18 November 2017
visit www.atos.net

Advanced Logic Analytics launches compliance data analytics service

11 April 2017  |  2270 views  |  0 Source: Advanced Logic Analytics

Advanced Logic Analytics (ALA), a provider of enterprise wide big data and finance analytics solutions for buy- and sell-side institutions and other financial firms, is pleased to announce the introduction of the ALA OneLogic for compliance-related obligations, fraud monitoring and risk management.

ALA OneLogic’s breakthrough technology is purpose-built to help financial markets firms identify and stop fraudulent and non-compliant behaviour. It leverages a curated data lake, advanced data analytics, and powerful applications developed with proven surveillance and digital forensics domain expertise, and contains several features that combine to provide a powerful tool used in finding and fixing compliance issues. 

Structured data from sources such as trading and pricing systems can be collected and analysed alongside unstructured data, such as from email and instant messaging. The analysis from those data sources is not simply looked at once for a static set of rules. By applying machine learning-based analytic techniques, ALA OneLogic continues to develop and apply risk calculations. Communications and other source data are scored against a series of Key Risk Indicators (KRIs) to quickly pick up on any issues that could cause problems. 

ALA OneLogic helps firms manage risk and governance, counterparty risk, data security, Basel III, MiFIDII, and other regulations, plus it detects and prevents fraud and other compliance-related events.

Commenting, Nick Ellis, managing director said: “Financial markets firms process billions of transactions and communications daily, producing massive volumes of information that lives in silos throughout the company.” 

“Managing risk and complying with regulations often requires running millions of simulations across incredibly large data sets. ALA OneLogic crunches massive data volumes, and through its in-built analytics detects patterns and irregularities so firms can proactively investigate risk events and related fraudulent actions and behaviour in near real-time,” he continued. 

ALA OneLogic is a communication-centric analytic platform that can derive greater insight from both human and business information, and mitigate financial and other risk across the organisation. This data-focused approach to monitoring of business activities helps firms achieve improved data management, more efficient and detailed audit trails, reduced risk of fines and sanctions, and more accurate reporting.

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit www.ncr.comvisit www.vasco.comvisit https://www.niceactimize.com

Top topics

Most viewed Most shared
Ripple boss predicts central bank adoption of blockchainRipple boss predicts central bank adoption...
11695 views comments | 20 tweets | 19 linkedin
Singapore central bank open sources blockchain prototypesSingapore central bank open sources blockc...
11680 views comments | 15 tweets | 28 linkedin
Digital receipt startup Flux scores game-changing deal with BarclaysDigital receipt startup Flux scores game-c...
9842 views comments | 20 tweets | 36 linkedin
AmEx partners Ripple and Santander for blockchain-enabled cross-border paymentsAmEx partners Ripple and Santander for blo...
9154 views comments | 13 tweets | 38 linkedin
UK cryptocurrency exchange startup launches debit card for spending bitcoinUK cryptocurrency exchange startup launche...
7788 views comments | 26 tweets | 37 linkedin

Featured job

Germany, Austria or Switzerland

Find your next job