Irvine-based Kona AI, a startup in AI-driven compliance and anti-fraud data analytics, appointed Vincent Walden as its new chief executive officer.
Walden, who was a partner at Ernst & Young, most recently was a managing director with Alvarez & Marsal’s Disputes and Investigations unit in New York.
The Association of Certified Fraud Examiners yesterday named Walden as the Certified Fraud Examiner of the Year Award for “outstanding achievement in the field of fraud examination.”
“We are thrilled to have such a prominent industry leader as Vincent Walden at the helm,” founder Anil Kona said in a statement. “His insight and expertise will enable us to rapidly expand on our mission in fighting global corruption using advanced analytics and AI techniques.
Kona AI, which was created three years ago, says it uses artificial intelligence to find corrupt patterns in financial data. The company estimates corruption to be a $3.6 trillion annual problem worldwide.