Expert System and NominoData Partner to Deliver Next Generation AML and Compliance Cognitive Solutions

The partnership will combine NominoData's deep domain expertise in total risk coverage (risk management, fraud detection, fraud prevention, anti money laundering) with Expert System's artificial intelligence solutions improving organizations decision-making processes. Thanks to the integration of NominoData's data into Expert System's offering, both companies will extend the market reach of their products and services for financial institutions as well also for non-bank organizations.

Robert A. Goldfinger, President of NominoData LLC, commented: "The integration of Expert System platform with data provided by NominoData empowers customers to mitigate operational risk through review of open source intelligence information. Identifying risk relevant information pertaining to individuals and entities enables analysts and investigators to comply with regulatory requirements and develop opportunities for operational advancements."

NominoData's innovative solutions are based on a full comprehensive data offering that includes: Negative News from global and domestic open source data of risk relevant information (from media, government sources, blogs etc.); PEP data file for U.S. Domestic ,Global and PEPS associates; government Sanctions and watch-lists from the U.S. and around the globe; data file of legitimate marijuana businesses from the 24+ "legalized" U.S states; HIDTA/HIFCA zip-code/town/county data table; a wide-ranging set of name variations; and Panama Papers associates file of 150K + names of PEPS/REPS linked to the Papers listed individuals.

"We are pleased to form a strategic partnership with NominoData. By combining Expert System's cognitive computing capabilities in leveraging big data and analytics with NominoData rich data heritage, we can offer new productivity-boosting solutions to support risk and compliance analysts in mitigating risks in the most effective way." said Bryan Bell, Expert System Enterprise EVP, Market Development.

Expert System and NominoData will be presenting their joint offering at the world's largest AML and financial crime conference: ACAMS 15th Annual AML & Financial Crime Conference, Las Vegas, September 26 – 28, 2016.

About NominoData
NominoData is a solutions company formed to help clients with worldwide identity, compliance, and risk management issues associated with modern day commerce. Our founders leverage their expertise in risk management, security, search, name/entity recognition, and extraction into innovative and productivity boosting solutions that revolutionize their field.

For more information visit www.nominodata.com

About Expert System
Expert System is a leading provider of cognitive computing and text analytics software based on the proprietary, patented, multilingual semantic technology of Cogito. Using Expert System's products, enterprise companies and government agencies can go beyond traditional keyword approaches for the rapid sense making of their structured and unstructured data. Expert System technology has been deployed to deliver solutions for a vast range of business requirements such as semantic search, open source intelligence, multilingual text analytics, natural language processing and the development and management of taxonomies and ontologies. Expert System serves some of the world's largest industries including Banking and Insurance, Life Sciences and Pharmaceuticals, Oil and Gas, Media and Publishing, and Government including companies such as Shell, Chevron, Eli Lilly, Networked Insights, Nalco Champion, US Department of Justice, DTRA, BAnQ, Biogen, Bloomberg BNA, Elsevier, Gannett, IMF, RSNA, P\S\L, Sanofi, SOQUIJ, The McGraw-Hill Companies, Thomson Reuters, U.S. Department of Agriculture, Wiley and Wolters Kluwer. 

For more information visit www.expertsystem.com, follow us on Twitter at @Expert_System

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SOURCE Expert System

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