns Drive US Investors to Golden Visas
- Tacoma: T-Town Takes Over the Dome Oct. 30
- New Book Savvy Not Sabotaged Helps Those Hurt by Betrayal Set Boundaries Without Shutting Others Out
- CPPS to Host Webinar on the Revised ASIS Workplace Violence Prevention and Intervention Standard
- CPPS Renews ASIS International Preferred CPE Provider Status
- Sturtevant's Offers Free Ski and Snowboard Edge-and-Wax Services in Bellevue Oct. 29
- Pre-Seed VC Martin Tobias Makes Fundraising Tool Available to Every Startup CEO as Investor Match
- Squaawke releases memorial songs for Canadian woman who Homeland Security detained
- 2027 Health Insurance Open Enrollment
- Gahl Sasson Releases "Agents of Chaos & Angels of Change: The Astrology of 2027
- Spokane Police is Seeking Assistance Locating a Missing Adult Male