On Monday May 20th, the Semantic Data Factory goes live. After many months of hard work together with our partners from Recognos Financial, DTCC and Delta Data the data factory is going live providing a long expected Industry Utility for the US Mutual Funds. The data factory has a “data assembly line” that combines an automatic NLP based data extraction process with a data correction and QA functionality where data specialists are correcting or enhancing the data that was not extracted correctly . The main advantages of our method is the high efficiency of the process. continuous improvement of the extraction process based on the accumulated experience and the maintenance of the provenance meta data associated with the result set. The system accumulated years of experimentation and prototype building in our Romanian office, that was a process involving data specialists, semantic NLP experts, distributed system developers, etc. Together with our partners from Recognos Financial in New York, we believe that the future of the financial data industry is here and we are preparing new “data production lines” for other complex financial data sets that need to be extracted from heterogeneous formatted and unformatted data sources.
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In 2013 Recognos is planning to deliver the first financial data feeds created using a new technology that allows to extract the financial data points from the SEC filings. This new technology will revolutionize the financial data industry, and will provide the foundation for the building of new “data plants” where humans interact with sophisticated technology in order to create 100% correct data feeds. The consumers of these feeds will be able to trace the data to the source where the data was extracted from. Another main trend for Recognos is the further involvement in the new Dynamic CRM Microsoft platform, where we already achieved major successes in delivering sophisticated systems to our customers.
Recognos is also looking to establish a strategic partnership with a major player in the IT Industry.
The Romanian subsidiary will also go through management changes and will be re-directed to a new form of organization where the personal involvement in management of every employee will be encouraged.
Recognos Romania will also work in the direction of becoming one of the most active members of the Cluj IT Cluster.
Drew Warren, the CEO of Recognos Financial, recently presented a webcast titled ‘Why Semantics Matters: Demonstrating the Power of Semantic Technology within Financial Services’.
This webcast was given in conjunction with Expert System, a key technology partner of the Recognos Group, and was hosted by Semanticweb.com, the leaders in disseminating information about semantic web technology.
This event showcased the Mutual Fund Information Portal, the subscription service provided by the Recognos Group in partnership with Delta Data. This service provides online access to the SEC filings for Mutual Funds but with document searching, document navigation at the chapter level, automated alerting to new documents as they are filed, and comparison across documents.
The Mutual Fund Information Portal is currently being extended to include data analysis at the data element level within chapters, and a new capability known as the Document Advisor, allowing user interaction to ‘ask questions’ of the document.
The Mutual Fund Information Portal is the first in a range of semantically-enabled business applications for the financial services market. The vision is to create a range of subscription services that provide access to ‘smart’ data, and which provide the foundation on which to provide a range of knowledge-based business applications that are at the leading edge of risk management and compliance solutions available in the market today.
The link to the webcast is available here:
Recognos Romania recently became a Certified Partner of iQser AG based in Bassersdorf (Switzerland) – the supplier of the iQser GIN Platform. GIN is a semantic platform used for the integration of heterogeneous data sources including the Internet in order to allow a real-time semantic analysis of the integrated content.
Recognos Romania’s semantic group will develop applications using the GIN platform for international clients in Europe and United States.
Drew Warren, the CEO of Recognos Fiunancial LLP will present at Semtech 2010 on Wednesday June 23rd, 2010 02:00 PM – 03:00 PM.
The presentation is: Semantic Applications in the Financial Services Industry. The main topics covers:
1. The ability to structure unstructured data
2. The ability to quickly and efficiently integrate data from many disparate sources
3. The ability to deeply mine and identify correlations and relationships between data points that would otherwise require a supercomputer
This presentation will include real examples that highlight each of the major benefits of semantic technologies. Applications to be illustrated include Mutual Fund Information Portal, Counterparty Risk and Exposure, and Alternative Investments Document Processing. All these technologies were developed by the Recognos Group (Recognos Financial, Recognos Romania, Recognos US).
Recognos Romania will participate at the 3rd Annual European Semantic Technology Conference, Vienna, Austria 2nd-3rd December 2009
Recognos Romania will participate at the 3rd Annual European Semantic Technology Conference, Vienna, Austria 2nd-3rd December 2009. During the Conference, Recognos Romania will participate at the Innovation Seed Camp with the new product named Document Advisor that allows users to ask questions from complex documents which are very difficult to understand for non specialists (legal, financial, etc.). You can meet our team at the Conference or during the Conference’s Business to Business talks.
