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Have rogue employees met their match in AI?

by | May 15, 2017

American Banker names Sybenetix alongside IBM and Digital Reasoning as one of the leading technology firms capable of using AI to uncover Market Abuse. Penny Crosman from AB goes on to state that Sybenetix helps compliance officers do their job better by speeding up the investigation process of suspected foul play whilst also making traders more aware they are being watched.

Wendy Jephson, Co-Founder and Chief Behavioural Scientist at Sybenetix, discusses how Compass has been promoting behavioural change among traders and management within the organisations in which it has been implemented. “We’ve seen in a number of cases that traders are now coming to compliance officer before they trade and checking with them” and that “one of our clients said this is unheard-of behavioural change, for the front office to in and talk to compliance. They’re basically saying, Look, I know you’re going to tap me on the shoulder, you’re going to ask me questions, let me just tell you about it upfront and make sure you’re fine.”

Penny Crosman writes that Sybenetix teaches its AI engine the specifics of each job, so it can create a model of normal behavior. This is used to create intelligent alerts for compliance officers, allowing them to ask smarter questions.

 

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