--To the press -
FRONTEO and AI document review efficiently identify evidence documents in accounting fraud investigation cases at overseas subsidiaries of Japanese companies
Achieves high-precision narrowing down of surveyed documents in three languages
Masahiro Morimoto, President and CEO
2-12-23 Konan, Minato-ku, Tokyo
(Code number: 2158 TSE Growth)
FRONTEO Inc. (Headquarters: Minato-ku, Tokyo, President: Masahiro Morimoto, hereafter FRONTEO) uses AI-based document review tool "KIBIT Automator" in accounting fraud investigation cases of Japanese corporate subsidiaries in the United States. We will inform you that we have identified documents that can be evidence with high accuracy and in a short period of time, and have greatly improved the efficiency of investigation work.
Accounting fraud in a company is a serious problem that affects the relationship of trust with stakeholders such as customers and shareholders, and may affect the survival of the company.In fraud investigation, it is necessary to quickly find documents that may be related to fraud from complicated and huge materials and data within the limited investigation time. FRONTEO utilizes KIBIT Automator for accounting fraud investigations, establishes an appropriate division of labor system between AI and people in work, know-how to maximize efficiency, etc., and carries out investigations promptly and surely, companies and society. It corresponds to the needs of.
In this project, by utilizing KIBIT Automator, we succeeded in identifying documents that could be evidence from the approximately 8 documents surveyed with high accuracy and in a very short investigation period of approximately one week. Did.The number of related documents that can be evidence is as small as about 1% of the total, and it is difficult to find them efficiently by reviewing only by the work of people who do not utilize AI.However, in this case, by introducing AI analysis that greatly improves the review speed without sacrificing the quality of the review, it is possible for the reviewer to review similar documents at once, which is a significant work. Realized efficiency.
KIBIT Automator is highly evaluated for its ability to discover "data you want to find" in a short time from a huge amount of data, and is evaluated for international litigation cases, arbitration cases, US authorities investigation cases, and investigation cases in Japan. But it is widely adopted.This case was a complicated investigation that required multilingual (trilingual) document analysis across the border between Japan and the United States, which is an accounting fraud investigation in the United States, but I have a wealth of experience in such cross-border projects. Through a digital forensic survey conducted by FRONTEO, we were able to provide excellent services to our customers.
FRONTEO will continue to promote the sophistication of AI solutions, reduce the burden and efficiency of corporate proceedings and investigations, and contribute to the early resolution of problems.
■ About KIBIT Automator URL: https://legal.fronteo.com/products/kibit-automator/
"KIBIT Automator" improves the efficiency of document review work in electronic discovery (e-discovery), reduces the burden on workers, and reduces costs, among other discoveries required in the trial procedure of US civil proceedings. An AI tool developed for the purpose, released in March 2019.Applying the research method used in discovery, AI is used to examine and analyze large-capacity e-mails and electronic files that are evidence materials.In recent years, it has been utilized as one of the important processes of digital forensic surveys in the surveys of third-party committees in Japan, and it is expected to respond to the short-term information disclosure required by companies.
■ About KIBIT URL: https://www.fronteo.com/products/kibit/
"KIBIT" is an artificial intelligence that analyzes text without relying on keywords, using a unique machine learning algorithm that reproduces the "tacit knowledge" possessed by specialists and business experts.With high natural language processing technology, high-precision analysis can be performed in a short time with a small amount of teacher data, contributing to operational efficiency and sophistication in fields such as fraud investigation, intellectual property strategy, skill transfer, and risk prediction. doing.
■FRONTEO URL: https://www.fronteo.com/
FRONTEO uses the in-house developed AI engine "KIBIT", "Concept Encoder", and "Looca Cross" specializing 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 developed.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 (currently TSE Growth) 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).
* FRONTEO, KIBIT, and concept encoder are registered trademarks of FRONTEO in Japan.