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Kona AI Names Vincent Walden as New CEO

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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.

 

Peter J. Brennan
Peter J. Brennan
Peter J. Brennan has been a journalist for 40 years. He spent a decade in Latin America covering wars, narcotic traffickers, earthquakes, and business. His resume includes 15 years at Bloomberg News where his headlines and articles sometimes moved the market caps of companies he covered by hundreds of millions of dollars. His articles have been published worldwide, including the New York Times and the Washington Post; he's appeared on CNN, CBC, BBC, and Bloomberg TV. He was awarded a Kiplinger Fellowship at The Ohio State University.

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