Autonomy launches financial services compliance division

Autonomy launches financial services compliance division

Autonomy has launched a new financial services division to provide technology for monitoring and archiving telephone calls, e-mails and instant messages in compliance with regulatory procedures such as Sarbanes-Oxley and the Basel Accord.

The new Aungate division will market Autonomy's Intelligent Data Operating Layer (Idol) technology platform to power real-time analysis of unstructured business message traffic.

The firm says the Idol platform has been tailored to specifically help meet compliance and governance discovery and analysis processes which are being legislated by procedures such the Sarbanes-Oxley Act of 2002, and the Basel II Accord. Aungate technology will also look to address the challenges faced within the 80% of financial institutions that do not yet meet existing SEC compliance regulations.

Autonomy's Idol platform is able to to process enterprise text, voice and video traffic and identify and rank the main concepts within it. As such it provides an adaptable mechanism for monitoring and analysis of corporate information flows, says the firm, enabling executives to spot trends in communications and pinpoint potential information misuse. Businesses can also use the system to protect against virus e-mails and spam.

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