Semantics are Helping The Financial Sector Reduce Compliance Costs

Greg MacSweeney of Wall Street & Tech reports, “Technology’s role in helping financial institutions meet the increasing regulatory burden was front and center at SWIFT’s Operations Forum 2013 conference, with panelists commenting that cloud, big data and semantic technology will help organizations in the near future. With most experts estimating that the compliance price tag for the financial services industry will be in the billions of dollars, financial organizations are looking for ways to meet regulatory demands while simultaneously trying to reduce costs.” Read more


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