Welcome!

Agile Computing Authors: Mehdi Daoudi, Stackify Blog, Elizabeth White, Liz McMillan, Pat Romanski

Blog Feed Post

Ontology Launches Solutions For Financial Services Industry

Former BT trading room solutions Global Account Director appointed to drive adoption of Ontology's Semantic Search solutions for Risk Data Aggregation and Risk Reporting as well as Transaction Reconstruction for Dodd-Frank Compliance

London, UK - February 14th, 2013: Ontology Systems, the semantic search company for structured enterprise application data, announces the launch of its first two semantic search solutions for the financial services industry, and the appointment of Andrea Harding to lead adoption of the solutions into the sector.

In 2013 the Financial Stability Board (FSB) are asking all Global Systemically Important Banks (G-SIBs) to develop strong Risk Data Aggregation and Risk Reporting capabilities, in line with the Basel Committee on Supervision (BCBS) principles, for the gathering and processing of risk data to enable banks to measure their performance against their risk tolerances. This represents a major challenge for financial institutions; caused by dependencies that exist in many data silos between complex instruments, agreements and contracts to market impacting events, traditional data integration approaches struggle to analyse the complex dependencies across multiple source systems, to provide with a complete understanding of risk exposure.

The Dodd-Frank Act presents a considerable challenge for financial institutions. In 2013 all swap dealers and major swap participants will be required to demonstrate an action plan to maintain a complete audit trail of all a swap trade related communications to the Commodity Futures Trading Commission (CFTC). This will necessitate the recording, indexing, and alignment of SMS text messages, instant messages, emails, documents, mobile, fixed and private line calls and all other communications covered by the legislation.

"Ontology has been applying semantic search to disparate datasets for many years, removing the need for expensive data integration projects," said Benedict Enweani, CEO and founder of Ontology Systems. "Using semantic search, Ontology is able to link data from enterprise systems that were never designed to be integrated. By indexing and relating different communications or trade components into a searchable graph, Ontology users can reconstruct the communications behind a trade or see real-time dependencies that affect trade positions, all without traditional integration."

Both Transaction Reconstruction and Risk Data Aggregation and Risk Reporting solutions are available with immediate effect.

Commenting on the appointment of Andrea Harding, Enweani said: "We are delighted to have Andrea join us at Ontology at this exciting time and her extensive experience and insight will help drive the adoption of semantics within the financial services industry. She is a vastly experienced sales professional with an outstanding track record within the global banking and financial markets. With our semantic search solutions already adopted and proven within the communications industry, we are seeking to show we are a perfect fit for the complex and disparate datasets in the financial service industry, too."

Harding brings a wealth of knowledge and industry experience to Ontology having most recently worked as a Global Account Director with BT Global Banking & Financial Markets on the Trading Room Solutions team since 2005.

Based in Ontology's London headquarters, Harding's appointment was effective from the start of this February 2013.

-- ends --

Resources:

  • For more information about Ontology Systems, visit www.ontology.com

  • Download the Ontology Transaction Reconstruction data sheet

  • Download the Ontology Risk Data Aggregation and Risk Reporting data sheet

  • Follow us on Twitter @OntologySystems

  • Follow us on LinkedIn

About Ontology Systems

Search, don't integrate

Ontology is the enterprise semantic search company.

Ontology Systems is revolutionising how companies use their structured application data. Ontology applies the power, simplicity and speed of search to business applications across the enterprise. This means the ability to search and centralise applications, databases, files, spread sheets …anywhere, without the cost and risk of integration.

Founded in 2006 and headquartered in London, UK, Ontology customers include Telenor, BT, Level3, Three UK, Vodacom, MBNL, Internet Solutions and Telkom SA.

For more information, visit www.ontology.com or follow @OntologySystems

Media Contact: Nick Gregory ([email protected])

Read the original blog entry...

More Stories By RealWire News Distribution

RealWire is a global news release distribution service specialising in the online media. The RealWire approach focuses on delivering relevant content to the receivers of our client's news releases. As we know that it is only through delivering relevance, that influence can ever be achieved.

