Editor in Chief (interim) AccountingWEB
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AI specialist MindBridge comes to London

Canadian-based artificial intelligence software developer MindBridge has opened a London office to spearhead its expansion into the European market.

9th Mar 2020
Editor in Chief (interim) AccountingWEB
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AI developer MindBridge opens European HQ in London
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MindBridge is best known for pioneering the use of automated analytics for audit purposes, pulling in companies’ entire transaction databases for the year to look for trends and anomalies. Bigger firms such as Kingston Smith and Kreston Reeves are already using these tools in their UK audits and IRIS has an agreement to market the software to its customers as the IRIS Ai Auditor.

Over the past year or so, MindBridge has been expanding into other areas such as risk and anomaly detection, corporate finance and banking, where it is now working with institutions including the Bank of Canada and the Bank of England. Having access to AI-powered software gives organisations of all kinds the ability to bring these analyses techniques in-house without needing to invest heavily in data science and programming skills, according to Rachel Kirkham, the company’s new director of AI solutions for Europe.

Kirkham previously worked as head of data analytics and research at the National Audit Office and was brought in to spearhead the London operation.

“London is a massive centre of fintech excellence, so MindBridge should be here,” Kirkham said. “There’s a great pool of data science talent and being in London gives us a great opportunity to widen our client base out of audit and assurance into wider markets.

“We want to demonstrate to the UK and European market that we’re a really serious player that can provide excellent customer service by being in the same time zone and respond quickly to their needs.”

After overseeing the new HQ opening on Tuesday 10 March, Kirkham told AccountingWEB her first priority was to sharpen the focus on requirements for the core product in the European marketplace.

“MindBridge will bring the AI as close to the auditors as possible, so we’ll be talking the same language and supporting the way auditors work,” she said. “My job will be to support major clients navigating uncertain times for the audit industry by getting the best out of our software and integrating it into their processes”.

At the same time, Kirkham plans to “get to know the financial services sector better” to build new partnership opportunities for MindBridge applications.

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