With the Largest Offering of AI-Powered Training Models, Digital Reasoning and Corlytics Lead Market in Regulatory Mapping Capabilities

With the Largest Offering of AI-Powered Training Models, Digital Reasoning and Corlytics Lead Market in Regulatory Mapping Capabilities
19.06.2019 12:32 pm

With the Largest Offering of AI-Powered Training Models, Digital Reasoning and Corlytics Lead Market in Regulatory Mapping Capabilities

Artificial Intelligence

Digital Reasoning, a leader in Artificial Intelligence (AI) that understands human intentions and behaviors, and Corlytics, the world leader in calculating and analyzing regulation as a risk, are collaborating to deliver one of the highest volumes of pre-trained models available to the financial sector. Combining Digital Reasoning’s ability to harness human communication through AI with Corlytics’s evidence-based approach, financial organizations can more effectively monitor communications channels for market manipulation or regulation infractions.

“Our work with Digital Reasoning is a long-term investment in AI-powered, evidence-based modeling,” said Mike O’Keefe, General Manager at Corlytics. “The ability to use AI to effectively interpret intent and behavior tied to our regulatory mapping differentiates our offering from stale, legacy solutions that simply focus on lexicon and rule-based approaches.”

Digital Reasoning offers 70 models in four key focus areas: core natural language processing (NLP) and communication-based, content-based filters, behavioral-based, and conduct language. Available models range from mature production-quality options to advanced capabilities emerging from R&D. Digital Reasoning offers its conduct models in English, Spanish, Japanese and Portuguese to support global firms.

Through its partnership with Corlytics, Digital Reasoning’s models have already been mapped to over 42 regulatory provisions covering different regulatory components such as Market Manipulation, Insider Trading, Bribery, Complaints Handling, Fraud, Client/Investor Confidentiality, Mis-sellings & Suitability, Disclose to Market, and Arrears Handling with penalties summing £2,144,124,656 just in UK based market. The company has a goal of further expanding its regulatory use cases globally over the next year. As an example, Digital Reasoning’s AI-based pre-trained models like Quid Pro Quo (QPQ) - one of the company’s primary tools for helping clients detect market manipulation, insider trading, conflict of interest, and bribery - aligns with a growing list of financial provisions related to criminal law.

"Taking a pure AI approach to our analysis has allowed Digital Reasoning to build a wide suite of models that effectively reduce false positives and improve the efficiency of compliance teams," said Uday Kamath, Chief Analytics Officer at Digital Reasoning. “Combining our AI expertise with Corlytics’s evidence-based approach provides financial organizations the ability to easily monitor internal communications and protect their organization from new regulatory risks and penalties.”

Related News

interface Powered Digital Assistant Increases Customer Acquisition by 5x for a Texas-Based Credit Union

Texas Dow Employees Credit Union (TDECU), a texas-based credit union with assets over $3 billion, implements interfaces' AI-Powered Digital Assistant, helping drive the... Read more »

MDOTM appoints its Advisory Board

MDOTM, the fintech startup that develops AI-driven investment strategies for institutional investors (Banks, Family Offices, Wealth and Asset Management companies), launches... Read more »

If AI Could Feel, it Would Fear Cyber Attacks from People

Artificial intelligence (AI) is rapidly finding applications in nearly every walk of life. Self-driving cars, social media networks, cyber security companies, and everything in... Read more »

Brighterion and Elavon to Fight Fraud with Artificial Intelligence

While the global implementation of EMV chip technology has reduced fraud activity for card payments, the payment’s ecosystem is still battling the threat of new and emerging... Read more »

YSEOP Recognized as a Representative Vendor in Gartner’s First Ever Market Guide for Natural Language Generation Platforms

YSEOP, world leader in AI software and pioneer of natural language generation technology (NLG), today announced recognition as a Representative Vendor in Gartner’s first Market... Read more »

Deutsche Bank Wealth Management Selects Finantix KYC Solution to Empower KYC Processes with AI Tools

 Finantix, a leading supplier of transformational software to the private banking, wealth management and insurance... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel