Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Recognos Drew Warren_0

19881

Recognos Financial launches new data extraction platform Recognos ETI

RELATED TOPICS​

Recognos Financial, provider of AI based data management solutions for the financial services industry, has launched Recognos ETI, a new data extraction platform designed to unlock greater context and insight from otherwise untapped business data. 

Utilising the latest advancements in artificial intelligence (AI), natural language processing (NLP), semantic and other technologies, Recognos ETI allows companies to extract, transform and integrate both structured and unstructured documents and data into useable business intelligence.  
 
"Recent studies have shown that 80 per cent of all data in large organisations is unstructured, including many mission-critical documents such as contracts, prospectuses, and compliance documentation,” says Drew Warren (pictured), President and CEO of Recognos Financial. “Recognos ETI gives users the ability to go beyond traditional analytics to actively ask questions of their data to find the right information faster to improve business performance.”
 
Using user-defined extraction criteria (the Extraction Taxonomy), the Recognos ETI platform leverages machine learning, natural language processing and semantic techniques to maximise the accuracy and quality of the data extracted. The platform also utilises ‘human in the loop’ machine learning technology to continuously improve the data extraction process and minimise the extraction errors.
 
“Financial institutions and large corporations continue to spend billions of dollars to manually process important documents, including key AML/KYC compliance information that has become vital for these companies to maintain in light of increasing regulatory scrutiny,” says Ben Knieff, Senior Analyst, Aite Group. “Semantic technology platforms have the potential to significantly reduce costs and mitigate the risks associated with manual processing, as well as improve the overall quality of reference data.”
 

Latest News

Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15..
New analysis by London-based Nickel Digital Asset Management reveals 38 listed companies with a combined..
Bloomberg has announced that for the first time, its proprietary Bloomberg Second Measure (BSM) transaction..

Related Articles

Global ESG Investing
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of climate change and ESG factors in state policymaking...
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of..
Trends
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100 million deals announced this month alone...
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100..
Different flavours
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led, multi-boutique global asset manager with over USD20 billion under management, recently undertook a survey with 204 UK investment professionals, seeking insights into their perceptions and attitudes towards boutique asset managers...
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led,..
UK map
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be worth billions of pounds in the coming years...
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by