VEON Partners with MindBridge to Enhance Financial Analytics, Audit and Internal Controls with Augmented Intelligence Capabilities

Rhea-AI Summary

VEON (NASDAQ: VEON) announced a strategic collaboration with MindBridge to deploy AI-powered financial analytics across VEON’s global operations. VEON will adopt MindBridge’s Central Insights Factory (CIF) to analyze all transactions, strengthen internal controls, and standardize audit insights group-wide.

The partnership also explores offering AI-driven financial analytics services to business customers and governments, and emphasizes explainable, responsible AI aligned with VEON’s AI1440 strategy.

Market Reality Check

Price: $54.64 Vol: Volume 65163 vs 20-day av...

normal vol

$54.64 Last Close

Volume Volume 65163 vs 20-day average 78031 (relative volume 0.84) indicates no unusual trading activity pre-announcement. normal

Technical Price 55.72 is trading above the 200-day MA at 50.9, reflecting a pre-existing upward bias before this partnership news.

Peers on Argus

VEON was up 3.05% while key peers showed mixed moves: LBTYA +3.35%, LBTYK +2.78%...

VEON was up 3.05% while key peers showed mixed moves: LBTYA +3.35%, LBTYK +2.78%, TDS +2.29%, PHI -0.57%, LBTYB flat. With no peers in the momentum scanner and no same-day peer headlines, the reaction appeared more company-specific than sector-driven.

Previous Partnership Reports

5 past events · Latest: Jun 03 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jun 03	Infrastructure partnership	Positive	-5.9%	Completion of USD 562.7M Pakistan infrastructure partnership with Engro, asset-light shift.
May 23	Infrastructure agreement	Positive	-0.9%	Regulatory approvals for Engro infrastructure deal with USD 188M payment and debt guarantee.
Dec 11	AI LLM partnership	Positive	+3.4%	Launch of open-source Kazakh LLM with research partners, advancing AI services in Kazakhstan.
Dec 05	Strategic partnership	Positive	+1.9%	Announcement of Engro telecom infrastructure partnership supporting asset-light strategy in Pakistan.
Nov 19	Event partnership	Positive	-3.4%	Beeline Uzbekistan partnership with GSMA and ministry to host M360 Eurasia 2025 in Tashkent.

Pattern Detected

Partnership announcements have produced mixed reactions: 3 negative and 2 positive 1-day moves, ranging from -5.93% to 3.42%, suggesting that collaboration news does not consistently translate into near-term price gains.

Recent Company History

Over the past year, VEON has used partnerships to reshape its business, from asset-light infrastructure deals in Pakistan with Engro to AI initiatives like the Kazakh-language LLM and regional event collaborations such as M360 Eurasia. These partnership headlines generated 1-day moves between -5.93% and 3.42%, with more negative than positive reactions. Today’s MindBridge collaboration fits this pattern of using partnerships to advance digital, AI and infrastructure capabilities across VEON’s markets.

Historical Comparison

partnership

+3.1 %

Average Historical Move

Historical Analysis

In the past year, VEON issued multiple partnership announcements with an average 1-day move of 3.12%. The MindBridge AI controls collaboration fits this pattern of strategic, tech-focused agreements driving moderate but not uniformly positive price reactions.

Typical Pattern

Partnerships have progressed from infrastructure monetization in Pakistan to AI models, regional events and now AI-powered financial analytics, showing a broadening use of collaborations to support VEON’s digital and AI-driven strategy.

Market Pulse Summary

This announcement details a group-wide collaboration with MindBridge to apply AI-powered analytics a...

Analysis

This announcement details a group-wide collaboration with MindBridge to apply AI-powered analytics across finance, internal controls and audit, supporting VEON’s AI1440 vision. Historically, partnership headlines have triggered mixed 1-day moves between -5.93% and 3.42%, indicating that investors scrutinize execution and overall risk context. Key aspects to watch are integration of the Central Insights Factory platform, breadth of deployment across markets and any future monetization of joint AI financial analytics services.

Key Terms

financial intelligence, internal controls, internal audit, augmented intelligence, +3 more

7 terms

financial intelligence financial

"MindBridge, the leader in AI-powered financial intelligence, today announced"

The ability to collect, interpret and act on financial information — such as revenue, cash flow, costs, market trends and regulatory signals — to make smarter money decisions. Like a car’s dashboard and map combined, it helps investors see where a business is headed, spot potential risks or opportunities, and choose whether to buy, hold or sell shares with more confidence.

internal controls financial

"support VEON’s operating companies in finance, internal controls and internal audit"

Internal controls are the policies, procedures and routine checks a company uses to keep its financial records accurate, safeguard assets, and ensure laws and internal rules are followed. For investors they matter because strong controls reduce the risk of accounting errors, fraud or surprise liabilities; think of them as locks, alarms and bookkeeping checklists that make a company’s reported results more trustworthy and lower the chance of unexpected losses.

internal audit financial

"support VEON’s operating companies in finance, internal controls and internal audit"

An internal audit is a company-run review that checks its own books, procedures and risk controls to make sure financial statements are accurate, rules are followed, and operations run efficiently. Think of it as a routine health check or home inspection that aims to spot weaknesses or mistakes before they become big problems; for investors, a strong internal audit program increases confidence in reported results and lowers the risk of unexpected losses or regulatory trouble.

augmented intelligence technical

"aligns strongly with our AI1440 vision, by embedding Augmented Intelligence into"

Augmented intelligence combines human skills with advanced technology to enhance decision-making and problem-solving. It acts like a helpful partner that provides insights and suggestions, allowing people to make better choices more quickly. For investors, this means smarter analysis, improved efficiency, and the ability to respond to market changes with greater confidence.

artificial intelligence-powered analytics technical

"a strategic collaboration to deploy artificial intelligence-powered analytics tools"

Artificial intelligence-powered analytics uses computer programs that learn from large amounts of data to spot patterns, make forecasts, and highlight risks or opportunities faster than a person can. For investors, this matters because it can improve how a company finds customers, sets prices, predicts sales or detects fraud—potentially boosting revenue, cutting costs, or changing risk profiles like an automated, super-fast assistant for business decisions. It also introduces new model and regulatory risks that can affect valuations.

