konaAI, a Covasant company

About konaAI: At konaAI, our mission is to empower compliance, audit, and risk-management professionals to measurably reduce global fraud, corruption, and enterprise risk. We deliver on this mission through our research-driven, proprietary, and flexible library of analytic risk signals, delivered via an easy-to-use, highly scalable, and cost-effective software platform. Join us, and over two dozen of our Fortune 500 software customers, as we collaborate to drive integrity and transparency in global commerce through data analytics and machine learning. Why konaAI: For all the talk of strategies to fight global inflation, not enough has been spent on strategies to fight corruption. According to the World Economic Forum, Global corruption costs Global GDP about $3.6 trillion dollars annually, most of it is paid in the form of higher prices and related costs. A significant part of the problem rests with risk management across value chains. Until now, most corporate compliance programs and investigative strategies rely on approaches such as third-party background checks or antiquated rules-based sampling that follow traditional audit rules to identify risk. Few anti-fraud and compliance programs have taken the critical step of assessing how effective their programs actually are in fighting corruption. But today, the U.S. Department of Justice states that compliance officers have a responsibility to understand their data landscapes and have continuous access to operational data and information across business functions. Siloed or inaccessible data is no longer a defensible position. This is why konaAI was developed.