Brain over brawn: Semantic technology and machine learning take new role in managing finance …

The finance industry has more than its share of data-intensive processes. But at least one technology firm is making the case that the answer to these challenges is not the traditional approach of ramping up data processing power – it’s smarter data processing. With a semantic technology-based platform, Recognos Financial is taking a different approach to data processing and applying it to financial processes as wide-ranging as securities master management, onboarding and KYC compliance. In mutual funds, for example, the company has assembled a securities master file for the mutual fund industry using a variety of tools from semantic technology to machine learning. As an Edgar distributor, Recognos has all mutual fund prospectuses and amendments, and it uses a combination of technologies to extract data from those unstructured data sources.…


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