Against the documents it cites
When a figure points to a filing, a results release or a call transcript, Velydian opens it and checks the figure, the period and whether it is adjusted or reported.
For investment research and asset management
Every number in the investment case, tied to its source.
Velydian checks each figure, comparison and quoted statement in a research note, pitch book or investor letter against the filings, transcripts and studies it relies on.
Free trial, no card needed.
- Cited or not. Every claim checked, and stronger sources found where the evidence is weak.
- A record you can keep. Annotated document, audit trail and exports, in minutes.
- Swiss and private. Data residency in Switzerland, processing in Switzerland and the EU, GDPR compliant.
VerdictIllustration
CLAIM IN YOUR NOTENeeds Revision
“The company has doubled its market share since 2022.”
What the source says
“Market share rose from 11% in 2022 to 17% in 2025.”
Cited industry report, table 3
Market share rose by about half, from 11% to 17%. It did not double.
The stakes
What an unsupported claim costs.
$400,000
SEC penalties on two investment advisers for claiming they used AI in investing when they did not: the first “AI washing” cases.
US SEC press release 2024-36 (Mar 2024)$17.5M
Penalty on Invesco for describing most of its assets as “ESG integrated” when much of them was not.
US SEC press release 2024-179 (Nov 2024)$1.24M
Combined penalties on nine advisers for advertisements with unsubstantiated claims and untrue third-party ratings.
US SEC press release 2024-121 (Sep 2024)What it catches
Six things that go wrong in notes.
Each one with the claim, the passage Velydian reads, and the verdict. Examples for illustration.
A comparison that overstates
“The company has doubled its market share since 2022.”
“Market share rose from 11% to 17%.”Needs Revision
Up by about half, not doubled.
Guidance quoted from the wrong call
“Management guided to 10% growth.”
Latest call: “we now expect 6–7%”.Needs Revision
10% was the earlier guidance; it was lowered.
An adjusted figure as reported
“EPS rose to CHF 4.20.”
“Adjusted EPS CHF 4.20; reported EPS CHF 3.10.”Needs Revision
The adjusted figure, presented without the qualifier.
An AI claim the filing does not make
“The fund uses machine learning to pick stocks.”
The prospectus describes a rules-based screening process.Not Supported
The kind of “AI washing” regulators have fined.
A quote that is not in the transcript
“The CEO called the quarter ‘record-breaking’.”
The transcript contains no such phrase.Not Supported
Flagged before the note is published.
A sound valuation input
“Net cash stood at CHF 210 million at year end.”
“Net cash at 31 December: CHF 210 million.”Supported
Matches the annual report, with the passage kept.
Not another fact checker
Not just right or wrong. Supported or not.
Velydian checks the figures. It also weighs what a note does with them: the reason it gives and how strongly it states the case. A number can be right and the sentence around it can still mislead the committee.
One claim, three levels · illustration
“New products drove margin expansion to 24%, management said.”Needs RevisionSource: the results release and call transcript the note cites. Example for illustration.
- Level 1
Facts
Figures, periods, ratios and quotations, checked against the filing or transcript.
Does the release say 24% or 21%?
Velydian findsSupportedThe 24% margin is in the results release.A citation check stops here: true. - Level 2
Interpretation
Whether a conclusion follows: adjusted read as reported, old guidance read as current.
Is this what management said drove it?
Velydian findsStretchedOn the call, management put most of the gain down to lower input costs, not new products. - Level 3
Judgement
Whether the statement is as strong as its evidence, and what was left out.
Would the committee see the risk the company flagged?
Velydian findsOverstatedThe same call warned that input costs are rising again. The note leaves it out.Verdict: Needs Revision. The margin matches the release; the transcript does not support the explanation attributed to management.
How it works
Upload the note. Every figure comes back with its evidence.
PDF, Word, text or Markdown, or paste it in. Velydian finds each figure and statement and checks it in one of three ways.
Figures with no source
Velydian searches company reports and filings published online, official statistics and the wider web, keeps the strongest sources and checks the figure against them.
Against your own files
Attach transcripts, data exports or data-room documents, and every statement is checked against them. You see the price before it starts.
Three layers of checking
Surface tools check that a source exists. Velydian reads it.
Layer 1
Distortions and inaccuracies
Figures that drift, periods that shift, a basis quietly changed.
Adjusted earnings per share presented as reported.
Layer 2
Bias and fabrication
Quotes the transcript does not contain, selective citation, and what was left out.
The bull case is cited; the risk factor in the same filing is not.
Layer 3
Stronger sources
When a figure rests on coverage, Velydian looks for the company’s own document.
