InCline Village, NV, September 15, 2017 --(PR.com
)-- Expert System and NominoData are announcing a strategic partnership for anti-money laundering activities for financial institutions. The collaboration of Expert System’s Cogito and NominoData’s Negative News, Sanctions and PEPS information enhances the pool of intelligence data resulting in complete results for financial institutions looking to dramatically increase their insights into KYC & AML activities.
Leveraging artificial intelligence algorithms for semantic analysis and natural language processing, Cogito identifies the meaning of customer requests and immediately responds with the requested information or proposes relevant actions such as direct access to wire transfers, deposits, bill payment, or any of the numerous other home banking options. It also helps fill in forms with information such as amounts or recipients of transactions. This new platform powers the group’s website and internet banking services, which have been completely redesigned in favor of a user-centric and navigation-oriented approach.
“As regulatory requirements increase,” said Bryan Bell, EVP Corporate Development, Expert System “institutions are expected to capture and verify a wider scope of information on their new and existing customers, their customers customers and any relationships that exist across business lines. This includes performing Customer Due Diligence (CDD) at on-boarding, conducting regular Know Your Customer (KYC) reviews and refreshing content periodically to capture and review previously unknown information. We are excited to be partnering with NominoData. As a combined solution we will continue to support organizations of all sizes meet these requirements in a more complete and automated way.”
Robert Goldfinger, President of NominoData LLC stated, “We are excited to extend the partnership of Expert System and NominoData by providing esstential financial crimes data for Expert System to deploy in their artificial intelligence processing. By making our negative news, sanctions/watchlist and PEPS data available to Expert System it enables Cogito userers to have the most up to date and comprehensive due diligence information available for business requirements. As an ACAMS certified expert I know how valuable the Cognito solution is for Financial Crimes programs.”
Expert System & NominoData will both be sponsoring the 16th Annual Anti-Money Laundering and Financial Crime Conference in Las Vegas, NV September 25-27, 2017 (http://www.acamsconferences.org/vegas/ ). To see their solution in action, please stop by their booths or email Ali Harapko firstname.lastname@example.org to make an appointment or for more detail.
About Expert System
Expert System created Cogito, a text analytics technology that transforms the way organizations find, comprehend and use information. Cogito leverages proprietary artificial intelligence algorithms to deliver business value and ROI by extracting actionable knowledge from internal and external information and automating business processes. Cogito has been deployed to serve enterprises and government organizations in some of the world's largest industries (Banking and Insurance, Pharmaceuticals, Oil and Gas, Publishing and Government) including companies such as Shell, Chevron, Eli Lilly, Nalco Champion, Bloomberg BNA, Sanofi, Thomson Reuters, Wiley, Wolters Kluwer, the U.S. Department of Agriculture and the U.S. Department of Justice.
For more information visit www.expertsystem.com, follow us on Twitter at @Expert_System
NominoData is a solutions company formed to help clients with worldwide identity, compliance, and risk-management issues associated with modern commerce. Its founders leverage their expertise in risk management, fraud detection, fraud prevention, anti-money laundering, enhanced search, data aggregation, entity recognition, entity resolution, name matching, and name variations, into innovative and productivity-boosting solutions that revolutionize their field.
For more information visit www.nominodata.com