konaAI Fraud Risk Management Software

konaAI, a Covasant company, offers an AI-enabled, enterprise solution designed to identify global fraud, corruption, and enterprise risk. Trusted by Fortune 500 companies, processed over $1 trillion in financial transactions, konaAI empowers compliance, audit, risk, and finance professionals with real-time insights into transactions involving Vendors, Customers, and Employees. Built on a foundation of proprietary anti-fraud algorithms and advanced analytics, konaAI enables organizations to shift from reactive risk mitigation to predictive risk management.

konaAI helps enterprises:

· Ensure key stakeholders have access to targeted financial data to enable timely monitoring and assessment of core risks

· Combat fraud and corruption through intelligent 3 party transaction risk monitoring

· Continuously monitor and assess key business, operational and industry risks that align, not only with your internal controls, but also with other global regulatory frameworks

With Cloud or On Premises deployment, konaAI leverages AI and ML, real-time case management capabilities and intuitive dashboards that transform complex insights into actionable decisions, enabling faster evaluation and remediation of potential risks.

Vendor 360° – Continuous Vendor Risk Intelligence – Full view of vendor behavior, with embedded AI-driven analytics, enabling procurement and compliance teams to Detect anomalies before they escalate, Audit in real-time and ensure alignment with anti-corruption and trade compliance laws

Detectable risks include Conflict of interest & kickbacks, Transaction anomalies & urgent payments, Segregation of duties violations, Sensitive keyword flagging & OCR matching and Circumvention of procurement controls

Employee 360° – Intelligent Employee Risk Monitoring - Assists in monitoring employee behavior and identify risks across policy circumvention, fraud, and ethics breaches.

Detectable risks include Fraudulent or policy-violations, Conflict of interest & anti-corruption breaches, Duplicative reimbursements or ghost transactions, Policy circumvention or repeated violations, OCR matching of expense receipts and Flags anomalous behavior patterns

Customer 360° – Smarter Customer Lifecycle Governance - From onboarding to ongoing transaction monitoring—ensuring due diligence, compliance, and integrity.

Detectable risks include Discount manipulation or sales anomalies, Improper revenue recognition, Profitability/margin pressure triggers, Price fixing, anti-trust flags, Distributor/sales channel abuse and AML violations and sanctions screening

konaAI's proprietary algorithms are continuously updated to reflect evolving global regulations. Each module is also fully customizable, allowing organizations to adapt detection logic and workflows to industry-specific regulations, internal policies, and geographic requirements.