@ThingsExpo Stories
SYS-CON Events announced today that Golden Gate University will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Since 1901, non-profit Golden Gate University (GGU) has been helping adults achieve their professional goals by providing high quality, practice-based undergraduate and graduate educational programs in law, taxation, business and related professions. Many of its courses are taug...
SYS-CON Events announced today that DXWorldExpo has been named “Global Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Digital Transformation is the key issue driving the global enterprise IT business. Digital Transformation is most prominent among Global 2000 enterprises and government institutions.
An increasing number of companies are creating products that combine data with analytical capabilities. Running interactive queries on Big Data requires complex architectures to store and query data effectively, typically involving data streams, an choosing efficient file format/database and multiple independent systems that are tied together through custom-engineered pipelines. In his session at @BigDataExpo at @ThingsExpo, Tomer Levi, a senior software engineer at Intel’s Advanced Analytics ...
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...
When shopping for a new data processing platform for IoT solutions, many development teams want to be able to test-drive options before making a choice. Yet when evaluating an IoT solution, it’s simply not feasible to do so at scale with physical devices. Building a sensor simulator is the next best choice; however, generating a realistic simulation at very high TPS with ease of configurability is a formidable challenge. When dealing with multiple application or transport protocols, you would be...
There is only one world-class Cloud event on earth, and that is Cloud Expo – which returns to Silicon Valley for the 21st Cloud Expo at the Santa Clara Convention Center, October 31 - November 2, 2017. Every Global 2000 enterprise in the world is now integrating cloud computing in some form into its IT development and operations. Midsize and small businesses are also migrating to the cloud in increasing numbers. Companies are each developing their unique mix of cloud technologies and service...
WebRTC is great technology to build your own communication tools. It will be even more exciting experience it with advanced devices, such as a 360 Camera, 360 microphone, and a depth sensor camera. In his session at @ThingsExpo, Masashi Ganeko, a manager at INFOCOM Corporation, will introduce two experimental projects from his team and what they learned from them. "Shotoku Tamago" uses the robot audition software HARK to track speakers in 360 video of a remote party. "Virtual Teleport" uses a...
SYS-CON Events announced today that Secure Channels, a cybersecurity firm, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Secure Channels, Inc. offers several products and solutions to its many clients, helping them protect critical data from being compromised and access to computer networks from the unauthorized. The company develops comprehensive data encryption security strategie...
Recently, WebRTC has a lot of eyes from market. The use cases of WebRTC are expanding - video chat, online education, online health care etc. Not only for human-to-human communication, but also IoT use cases such as machine to human use cases can be seen recently. One of the typical use-case is remote camera monitoring. With WebRTC, people can have interoperability and flexibility for deploying monitoring service. However, the benefit of WebRTC for IoT is not only its convenience and interopera...
When shopping for a new data processing platform for IoT solutions, many development teams want to be able to test-drive options before making a choice. Yet when evaluating an IoT solution, it’s simply not feasible to do so at scale with physical devices. Building a sensor simulator is the next best choice; however, generating a realistic simulation at very high TPS with ease of configurability is a formidable challenge. When dealing with multiple application or transport protocols, you would be...
SYS-CON Events announced today that App2Cloud will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct. 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. App2Cloud is an online Platform, specializing in migrating legacy applications to any Cloud Providers (AWS, Azure, Google Cloud).
IoT is at the core or many Digital Transformation initiatives with the goal of re-inventing a company's business model. We all agree that collecting relevant IoT data will result in massive amounts of data needing to be stored. However, with the rapid development of IoT devices and ongoing business model transformation, we are not able to predict the volume and growth of IoT data. And with the lack of IoT history, traditional methods of IT and infrastructure planning based on the past do not app...
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, shared examples from a wide range of industries – including en...
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. Jack Norris reviews best practices to show how companies develop, deploy, and dynamically update these applications and how this data-first...
Intelligent Automation is now one of the key business imperatives for CIOs and CISOs impacting all areas of business today. In his session at 21st Cloud Expo, Brian Boeggeman, VP Alliances & Partnerships at Ayehu, will talk about how business value is created and delivered through intelligent automation to today’s enterprises. The open ecosystem platform approach toward Intelligent Automation that Ayehu delivers to the market is core to enabling the creation of the self-driving enterprise.
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Consumers increasingly expect their electronic "things" to be connected to smart phones, tablets and the Internet. When that thing happens to be a medical device, the risks and benefits of connectivity must be carefully weighed. Once the decision is made that connecting the device is beneficial, medical device manufacturers must design their products to maintain patient safety and prevent compromised personal health information in the face of cybersecurity threats. In his session at @ThingsExpo...
SYS-CON Events announced today that Grape Up will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct. 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company specializing in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the U.S. and Europe, Grape Up works with a variety of customers from emergi...
Detecting internal user threats in the Big Data eco-system is challenging and cumbersome. Many organizations monitor internal usage of the Big Data eco-system using a set of alerts. This is not a scalable process given the increase in the number of alerts with the accelerating growth in data volume and user base. Organizations are increasingly leveraging machine learning to monitor only those data elements that are sensitive and critical, autonomously establish monitoring policies, and to detect...
SYS-CON Events announced today that Massive Networks will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Massive Networks mission is simple. To help your business operate seamlessly with fast, reliable, and secure internet and network solutions. Improve your customer's experience with outstanding connections to your cloud.