After transforming HR with AI, Poonawalla Fincorp makes a bold tech leap into AI-driven audit & governance with ServiceNow

Poonawalla Fincorp is working with ServiceNow the AI Platform for business transformation and global digital workflow leader, to implement Generative AI-powered solutions aimed at enhancing audit and governance capabilities. This strategic collaboration will drive greater efficiency, automation, and compliance, reinforcing Poonawalla Fincorp’s commitment to leveraging technology for operational excellence.

With the global AI in Audit market projected to reach USD 11.7 billion by 2033 at a CAGR of 27.9%, as mentioned in the market.us ‘Global AI in Audit’ report , many attribute this growth to GenAI’s ability to pinpoint high-risk areas and detect anomalies, enabling a sharper focus on critical issues that might otherwise go unnoticed.

By integrating ServiceNow’s AI-driven workflows, Poonawalla Fincorp will not only strengthen its risk management framework and streamline internal audits but also optimise governance mechanisms. This transformation will enhance the accuracy and reliability of audit outcomes, building trust with clients ...