Deloitte Africa Unveils FIDS 2.0
A Strategic Leap in Fraud Prevention and Employee Disclosure Management
Deloitte has launched FIDS 2.0, the redeveloped Financial Interest Disclosure System, set to redefine how organisations manage conflicts of interest and mitigate fraud risk. This next-generation platform harnesses artificial intelligence and live database queries to deliver accurate, timely and actionable insights into employee financial disclosures.
Traditional systems often rely solely on static, public databases, a method that is no longer sufficient in today’s dynamic risk environment. FIDS 2.0 goes beyond, drawing from open-source intelligence and a wide range of data points to generate a detailed risk profile of employees and entities of interest. This enables organisations to detect risks that might otherwise remain obscured.
With AI at its core, FIDS 2.0 enables continuous monitoring and automated analysis of employee disclosure data, reducing the reliance on manual processes. This not only improves accuracy but significantly enhances efficiency, freeing up resources and reducing operational costs.
For multinational organisations, FIDS 2.0 offers a single, consolidated view of all employee disclosures across jurisdictions, ensuring compliance with varied regulatory frameworks. It fosters consistency, accountability and transparency, helping organisations navigate an increasingly complex compliance landscape.
In an age where fraud schemes are more sophisticated than ever, FIDS 2.0 stands out as a strategic compliance and fraud risk management tool. It equips organisations with the intelligence and agility needed to proactively manage
reputational and financial risks.
To learn more on how FIDS 2.0 can empower your compliance and fraud risk management strategy, reach out to Dr Antonio Pooe on the below contact details:
