Valid8 Financial Launches "Stories" to Accelerate Financial Fraud Investigations
Washingtoner/10248866

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

• USA Air Management Marks 30 Years of Air Duct Cleaning in NJ Urges Homeowners to Schedule Dryer Vent Cleaning Before Heating Season
• Dr. Jay Johannigman Returns to Cincinnati Following 46 Years of Military Service
• Spokane: Flags Will Be Lowered for Former Legislator Mike Cooper
• Allstream Energy Partners, SEO Experts in Oil and Gas, Awarded Gas Processing OEM Agreement
• Growth Story Expands: $54.6M Contract, $30M Revenue Run Rate, 800+ Customers, 50+ Patents & New AI Cybersecurity Products for Cycurion, Inc $CYCU

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

• Sky Quarry Restarts Nevada's Only Crude Oil Refinery — A Major New Chapter Begins in This Highly Lucrative sector for N A S D A Q: SKYQ
• Nutriband Inc. (N A S D A Q: NTRB) Breaks Into Uncharted Territory: 52-Week High Eclipsed as Shares Surge 22% —AVERSA™ Puts Investors on High Alert
• Spokane: City Creates Reduced Utility Rates for Micro-Sized Living Units
• Spokane: Daughters of the American Revolution Dedicate "Never Forget Garden" in Riverfront Park to Honor Veterans
• Spokane: Police Arrest Registered Sex Offender for Child Sexual Abuse Material

"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

---

Show All News | Disclaimer | Report Violation