DUBAI, United Arab Emirates & OTTAWA, Ontario — January 30, 2026
Executive Summary
VEON Ltd. (NASDAQ: VEON), a global digital operator, has announced a strategic collaboration with MindBridge, a provider of artificial intelligence-powered financial intelligence solutions, to deploy advanced analytics tools across VEON’s global operations. Under the collaboration, VEON will implement MindBridge’s Central Insights Factory (CIF) as a group-wide platform to analyze 100 percent of financial transactions rather than traditional sampling approaches. According to the companies, the deployment is intended to support finance, internal controls, and internal audit functions by enabling standardized and scalable analysis of financial and operational data. The collaboration also includes plans to explore jointly providing AI-powered financial analytics services to business customers and government entities, aligning with VEON’s broader AI1440 strategy.
Announcement Overview
VEON announced that it has entered into a strategic collaboration with MindBridge to enhance its financial analytics, audit, and internal control capabilities through the use of artificial intelligence-powered tools. The collaboration is centered on the deployment of MindBridge’s Central Insights Factory platform across VEON’s operating companies on a group-wide basis.
According to the companies, the platform is designed to analyze all transactions within VEON’s financial systems rather than relying on sampled data sets. This approach is intended to provide more consistent identification of risks, control gaps, and operational insights across the organization’s global footprint. The collaboration supports VEON’s finance and audit teams by enabling standardized methodologies and scalable analytics across diverse markets and operating environments.
The announcement follows a meeting at VEON Group’s headquarters in Dubai, where VEON Group CEO Kaan Terzioglu and VEON Chief Internal Audit Officer Jagan Mohan welcomed the MindBridge leadership team. The companies stated that the collaboration reflects a shared focus on applying augmented intelligence to complex financial environments in a controlled and transparent manner.
Key Announcement Details
- Announcement type: Strategic technology collaboration
- Participating companies: VEON Ltd. and MindBridge
- Primary capability deployed: AI-powered financial analytics and controls
- Platform adopted: MindBridge Central Insights Factory (CIF)
- Scope of deployment: Group-wide across VEON’s global operations
- Functional areas supported: Finance, internal controls, internal audit
- Geographic relevance: Global, including VEON’s operating markets
- Public listing: VEON Ltd. (NASDAQ: VEON)
Strategic Context
According to the companies, large multinational organizations face increasing complexity in managing financial data across jurisdictions, systems, and regulatory environments. Traditional audit and control processes have often relied on transaction sampling, which can limit visibility into emerging risks and control weaknesses.
VEON stated that its decision to deploy MindBridge’s Central Insights Factory aligns with its objective of strengthening data-driven oversight across finance and audit functions. By analyzing full transaction populations, the platform is intended to provide greater consistency and transparency in risk identification and control assessment.
The collaboration also supports VEON’s AI1440 strategy, which reflects the company’s commitment to embedding artificial intelligence into core processes in ways that support long-term value creation and operational resilience. According to VEON, applying augmented intelligence to financial controls is a key component of operating as a Nasdaq-listed company with complex reporting and governance requirements.
From MindBridge’s perspective, the collaboration represents an opportunity to deploy its financial intelligence platform at enterprise scale within a global digital operator. The company stated that VEON’s operational breadth and data complexity make it a representative environment for demonstrating the application of AI-driven insights across finance, risk, and audit functions.
Deployment of Central Insights Factory
Under the collaboration, VEON will adopt MindBridge’s Central Insights Factory as a centralized analytics platform across its operating companies. According to the companies, CIF is designed to ingest and analyze data from enterprise systems of record, enabling continuous analysis of financial transactions.
The platform’s use of augmented intelligence allows finance and audit teams to identify anomalies, errors, and potential control issues across complete data sets. According to MindBridge, this approach supports more precise risk assessment and enhances the consistency of audit and control processes across regions and business units.
VEON stated that the deployment of CIF will support standardized analytical approaches across its global operations, reducing reliance on fragmented or localized methodologies. The platform is intended to function as a shared source of insight for finance, internal audit, and risk management teams.
Leadership Statements
“VEON manages extraordinary data complexity across multiple industries and markets,” said Kaan Terzioglu, Group CEO of VEON. “As we expand our digital services portfolio, strong and scalable data solutions are a strategic imperative for us as a Nasdaq-listed company. 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.”
“For organizations operating at VEON’s scale and complexity, trust is built on visibility and consistency,” said Stephen DeWitt, CEO of MindBridge. “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.”
Support for Finance, Audit, and Internal Controls
According to the companies, the collaboration is designed to support VEON’s finance and audit functions by providing continuous insight into transactional data. The ability to analyze 100 percent of transactions is intended to enhance oversight and reduce reliance on periodic or sample-based reviews.
MindBridge stated that its platform provides explainable AI outputs that can be reviewed and validated by finance leaders, auditors, and regulators. This transparency is intended to support governance requirements and facilitate adoption across regulated environments.
VEON indicated that embedding AI-powered analytics into its internal control processes supports more informed decision-making and strengthens its ability to manage risk across diverse operating markets. The collaboration is positioned as part of VEON’s broader approach to responsible and transparent AI adoption.
Exploration of External Services
In addition to internal deployment, VEON and MindBridge stated that they will explore opportunities to jointly provide AI-powered financial analytics services to business customers and government entities. According to the companies, this exploration reflects shared interest in extending augmented intelligence capabilities beyond internal use cases.
The companies did not disclose timelines or specific offerings related to potential external services. Any such initiatives would be subject to regulatory considerations and alignment with VEON’s broader digital services portfolio.
Alignment With AI1440 Strategy
VEON’s AI1440 strategy reflects its commitment to applying artificial intelligence in ways that unlock long-term economic value and support digital inclusion across its markets. According to the company, the collaboration with MindBridge supports this strategy by embedding AI-powered insight directly into critical financial processes.
The companies stated that responsible and transparent application of AI remains a core principle of the collaboration. Explainable outputs and governance controls are intended to ensure that insights generated by the platform can be trusted by internal stakeholders and external regulators.
About VEON
VEON is a digital operator providing connectivity and digital services to nearly 150 million connectivity customers and more than 140 million digital users. The company operates across five countries that collectively represent more than six percent of the world’s population.
VEON focuses on delivering technology-driven services that support individual empowerment and economic growth. The company is listed on NASDAQ under the ticker symbol VEON. Additional information about VEON is available on its corporate website.
About MindBridge
MindBridge AI is a financial intelligence platform that provides continuous insight across 100 percent of financial transactions. The company’s proprietary artificial intelligence analyzes data across enterprise systems of record to identify errors, anomalies, and potential fraud in real time.
MindBridge’s platform is used by finance leaders, auditors, and regulators to support internal controls, compliance, and financial decision-making. The company emphasizes transparent and explainable AI as a foundation for trust in complex financial environments.
Forward-Looking Statements Disclaimer
This release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. Such statements include, but are not limited to, statements relating to VEON’s AI1440 strategy and collaboration-related initiatives. Actual results may differ materially due to risks and uncertainties described in VEON’s filings with the U.S. Securities and Exchange Commission, including its 2024 Form 20-F filed on April 25, 2025. The forward-looking statements speak only as of the date of this release, and VEON undertakes no obligation to update them except as required by law.
Media Contacts
VEON
Hande Asik
Chief Communications and Strategy Officer
MindBridge
Linsey Flannery
Director, Marketing Communications
Source Attribution
Source: Company announcement