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BNP Paribas licenses text analytics software from Temis

24 May 2007  |  2209 views  |  0 Source: Temis

Temis, leading provider of Text Analytics software solutions for the Enterprise and BNP Paribas, a European leader in banking and financial services, announced today that they have entered a major software licence and services agreement.

BNP Paribas has chosen TEMIS acclaimed Text Analytics solution to bring value to their document assets and ensure the best quality of strategic information processing and analysis within LEOnard, their economic information portal.

Everyday, the economic and financial analysts of the banking group have to capture key information about companies and markets to follow up on their economic situation and latest news as well as to understand macroeconomic data supporting their analyses and reports. This collection of strategic information enables analysts to anticipate changes affecting a country's economics, monetary policies of central banks and risks/opportunities for emerging markets.

To allow their decision-makers to gain time during data collection and interpretation steps, BNP Paribas built an economic information search portal able to provide a single entry point access to heterogeneous information sources (internal and external) and to power advanced analytics for data interpretation.

The project team part of the Economic Studies Department of BNP Paribas has appointed a skilled and highly specialized group of software vendors to build LEOnard. Polyspot Enterprise Search powers the information search, KBCrawl automates information harvesting from the web and TEMIS is responsible for all value-added information processing and analysis features.

"We rapidly became convinced of the dynamism and professionalism of TEMIS teams and our partnership is very positive", explains Michel Bernardini, Project Manager, Economic Studies, BFI, BNP Paribas. "TEMIS Text Mining solution has been integrated into LEOnard and brings an important added-value to the huge volume of documents we need to take into consideration. In a few clicks, users access a structured, filtered and navigable information panorama, highlighting relevant information with its topic facets."

Several components of Luxid information intelligence solution have been integrated into LEOnard.
  • Luxid Annotation Factory is an information extraction solution which automatically identifies relevant entities and relationships from multilingual documents. It works with two standard modules:
  • Text Mining 360degrees Skill Cartridge extracts names entities, such as names of people, companies, organizations, products, locations, amounts, currencies,
  • Competitive Intelligence Skill Cartridge extracts financial, commercial, and stock information, as well as all the information related to mergers and acquisitions, joint- ventures, research strategies or innovations.

"TEMIS went on board with BNP Paribas's Economic Studies team with the firm commitment to make LEOnard a success within the group", said Guillaume Mazieres, VP Sales & Marketing of TEMIS. "We deployed highly innovative capabilities for analysis, interpretation and highlighting of results, allowing for a richer navigation experience and turning text into knowledge for each and every user."

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