Recognos Financial enters in strategic partnership with Metatomix to develop Semantic WEB applications for the Financial Services Industry
METATOMIX EXTENDS REACH WITH NEW STRATEGIC PARTNERS
Company’s Powerful Semantic Technology Will Complement Financial Services Solutions from Recognos Financial and Criminal Justice IS Solutions from DOBBS, RAM & Co.
Dedham, Mass., February 2, 2009 – Metatomix, Inc. www.metatomix.com, a leading provider of semantic solutions www.metatomix.com/knowledgecenter/semantic.php to justice and public safety www.metatomix.com/360applications/index.php, financial services, manufacturing and life sciences organizations, today announced Recognos Financial and DOBBS, RAM & Co. (DRC) have joined its Partner Program. Recognos Financial will base its semantic solutions for customers in the financial services industry on the Metatomix semantic platform. DRC will offer its customers the option to integrate Metatomix’s technology with their existing criminal justice infrastructure to enable far greater, more efficient data sharing.
“Recognos Financial has extensive real-world experience helping financial services customers solve sophisticated data challenges with innovative technology,” said Drew Warren, president of Recognos Financial. “With its own proven success in this industry, Metatomix brings to this equation a semantic technology solution that plays a key part in helping us address these customer challenges.”
“We are very excited about our partnership with Metatomix,” said DRC CEO Ronald B. McCrae, “and look forward to a bright and prosperous future together. DRC has developed deep expertise in criminal justice information systems through work with customers such as the IRS, for whom we implemented and maintain the State Retrieval Subsystem for the IRS’s Electronic Filing System. This partnership enables us to offer Metatomix’s unique technology, skills and experience to our own customer base.”
“Strategic partners are a critical element in our past and future success,” said Metatomix CEO Jeff Dickerson. “We continue to invest heavily in our partner program at all levels. Recognos Financial and DRC provide solutions that are complementary with our own value proposition at both the technology and business level. We look forward to working closely with both organizations to provide mutual customers with innovative technology that dramatically increases their efficiency while also cutting costs.”
Recognos Financial will use Metatomix’s semantic solution to help financial services companies correlate the very large volume of detailed data included in lengthy and numerous prospectuses. With the Metatomix solution, this data will be presented to financial services companies’ customers on-line in a highly interactive, intuitive format. Metatomix’s semantic technology will also correlate and integrate data between both internal and third party sources without requiring changes to existing systems. The end result is a solution that rapidly and intelligently integrates vast internal and external data sources in a format conducive to analysis.
DRC, headquartered in Atlanta, is a small, minority-owned and -operated systems integrator specializing in criminal justice information systems (IS) implementation, project management, and programming, and business continuity development. The company maintains Justice Information Exchange Model (JIEM) certification and leverages National Information Exchange Model (NIEM) standards. DRC and Metatomix have already successfully implemented a joint solution in Dougherty County, Georgia, to increase and optimize that county’s justice data sharing initiative. Metatomix’s commitment to DRC as a minority-owned and -operated business played a key role in the establishment and success of the partnership.
“This implementation represents one of the largest opportunities for a local, minority- or woman-owned business subcontractor of IT professional services,” said Pinky Modeste, a director in Dougherty County’s Water, Gas and Light office. “We applaud the commitment to minority- and woman-owned businesses that Metatomix has shown by partnering with DRC on this implementation. We have been consistently impressed with the personal attention shown by the members of the Metatomix team with whom we’ve interfaced. Working with company representatives who are competent in presenting the product but also have the ability to communicate effectively on a personal level goes a long way toward ensuring the project’s success.”
Metatomix’s Partner Program comprises platinum level partners, OEMs that integrate Metatomix solutions with their own private-label offerings; gold level partners that resell its semantic solution; and silver level partners that provide lead referrals.
Recognos, Inc. est. 1999 is a diverse software and applications development firm established in August 1999, in San Rafael, California. Recognos is an ISO 9001:2000 certified company for the implemented Quality Management System. Recognos is not a traditional outsourcing firm; rather it predominately develops systems by leading end-to-end processes, from requirements gathering to final implementation. Recognos has developed: A) Complex systems for Investments: – Portfolio Engineering Tool – Trade Order Management System – Commission Reconciliation Processor – Employee Trade Compliance – CRM extensions B) Banking Systems: – Risk management applications (scoring, credit/debit cards management system, POS management system, credit management system, – CRM system (Customer Relationship Management System) – Complex informational infrastructure (messaging system, integration with the Intranet) – Interfaces with existing applications and core banking systems. For more information, visit the Recognos Web site at www.recognosfinancial.com www.recognosfinancial.com.
