AI Case Study

Nasdaq enhances conduct surveillance to ensure compliance and transparency to achieve 250% increase in detection acuity using natural language processing and machine learning

Nasdaq uses Digital Reasoning's AI platform to analyse different forms of communication and structured data to determine risk of potentially illegal behaviour. The platform analyses behaviours, intentions, and emotions using NLP and machine learning and has helped Nasdaq achieve a 250% increase in detection acuity and 50% reduction in false positives.

Industry

Financial Services

Fund And Asset Management

Project Overview

"Nasdaq discovered Synthesys, a pioneering cognitive computing platform from Digital reasoning. Synthesys had delivered impressive results to institutions including UBS, Goldman Sachs, Point 72 and many others with documented outcomes such as a 250% increase in detection acuity, 50% reduction in false positives, and a quadrupling in efficiency making it feasible to extend electronic communications surveillance to 100% of employees.

In February 2016, the organizations partnered and found a way to fight against financial crime by announcing a global alliance to deliver next generation, holistic markets surveillance capabilities."

Reported Results

Digital Reasoning claims:

* 250% increase in detection acuity
* 50% reduction in false positives
* Quadrupling in efficiency making it feasible to extend electronic communications surveillance to 100% of employees

Technology

Function

Risk

Security

Background

"Serving 40 marketplaces, 11 regulators and 100 market participants in 65 countries, the company is aware of the awesome responsibility it holds for protecting the operations and reputation of its customers and the stability of a system that affects millions of people."

Benefits

Data