RCS - Adsure Services PLC - TIAA Insight

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RNS Number : 8896L  Adsure Services PLC  11 June 2025

11 June 2025

 

Adsure Services PLC

("Adsure" or the "Company")

TIAA Insight

 

Adsure Services PLC ("Adsure" or the "Company"), a leading provider of audit
and assurance services and the holding company for TIAA Limited (together,
"the Group"), is delighted to provide the following update on 'TIAA Insight',
Adsure Services' proprietary AI-powered internal audit and risk mitigation
tool.

 

Kevin Limn, CEO of Adsure Services, commented:

 

"Through our ongoing investment in market leading technology, Adsure will be
able to drive efficiencies within its core service lines and add greater value
to our customers. We are committed to being the provider of choice to the UK
public sector, and this evolution in our technological capabilities will
strengthen our ability to achieve this ambition."

 

Background

 

Adsure's wholly owned trading subsidiary, TIAA Limited, in partnership with
the University of Essex, was successful in an application for funding from
Innovate UK, in the form of a Knowledge Transfer Partnership (KTP) grant
approved in December 2023. The purpose of this grant was to support the
development of evolutionary AI capabilities in the assessment and response to
risks identified as part of internal activities. The pace of deployment of AI
capabilities across Government Funded organisations is increasing, creating a
greater expectation of service providers to innovate at the same pace.

 

Project status

 

The first year of the project has seen considerable progress in defining the
need for artificial intelligence-enhanced processes, aligning TIAA Insight's
capabilities to satisfy this need, and conducting data exploratory analyses to
uncover opportunities where AI can add value. This has led to the development
of an AI Large Language Model (LLM), which can successfully interrogate risks
identified by a human internal auditor and apply a proposed course of action
to mitigate this risk. Initially, a pipeline was developed to evaluate
different models and establish a benchmark using TIAA's database. The best
model has been trained using historic customer records within TIAA's
databases. Through careful project design, TIAA Insight's hardware
requirements were minimised while maintaining optimal performance.

 

A project evaluation panel has been established. It will now perform blind
testing of sample data, comparing human recommendations with those generated
by TIAA Insight by a human internal auditor. Confidence levels above a 95%
threshold have been set to determine the model's success in outperforming
human outcomes.

 

Following testing, Adsure Services plans to deploy TIAA Insight to augment
internal risk assessment and mitigation processes before considering launching
a licensed software product for the wider industry.

 

Research

 

A key component of the KTP grant is the publication of two research papers,
detailing the academic application of the science of AI within the internal
audit and risk assurance industry. It is expected that the first publication
associated with TIAA's KTP will be published in the second half of 2025.

 

 

-Ends-

 

For more information and the chance to have your questions directly answered
by the management team, please head to our interactive investor hub via:
https://investors.adsureservicesplc.co.uk/link/0y5Bze. Here you will find all
company news and additional content to further explain Adsure's strategy and
investment case.

 

Engage with the Adsure Services management team directly by asking questions,
watching video
summaries and seeing what other shareholders have to say.
Navigate to our Interactive investor hub here:
https://investors.adsureservicesplc.co.uk/link/0y5Bze.

 

 

 Adsure Services PLC

 Kevin Limn, Chief Executive Officer

 Engage with the company directly                      +44 (0) 845 300 3333

                                                       https://investors.adsureservicesplc.co.uk/s/435bf4
 Guild Financial Advisory Limited - Corporate Adviser

 Ross Andrews                                          +44 (0)7973 839767

                                                       ross.andrews@guilfin.co.uk (mailto:ross.andrews@guilfin.co.uk)

 Evangeline Klaassen                                   +44 (0)7972 841276

                                                       evangeline.klaassen@guildfin.co.uk (mailto:evangeline.klaassen@guildfin.co.uk)
 Redchurch Communications - Financial PR & IR

 John Casey / Nicky Bagheri                            +44 (0) 207 870 3974

                                                       ads@weareredchurch.com (mailto:ads@weareredchurch.com)

 

 

About Adsure Services

 

Adsure Services PLC is a leading audit and assurance services provider,
dedicated to delivering high-quality financial review and compliance
solutions. Through investment in innovative technology and AI-driven
solutions, the Company is focused on enhancing efficiency and accuracy in the
audit sector.

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