NASHVILLE, Tenn. January 29, 2014 – Digital Reasoning, a leader in cognitive computing, 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:
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: