Frankfurt-based Software AG has just shipped Apama Eagle Eye, an artificial intel;ligence, (AI), powered market surveillance system, which provides a holistic view for multi-asset class global surveillance.
With today’s real-time markets and ever-changing regulations, such as the Markets in Financial Instruments Directive II (MiFID II), financial organizations need to rapidly detect and respond to abusive trading patterns and rogue trading.
Software AG’s Apama EagleEye monitors communication and behavioral data, enabling financial firms to analyze their regulatory compliance activities in a single view in real time.
Wolfram Jost, Chief Technology Officer, Software AG said: “With organizations scrambling to meet deadlines for MiFID II, GDPR and other regulations early next year, they will welcome a solution that offers not just a single view of all of their data, but also analyzes it for possible compliance breaches.”
With Apama EagleEye, organizations can monitor live streaming data, historical information, and communications to detect compliance rule breaches and abusive patterns across asset classes, geographies, and markets. Apama EagleEye seamlessly extends rules-based surveillance strategies by integrating with artificial intelligence (AI), machine learning, predictive analytics, and statistical models based on open industry standards.
Via alerting, case management, and customizable reports, Apama EagleEye arms compliance teams with a comprehensive tool to optimize compliance breach analysis.
Jost concluded: “Regulators and board members are asking compliance to do more – and to do it more quickly, often in near real-time. Apama EagleEye helps companies to protect their profits from fraud, avoid regulatory penalties and to spot trading misconduct before it impacts the bottom line.”
Apama EagleEye leverages the latest features of Software AG’s Apama streaming analytics platform combined with Zementis’ predictive analytics capabilities.