Iftach Drori, Head of Marketing and Investor Relations at Shield commented, “We are delighted to have been recognized in this year’s A-Team Innovation Awards. Read the PDF or visit us for more details at https://bit.ly/2QiQYCi
2. TODAY WE ARE PROUDLY ANNOUNCING WE HAVE WON THE ‘MOST
INNOVATIVE UNSTRUCTURED DATA MANAGEMENT PROJECT’
CATEGORY IN THE A-TEAM INNOVATION AWARDS 2021, WHICH WERE
ANNOUNCED AT AN ONLINE LAUNCH EVENT ON WEDNESDAY 24TH
MARCH. THE AWARD RECOGNIZES SHIELD’S WORK WITH A TOP
NORDICS BANK TO INTRODUCE A POWERFUL END-TO-END
COMPREHENSIVE MARKET ABUSE SOLUTION, WHICH EXTRACTS
BUSINESS INSIGHTS FROM PREVIOUSLY UNSTRUCTURED DATA TO
GAIN A COMPETITIVE ADVANTAGE.
IFTACH DRORI, HEAD OF MARKETING
AND INVESTOR RELATIONS AT
SHIELD COMMENTED, “WE ARE
DELIGHTED TO HAVE BEEN
RECOGNIZED IN THIS YEAR’S A-TEAM
INNOVATION AWARDS. THE ENTRY
PROJECT HAS HELPED A LONG-
STANDING AND WELL-RESPECTED
BUSINESS EVOLVE ITS MARKET
ABUSE CAPABILITIES AND
VIGOROUSLY MEET MODERN
STANDARDS, FURTHER PROTECTING ITS CUSTOMERS AND ITS OWN
REPUTATION IN A FIERCELY COMPETITIVE MARKETPLACE. THIS IS A
PRIME EXAMPLE OF HOW THE SHIELD PLATFORM IS FLEXIBLE AND
POWERFUL ENOUGH TO PROVIDE PEACE OF MIND TO EVEN THE
LARGEST TOP-TIER FINANCIAL ENTERPRISE.”
HTTPS://WWW.SHIELDFC.COM/
THE ANNUAL A-TEAM INNOVATION AWARDS RECOGNIZE THE EXPERT
APPLICATION OF TECHNOLOGY WITHIN THE FINANCIAL SECTOR, TO
ADDRESS EVEN THE MOST CHALLENGING OF NEEDS BY UTILIZING
INSIGHT AND MARKET-LEADING TECHNICAL EXPERTISE. IN THE CASE
OF SHIELD’S WINNING PROJECT, THE CLIENT WAS STRUGGLING WITH
THE DESIRE TO STANDARDIZE ITS SYSTEMS VERSUS THE NEED TO
CONTINUE BUSINESS OPERATIONS
3. ALL THIS WAS TRANSFORMED BY ASSISTANCE FROM THE SHIELD
PLATFORM. THE SOLUTION PROVIDES AN END-TO-END
COMPREHENSIVE MARKET ABUSE DETECTION SOLUTION THAT ALSO
EXTRACTS BUSINESS INSIGHTS TO INCREASE THE EFFICIENCY OF
OPERATIONS AND ATTAIN A COMPETITIVE ADVANTAGE. WITH THE
CONSIDERED APPLICATION OF ARTIFICIAL INTELLIGENCE (AI),
NATURAL LANGUAGE PROCESSING (NLP), AND MACHINE LEARNING
(ML) CAPABILITIES TO ENRICH ALL RELEVANT DATA, SHIELD HAS
ELIMINATED THE INEFFICIENT MANUAL MONITORING AND
DETECTION SYSTEMS THAT VARIED FROM ONE BANK LOCATION TO
ANOTHER. RECORDKEEPING, INVESTIGATIVE SEARCH CAPABILITIES,
MONITORING, AND REPORTING, ARE ALL ACCESSIBLE THROUGH ONE
UNIFIED PLATFORM, WHICH WAS RAPIDLY ROLLED OUT ACROSS THE
ENTERPRISE, AND FEATURES A SIMPLE UI WHICH MEANT ALL THE
EMPLOYEE TRAINING WAS DELIVERED IN JUST ONE DAY.
IFTACH ADDED, “THIS AWARD WIN RECOGNIZES THE MULTIPLE
BENEFITS OF EMBRACING THE RIGHT SOLUTION. OUR CLIENT CAN
NOW EXECUTE SURVEILLANCE PROJECTS IN TWO OR THREE MONTHS
INSTEAD OF ONE YEAR AND THE ALERTING ACCURACY HAS
INCREASED DRAMATICALLY, INCLUDING ROBUST MARKET ABUSE
DETECTION FOR ECOMMS. NOW IT HAS OUR FULL END-TO-END
SOLUTION FOR REGULATORY ECOMMS COMPLIANCE, THE BANK CAN
BE CONFIDENT ITS SYSTEMS WILL READILY EVOLVE TO KEEP UP WITH
CHANGING REQUIREMENTS AND NEW MODES OF ECOMMS IN THE
FUTURE.”
HTTPS://WWW.SHIELDFC.COM/