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Digital Reasoning Announces Availability of Synthesys® 3.8: Advances in Cognitive Computing Help Financial Institutions Proactively Analyze Data to Comply with Regulations

Digital Reasoning, the company that enables automated understanding of human communication, today announced General Availability of Synthesys® 3.8, the latest release of their patented machine learning platform.

Synthesys 3.8 includes the following enhancements for customers and partners:

  • Automated Profile Generation: Synthesys automatically identifies and aggregates knowledge about People (date of birth, place of birth, spouse, employers, titles, etc.) and Organizations (child organizations, headquarters, members, date founded, founded by, etc.). These profiles are fundamental building blocks when gathering knowledge about the real world to make relevant predictions about future behavior of employees, customers or bad actors.
  • Knowledge Visualization: Synthesys Glance™ is a new Web application optimized for mobile and tablet devices that enables analysts to interactively browse and analyze knowledge profiles of People and Organizations to discover valuable patterns and relationships that were previously difficult to detect in their data.
  • Real-Time Query Processing: Synthesys response times are up to 30X faster when performing analysis on large data sets. Synthesys now provides real-time analysis via Cloudera Impala, the massively parallel processing (MPP) query engine that runs natively on Apache Hadoop. Impala enables interactive queries to data stored in HDFS and HBase without requiring data movement or transformation, providing out-of-the-box integration with leading BI tools via its SQL-compliant interface.
  • Cloud Delivery: Synthesys is available as an Amazon Machine Image (AMI) that contains all the software necessary to run Synthesys on an Hadoop/HBase cluster under Amazon Elastic Compute Cloud (Amazon EC2) making it easier than ever to unlock the value trapped inside your data.

Today’s risk and compliance analysts are overwhelmed by the exploding volume of unstructured data (e.g. emails, instant messages, voice, documents), the variety and speed of emerging regulatory controls, and the increasing sophistication of people looking to orchestrate and conceal illegal activities. Cognitive computing is quickly becoming an indispensable technology in the era of Big Data as humans can offload time-consuming and repetitive tasks to intelligent software with highly accurate and consistent results.

These advanced capabilities to automatically understand and explore unstructured information are necessary as federal agencies, banks, and others face an ever-increasing number of regulatory demands on electronic communications including Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations as stipulated in Section 312 and 314a of the Patriot Act, the Bank Secrecy Act, and the Financial Action Task Force (FATF) 40+9 Recommendations, Consumer Protection regulations under Dodd-Frank and the Foreign Accounts Tax Compliance Act (FATCA).

According to Paul Miller, Analyst at GigaOM Research, “Tools and techniques from the big data sector offer the means to monitor human-generated data across an organization’s different IT environments, protecting key assets and ensuring that regulatory obligations are met in a cost-effective and timely manner.”

“Reduction of false positives and increase of true positives is a key concern for the financial services industry when looking for exceptions to internal compliance policies,” said Bill DiPietro, vice president of product management at Digital Reasoning. “Financial Institutions are seeing over a 250% increase in surfacing compliance violations when compared to existing production systems using keyword search, while reducing erroneous alerts.”

“Digital Reasoning’s ability to analyze and understand human communications at scale is a valuable solution for customers looking to unify the management of their structured and unstructured information,” said Tim Stevens, vice president for business and corporate development at Cloudera. "Partnering with Digital Reasoning ensures that our joint customers have access to leading technology, like Impala, for massive parallel processing, accelerating customers' speed to insight via leading BI tools."

For more information about Digital Reasoning’s machine learning platform go to:

http://www.digitalreasoning.com/uncommon-technology

About Digital Reasoning

Digital Reasoning enables the automated understanding of human communication. Digital Reasoning’s award-winning machine learning platform, Synthesys, identifies threats, risks and opportunities by transforming information into a private Knowledge Graph. Digital Reasoning is headquartered outside of Nashville, Tennessee, with offices in Washington, D.C., New York and London. For more information go to http://www.digitalreasoning.com

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