A figure from a news story is flagged, with the company’s filing offered instead.
One verdict per claim
Four verdicts, each with its evidence.
Supported
The filing or transcript checked backs the figure as written.
Needs Revision
Close, but a digit, the period or the basis (adjusted or reported) does not match.
Not Supported
The documents checked do not back the figure, or say something different.
Unverifiable
No document could be read or found that settles it, for example data you did not export and attach.
Open any verdict to see the passage and the reasoning behind it. Correct a line or swap a source and it is checked again. Velydian weighs the evidence; the analyst decides what to change.
- Drop the note inPDF, DOCX, TXT, MD or pasted text.
- Every figure is checkedAgainst the cited document, your own files or independent sources.
- Review and correctFix a figure or swap a source; it re-checks.
- Take the resultAnnotated note, audit trail, executive summary, CSV/JSON exports.
How we test it
Test it on a document you already know.
Our published test results so far are on company reports: see Velydian for Finance. For every other kind of document, the best test is one of your own.
Every verdict, open to inspectionSource + reasonEach verdict shows the passage it rests on and why, so you can check Velydian itself.In every result
When the sources cannot settle itUnverifiableThe claim is marked Unverifiable, with the reason, for a person to check.One of four verdicts
Your own testYour documentRun a note where you already know the mistakes, and see whether Velydian finds them.First check free
Review the verdict and the reasoning yourself: every one shows its evidence. Your first check is free.
Today and with Velydian
From hours of checking to minutes.
Manual review of research
Hours per note, risk with regulators and clients
- Figures checked against filings by hand
- Outdated guidance survives into the note
- Marketing claims are hard to trace
- No record of how each figure was checked
Velydian on your notes
Checked before publication
- A full note checked in minutes
- Every figure tied to its filing or transcript
- Outdated or adjusted figures flagged
- The quoted passage behind every verdict, kept as an audit trail
What it checks
The documents your team signs.
- Equity and credit research notes
- Investment committee memos
- Pitch books
- Fund factsheets and prospectuses
- Investor letters
- ESG and stewardship reports
- Due-diligence questionnaires
- Marketing materials
Who uses it
Across the team.
- AnalystsCheck every figure in a note before publishing.
- Portfolio managersSee which parts of an investment case the sources support.
- ComplianceReview marketing and research for misleading statements.
- Investor relationsKeep letters and factsheets tied to the filings.
What you get back
A record you can keep.
- The annotated noteEvery figure and statement marked with its verdict, in place.
- An audit trailFor each figure, the passage relied on and the reasoning.
- Primary sourcesWhere a figure comes from coverage, the filing to cite instead.
- ExportsExecutive summary, CSV and JSON.
Cost
You see the price before you start.
Checking a note by handCHF 450your rate × your hours
With Velydian, pay as you goCHF 4.8094× cheaper30 cited claims drawn from 10 sources: 160 credits
At the Founder rateCHF 1.60281× cheaperthe same note, CHF 0.01 per credit
Checking a claim costs 5 credits and reading a source costs 1. Deeper source audits cost more. Your reviewers still read the verdicts; Velydian takes the tracing off their desk.
Questions
Before your first note.
Where is my research processed?
Your data resides in Switzerland and is processed in Switzerland and the EU, under GDPR and Swiss data protection law.
Can it check against transcripts and data we hold?
Yes. Attach transcripts, models or data exports as your own files, and every statement is checked against them.
Has it been tested on financial documents?
Yes. Our published tests are on company reports: see Velydian for Finance for the results.
Where do the sources come from?
Three places. The sources your document cites; sources Velydian finds on official websites, research databases and the wider web for claims without a citation; or your own files, if you attach them.
What happens to my document?
When you run a check, your document’s text is sent over an encrypted connection to our servers and AI services in Switzerland and the EU. To find evidence, short search queries built from your claims are sent to web and scholarly search services. Your document’s content and results are deleted automatically about 24 hours after your check; source links and summary data are kept.
Which languages does it check?
English is measured and in daily use. German and French are in validation.
Can I rely on Velydian as my only check?
Velydian supports human review. It shows the evidence behind every verdict so you can decide. In high-stakes work, expert judgement stays essential.
A Swiss company
Data in Switzerland. Processing in Switzerland and the EU.
- Data residency in Switzerland, processing in Switzerland and the EUGDPR and Swiss data protection terms are covered by our Data Processing Agreement.
- A Swiss companyVelydian is built by MindtheGap Sàrl in Geneva.
Check your next note before someone else does.
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