Posts Tagged ‘banking’

Cognitum Points To Use Cases For Semantic Knowledge Engineering

fl24Cognitum’s year got off to a good start, with an investment from the Giza Polish Ventures Fund, and it plans to apply some of that funding to building its sales and development teams, demonstrating the approaches to and benefits of semantic knowledge engineering, and focusing on big implementations for recognizable customers. The company’s products include Fluent Editor 2 for editing and manipulating complex ontologies via controlled natural language (CNL) tools, and its NLP-fronted Ontorion Distributed Knowledge Management System for managing large ontologies in a distributed fashion (both systems are discussed in more detail in our story here). “The idea here is to open up semantic technologies more widely,” says CEO Pawel Zarzycki.

To whom? Zarzycki says the company currently has pilot projects underway in the banking sector, which see opportunities to leverage ontologies and semantic management frameworks that provide a more natural way for sharing and reusing knowledge and expressing business rules for purposes such as lead generation and market intelligence. In the telco sector, another pilot project is underway to support asset management and impact assessment efforts, and in the legal arena, the Poland-based company is working with the Polish branch of international legal company Eversheds on applying semantics to legal self-assessment issues. Having a semantic knowledge base can make it possible to automate the tasks behind assessing a legal issue, he says, and so it opens the door to outsourcing this job directly to the entity pursuing the case, with the lawyer stepping in mostly at the review stage. That saves a lot of time and money.

Read more

Semantics & Big Data Go to the Bank

Glen Fest of American Banker reports, “The use of semantics often is a way to evade the issue at hand (i.e., Bill Clinton’s parsed definition of ‘is’). But in David Saul’s world of bank compliance and regulation, it’s something that can help get right to the heart of the matter. Saul, the chief scientist at State Street Corp. in Boston, views the technology of semantics—in which data is structured in ways that it can be shared easily between bank divisions, institutions and regulators—as an ends to better understand and manage big-bank risk profiles. ‘By bringing all of this data together with the semantic models, we’re going to be able to ask the questions you need to ask to prepare regulatory reporting,’ as well as internal risk calculations, Saul promised at a recent forum held at the New York offices of SWIFT, the Society for Worldwide Interbank Financial Telecommunication.” Read more

Experian Acquires Garlik, Ltd.

Today, Experian, the global information services company, announced that it has acquired Garlik Limited, a provider of web monitoring services based in the United Kingdom. Garlik uses Semantic Web Technologies to help consumers protect themselves from the risks of identity theft and financial fraud.  At the last SemTechBiz UK Conference, Steve Harris, CTO of Garlik, presented “Combatting Online Crime with RDF.” Mr. Harris presented a compelling case of Garlik’s use of Semantic Technology throughout its offerings to support business-critical, highly sensitive production systems to financial institutions worldwide. Read more

The hi-tech miracle rescuing Ireland from a banking crisis – Telegraph.co.uk


Telegraph.co.uk
The hi-tech miracle rescuing Ireland from a banking crisis
Telegraph.co.uk
The Celtic Tiger has moved on, as you learn quickly in the high-tech hub of Galway, home of the “semantic web“,

and more »

RBS group in web revamp – Marketing

RBS group in web revamp
Marketing
The banking group is close to completing a ‘semanticweb platform, which has been in development for the past two years. This will enable it to tailor

and more »

Semantic Technologies Really Do Pay Off

As the former Chief Information Officer of Europe’s largest internet bank, Egg plc, the decision to select semantic technologies to underpin the launch of my next large scale consumer business, Garlik (www.garlik.com), was not one I took lightly.

Read more