konaAI Fraud Risk Management Analytics Ecosystem

konaAI, a Covasant company, offers an AI-enabled, enterprise solution designed to reduce global fraud, corruption, and enterprise risk. Trusted by Fortune 500 companies and processing 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 third-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.

• Deployed securely in the cloud or on premises, konaAI leverages AI and ML along with real-time case management capabilities and intuitive dashboards that transform complex insights into actionable decisions, enabling faster evaluation and remediation of potential risks.

konaAI offers three modular, yet deeply integrated solutions with pre-built, continuously updated detection algorithms to ensure compliance, detect anomalies, and accelerate investigations.

Vendor 360° – Continuous Vendor Risk Intelligence

Vendor 360° provides a full-spectrum view of vendor behavior across your enterprise. With embedded AI-driven analytics, it enables procurement and compliance teams to:

· Detect anomalies before they escalate

· Audit in real-time

· 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

· Circumvention of procurement controls

Employee 360° – Intelligent Employee Risk Monitoring

Employee 360° assists procurement, compliance, and internal audit teams to monitor employee behavior and identify risks across policy circumvention, fraud, and ethics breaches.

Detectable risks include:

· Fraudulent or policy-violating expenses

· Conflict of interest & anti-corruption breaches

· Duplicative reimbursements or ghost transactions

· Policy circumvention or repeated violations

· OCR matching of expense receipts

· Flags anomalous behavior patterns

This enables rapid evaluation, risk scoring, and resolution through a unified case management interface.

Customer 360° – Smarter Customer Lifecycle Governance

Customer 360° secures every stage of the customer lifecycle—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

· AML violations and sanctions screening

konaAI’s customer module helps enterprises manage reputational and regulatory risks while delivering better oversight of top line revenue. 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.