AI-powered platform technical

"adopt MindBridge’s Central Insights Factory (CIF) as a group-wide AI-powered platform"

An ai-powered platform is a software system that uses artificial intelligence—computer algorithms that learn from data—to automate tasks, spot patterns, and make predictions or recommendations. For investors, it matters because the platform can boost a company’s efficiency, lower costs, enable new products or revenue streams, and scale operations faster—think of it as a smart assistant or autopilot that can improve performance and affect future profits and risk.

AI-powered financial analytics services financial

"explore jointly providing AI-powered financial analytics services to business customers"

Services that use artificial intelligence to gather and analyze large amounts of market, company and economic data to produce forecasts, risk checks, trade ideas or portfolio recommendations. Like a weather app that digests many signals to give you a forecast, these tools help investors spot trends, react faster and make more informed choices, but their outputs depend on the quality of data and models behind them.

AI-generated analysis. Not financial advice.

Dubai and Ottawa, January 30, 2026:  VEON Ltd. (NASDAQ: VEON), a global digital operator, and MindBridge, the leader in AI-powered financial intelligence, today announced a strategic collaboration to deploy artificial intelligence-powered analytics tools across VEON’s global operations.

Under the collaboration, MindBridge will support VEON’s operating companies in finance, internal controls and internal audit with solutions that create standardized, scalable analyses of financial and operational data. VEON will adopt MindBridge’s Central Insights Factory (CIF) as a group-wide AI-powered platform that analyzes all transactions rather than samples, identifying risks and control insights with greater consistency, precision and efficiency.

The two companies will also explore jointly providing AI-powered financial analytics services to business customers and governments.

VEON Group CEO Kaan Terzioglu and VEON Chief Internal Audit Officer Jagan Mohan welcome the MindBridge team to VEON Group’s headquarters in Dubai

“VEON manages extraordinary data complexity across multiple industries and markets,” said Kaan Terzioglu, VEON Group CEO. “As we expand our digital services portfolio, strong and scalable data solutions are a strategic imperative for 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.”

VEON’s AI1440 strategy reflects its commitment to applying artificial intelligence in ways that unlock better lives for all and long-term economic value for VEON markets. The collaboration with MindBridge supports this ambition by embedding AI-powered insight directly into critical financial processes, enabling a more informed decision-making across the enterprise. The collaboration also reflects a shared commitment of both companies to applying AI responsibly and transparently, with explainable insights that can be trusted by finance leaders, auditors, and regulators alike.

About VEON

VEON is a digital operator that provides connectivity and digital services to nearly 150 million connectivity customers and over 140 million digital users. Operating across five countries that are home to more than 6% of the world’s population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. VEON is listed on NASDAQ. For more information, visit: https://www.veon.com.

About MindBridge

MindBridge is the leader in AI-powered financial decision intelligence. The MindBridge platform empowers finance teams to analyze 100% of financial transactions in real time, enabling organizations to detect risk, surface anomalies, and optimize profit performance with greater speed and accuracy. At the core of the platform is the Central Insights Factory — a proprietary AI engine that transforms complex financial data into trusted, actionable insights. Trusted by auditors, finance leaders, and regulators around the world, MindBridge delivers transparent, explainable AI that strengthens internal controls, enhances compliance, and supports smarter financial decision-making.

Forward-Looking Statements Disclaimer

This release contains “forward-looking statements”, within the meaning of the Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, statements relating to VEON’s AI 1440 strategy and product plans. There are numerous risks, uncertainties that could cause actual results and performance to differ materially from those expressed by such statements, including risks relating to VEON’s AI 1440 strategy, among others discussed in the section entitled “Risk Factors” in VEON’s 2024 Form 20-F filed with the SEC on April 25, 2025 and other public filings made by VEON with the SEC. The forward-looking statements contained herein speak only as of the date of this release and VEON disclaims any obligation to update them, except as required by law.

Contact Information 

VEON
Hande Asik
Chief Communications and Strategy Officer
pr@veon.com

MindBridge
Linsey Flannery
Director, Marketing Communications
media@mindbridge.ai

FAQ

What did VEON (VEON) announce on January 30, 2026 about AI and finance?

VEON announced a strategic collaboration with MindBridge to deploy AI analytics across its finance and audit functions. According to the company, the partnership will implement MindBridge’s CIF platform to analyze all transactions and standardize insights across VEON’s operating companies.

What is MindBridge’s Central Insights Factory (CIF) and how will VEON use it?

CIF is an AI-driven platform that analyzes full transaction datasets rather than samples to identify risks and controls. According to the company, VEON will adopt CIF group-wide to improve consistency, precision, and efficiency in finance, internal controls, and internal audit.

How might the VEON–MindBridge collaboration affect VEON shareholders?

The collaboration aims to strengthen financial controls and operational visibility across VEON’s global operations, which could support governance and risk management. According to the company, embedding explainable AI may improve decision-making and oversight that investors rely on.

Will VEON offer AI-powered financial analytics services to customers and governments?

VEON and MindBridge will explore jointly providing AI-powered financial analytics services to business customers and governments. According to the company, the collaboration includes evaluating potential commercial offerings built on the CIF platform and shared capabilities.