Verisentry
Fraud intelligence and cyber defence for the financial sector
Our vision
To create a financial system where suspicious activity leaves nowhere to hide — empowering every bank to trace threats quickly, act decisively, and protect every transaction with confidence.
Our mission
We build fraud detection, investigation and compliance tooling for Australian banks — designed, built and run by students under the guidance of industry and academic directors.
Company strategy
Our strategy for 2027 is to look at the issues that surround financial services—in particular around Anti-Money Laundering (AML), Know Your Customer (KYC), fraud, and spam detection Operating as a student-led enterprise within the Finance & Fintech sector of the Monash IT Industry Practice Program, Verisentry builds fraud detection, investigation, and compliance tooling for Australian banks under the guidance of academic and industry directos. Sttrategic governance is provided by a board comprising Prof. Shonali Krishnaswamy (Monash AI Institute), Tim Hogarth (ANZ), and Lead Mentor Peter Brown. To achieve its vision, Verisentry's core projects will focus on delivering a working, investigator-ready transaction-monitoring platform through a single end-to-end data pipeline rather than pursuing separate, short-term projects. Students will collaborate across the entire software lifecycle: data engineers prepare transaction feeds, fraud intelligence teams train anomaly-detection models, backend and frontend developers integrate these models into alert queues and investigator dashboards, and platform engineers maintain security and system availability.
About Verisentry
Verisentry is a wholly owned subsidiary of Monash Enterprise, operating inside the Faculty of IT Industry Practice program.
The company scales from an initial cohort of 25 students to a target of 50 over its first six months, with third-year students taking the leadership roles and handing over to the next cohort at semester close.
Leadership and governance
3 people
Who holds this company to account, and who runs it day to day.
Board of Directors
Prof. Shonali Krishnaswamy
Director · Monash AI Intitute
Professor Shonali Krishnaswamy is the Director of the Monash AI Institute and the Associate Dean (Innovation) in the Faculty of Information Technology at Monash University. Prior to this, Professor Krishnaswamy was the Chief Technology Officer and Co-Founder of AiDA Technologies (www.aidatech.io), a multi-award winning Machine Learning start-up from Singapore, delivering AI-based claims processing technologies for health insurers in Singapore and the ASEAN region. AiDA was acquired by AIA, one of Asia’s largest insurers, in 2023.
Tim Hogarth
Director · ANZ Bank
Industry Mentor
Peter Brown
Lead Mentor · Monash Faculty of IT
A Technology Executive, Teacher and Entrepreneur with 35+ years of global experience managing $100M+ budgets and leading teams of 900+ staff across Australia, Europe, and Asia. Peter combines deep entrepreneurial and enterprise expertise to mentor student leadership teams in high-level strategy, governance, and real-world tech delivery.
Interested in Verisentry?
Companies publish their roles here each semester. Browse everything on offer across the program, or read how Industry Practice works before you apply.