Bright! FRONTEO Official Blog

Bright! FRONTEO Official Blog

[Seminar Report] Executive Officer Nozaki gave a lecture at the 18th CFO Forum Japan

2018/12/20
Corporate Communication Department
One of FRONTEO's main businesses is civil litigation support in the United States, fraud investigation, and forensic investigation in the event of a security incident.In a civil lawsuit in the United States, an evidence disclosure process called "discovery" is performed after the proceeding is filed.In this method, both the plaintiff and the defendant, regardless of whether they are advantageous, disadvantageous, or neutral, submit evidence related to the allegations of either party to each other (discovery procedure) and conduct a fair trial.As the globalization of business progresses, the number of cases in which Japanese and Asian companies are involved in international litigation is increasing year by year, but due to differences in the litigation process and language, it is difficult to disclose sufficient evidence, and it is in a difficult situation. There is a company that goes away. FRONTEO has been focusing on this discovery (discovery procedure in civil lawsuits) support business since its predecessor, UBIC, and has a track record of 15 years.The technology using artificial intelligence cultivated in the discovery support work is fully utilized not only in discovery but also in fraud investigation and forensic investigation.This is the 18th time,CFO Forum JapanThe theme is "Management and financial strategy and digital management that challenge changes in global social and economic conditions," and Nozaki, who is the executive officer / chief engineer of FRONTEO, said, "International and domestic legal affairs that the CFO should know." He gave a lecture on the theme of "Countermeasures-Utilization of technology for crisis escape and management of total cost-". Problems such as international proceedings, information leaks, and fraudulent activities that can have a serious impact on corporate management are no longer limited to legal affairs, and the CFO who oversees accounting and finance cannot be left unrelated.In the session, Nozaki explained the current situation of the above problems, what to do when a case occurs, information disclosure and fraud investigation mainly in civil litigation proceedings, and the necessity of finding and preserving evidence associated with it. I explained about.In addition, a case where FRONTEO's artificial intelligence "KIBIT" was used to actually escape from the crisis situation (a listed company whose settlement of accounts is about to be completed 7 days later, and improper accounting of its subsidiary (sales replacement, carryforward) Possibility emerged) and so on.By utilizing artificial intelligence for discovery support work, it is possible to comprehensively investigate a huge amount of data in a short time, and as a result, it is possible to reduce the total cost of the investigation. FRONTEO will continue to focus on this field in order to meet the ever-increasing demand for compliance of companies. About FRONTEO's legal tech businessplease use this form..
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