VEON Ltd. (NASDAQ: VEON), a global digital operator, announced a strategic collaboration with MindBridge, a leader in AI-powered financial intelligence, to integrate artificial intelligence analytics tools across VEON’s international operations.
Under the collaboration, VEON will deploy MindBridge’s Central Insights Factory (CIF) as a group-wide AI-powered platform. This system is designed to analyze all financial and operational transactions, rather than just samples, aiming to identify risks and control insights with enhanced consistency, precision, and efficiency across VEON’s global footprint.
MindBridge will provide support to VEON’s operating companies in areas such as finance, internal controls, and internal audit, offering solutions that facilitate standardized and scalable analyses of data. The two companies also plan to explore opportunities to jointly offer AI-powered financial analytics services to enterprise customers and government entities.
Kaan Terzioglu, VEON Group CEO, commented on the initiative, stating, “VEON manages extraordinary data complexity across multiple industries and markets. As a Nasdaq-listed company expanding our digital services portfolio, strong and scalable data solutions are a strategic imperative. Our collaboration with MindBridge supports this objective and aligns strongly with our AI1440 vision, by embedding Augmented Intelligence into our data control processes and empowering our organization – ultimately helping us serve our customers better.”
Stephen DeWitt, CEO of MindBridge, added, “For organizations operating at VEON’s scale and complexity, trust is built on visibility and consistency. By bringing all financial transactions into a single AI-driven insights platform, VEON is creating a shared source of truth across finance, risk, and internal audit. This collaboration demonstrates how AI can move beyond isolated analytics to deliver trusted, enterprise-wide insights that strengthen controls, support transparency, and enable better decisions across the business.”
VEON’s AI1440 strategy underscores its commitment to leveraging artificial intelligence to foster improved lives and generate long-term economic value in its operational markets. This partnership with MindBridge aligns with that ambition by embedding AI-powered insights directly into critical financial processes, aiming to facilitate more informed decision-making throughout the enterprise. Both companies have expressed a shared commitment to the responsible and transparent application of AI, emphasizing explainable insights for finance leaders, auditors, and regulators.
