FRONTEO Starts Demonstration Experiment of Internal Fraud Investigation / Audit Solution "Lit i View XAMINER" at Taiwanese Company

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2022.02.24 Press release

--To the press -

FRONTEO Starts Demonstration Experiment of Internal Fraud Investigation / Audit Solution "Lit i View XAMINER" at Taiwanese Company

Introduced as a compliance measure, verified analysis using Chinese data

FRONTEO Inc.
Masahiro Morimoto, President and CEO
2-12-23 Konan, Minato-ku, Tokyo
(Code number: 2158 TSE Mothers)

 FRONTEO Taiwan, Inc. (Location: Taipei, Taiwan, Representative: Shigecho Ikegami, hereinafter FRONTEO Taiwan), a Taiwanese subsidiary of FRONTEO Inc. (Headquarters: Minato-ku, Tokyo, President: Masahiro Morimoto, hereinafter FRONTEO) Announces that a large Taiwanese company will start a demonstration experiment using FRONTEO's proprietary internal fraud investigation ∙ audit solution "Lit i View XA MINER".

 

 This demonstration experiment is a company supported by FRONTEO Taiwan in the case of a cartel project including Taiwanese, Korean, and Japanese companies investigated by the US Department of Justice, and will be implemented as a future compliance measure. FRONTEO Taiwan's local operation support capabilities, capabilities for Asian languages ​​including AI analysis, and the fact that it is useful not only for emergency response such as the occurrence of proceedings and investigations, but also for finding signs of fraud in peacetime, etc. were evaluated and led to the introduction. I did.The demonstration experiment will further demonstrate the utility of comprehensive and defensive audits for the company.

 

 International cartel deals can be subject to a $ 1000 million surcharge for deemed violations, as well as the potential for executives and employees to be sentenced to imprisonment and the risk of losing their corporate image. Prevention is extremely important in the enterprise as it can lead to damage. The audit system equipped with AI "KIBIT" provided by FRONTEO contributes to the detection and prevention of signs.It is also used in the US Department of Justice's compliance program and is highly evaluated for its analysis accuracy and effectiveness.

 

 FRONTEO will continue to support corporate activities by developing high-quality AI solutions and providing services.

 


■ About FRONTEO
 URL:https://www.fronteo.com/
FRONTEO uses the in-house developed AI engines "KIBIT", "Concept Encoder", and "Looca Cross" that specialize in natural language processing to extract meaningful and important information from a huge amount of text data, and is a company. It is a data analysis company that supports the business of. Since its establishment in August 2003, it has been expanding globally to Japan, the United States, South Korea, and Taiwan, focusing on legal tech businesses such as "e-discovery (electronic discovery)" and "digital forensic investigation" that support corporate international litigation. Has been deployed.Based on the AI ​​technology cultivated in this business, we will expand the business field to the life science field, business intelligence field, and economic security from 8, and by using AI to "turn text data into knowledge", We contribute to solving various corporate issues such as drug discovery support, dementia diagnosis support, financial, personnel, and sales support. Listed on TSE Mothers on June 2014, 2007. Obtained a first-class medical device manufacturing and sales business license in January 6 (permit number: 26B2021X1), and notified the managed medical device sales business in September of the same year (notification number: 13 Minato Misei Equipment No. 1).The capital is 10350 thousand yen (as of March 9, 3).

■ About Lit i View URL:https://legal.fronteo.com/products/e-discovery/
Lit i View is a solution that covers the eDiscovery process flow (from data processing to document review), offering flexible workflows, powerful search capabilities, and text analysis capabilities.An eDiscovery software that can accurately identify and process Asian character sets and various file applications.

* FRONTEO, KIBIT, and concept encoder are registered trademarks of FRONTEO in Japan.

<Contact information for the press>

PR Department, FRONTEO, Inc.

Email: pr_contact@fronteo.com