Error and Anomaly Detection in finance leverage AI and ML to identify errors, mistakes, or unusual activity, as well as violations of internal policies, compliance rules, and accounting standards. These tools report anomalies and errors in real-time or via periodic batch processing, allowing users to take investigative or corrective actions on findings. These tools can be leveraged as on-premises, cloud-based or stand-alone solutions; or integrated with accounting and reporting systems (e.g., ERP). The typical users of these tools are risk management teams, fraud, and financial analysts, IT security teams, and compliance officers.
Finance refers to the products and services that support the planning, management, analysis, and optimization of financial operations across enterprises and financial institutions. This category includes markets that support core accounting, financial planning, treasury, tax, audit, compliance, investment management, and digital banking—enabling organizations to maintain financial integrity and ensure regulatory compliance.