About DOBBS & RAM CO,
The DOBBS Corporation d/b/a DOBBS, RAM & Company was founded in the state of Georgia in January 1986. Since then, DOBBS, RAM & Company has continuously provided professional Information Technology systems management and consulting services.
About Metatomix, Inc.
Founded in 2000, Metatomix is a leading provider of semantic solutions to financial services, justice, manufacturing and life sciences organizations. Metatomix solutions link data from disparate systems to create a common semantic understanding across the enterprise. Using this contextual understanding, Metatomix solutions enable real-time analysis and insights, orchestrating and coordinating responses among both people and systems to optimize business performance. For more information, visit the Metatomix Web site at www.metatomix.com
George Roth, President and CEO of Recognos, Inc. a Silicon Valley based software developer, announced today the formation of a new venture – Recognos Financial LLC.
George Roth, President and CEO of Recognos, Inc. a Silicon Valley based software developer, announced today the formation of a new venture – Recognos Financial LLC. Recognos Financial will provide specialized market data, custom software /application development services, and operational support for data tagging, formatting and cleansing. Recognos Financial is a collaborative venture between Recognos and Joe Carvalhido and Luis Baez, the original founders of Xcitek Inc., a well known and highly regarded award winning market data vendor whose assets were acquired by Interactive Data Corporation in 2007. Mr. Roth said, “bringing together data, technology, and services is a natural for the financial services industry particularly in light of the emerging semantic technologies that provide far greater meaning and insight into data of all types. Combining our technical skills with the data expertise of Joe Carvalhido and Luis Baez provides the basis for the next generation of data providers in terms of new data products, how they are distributed, and how they are used by clients. Our goal is to bring disparate data and data types together to deliver new meaning, context, and efficiencies to each member of an organization based on their specific responsibilities.”
Joe Carvalhido, Managing Director stated, “having been in the data business for many years it is very exciting to be partnered with an innovative technology firm that is on the cutting edge of the new technologies that will revolutionize the data business. Having expertise in tools like XBRL and the new semantic technologies in-house, positions us well to be in the forefront of this revolution. The possibilities are endless and we look forward to introducing several of our new data products to the market in the coming months.”
Recognos, Inc. est. 1999 is a diverse software and applications development firm established in August 1999, in San Rafael, California. Recognos is an ISO 9001:2000 certified company for the implemented Quality Management System. Recognos is not a traditional outsourcing firm; rather it predominately develops systems by leading end-to-end processes, from requirements gathering to final implementation. Recognos has developed: A) Complex systems for Investments: – Portfolio Engineering Tool – Trade Order Management System – Commission Reconciliation Processor – Employee Trade Compliance – CRM extensions B) Banking Systems: – Risk management applications (scoring, credit/debit cards management system, POS management system, credit management system, – CRM system (Customer Relationship Management System) – Complex informational infrastructure (messaging system, integration with the Intranet) – Interfaces with existing applications and core banking systems. The major clients of Recognos include: Fisher Investments, National Directory Information Services, Transylvania Bank, Cluj, Romania
George Haber a well known visionary and successful Serial Entrepreneur became the Chairman of the Board of Recognos Romania. More information about George Haber can be seen at http://www.crestatech.com/George_bio.html
The main roles of George Haber at Recognos Romania will be to provide oversight and leadership to put the company at the forefront of the industry. Develop with management a strategic plan to advance the company’s mission and objectives and to promote revenue, profitability and growth as an organization. Oversee company operations to insure production efficiency, quality, service, and cost-effective management of resources.
Recognos Romania (www.recognos.ro) is a software company established in August 2000 located in Cluj (www.cluj4all.com), the main city of Romania’s Transylvania region. With over 50 employees, Recognos Romania together with it’s sister US company Recognos Inc. (www.recognos.com) develops solutions and products for the world Financial, Investments and Banking industries and also established an incubator for new ideas and products in the WEB 2.0 and WEB 3.0 space.
Contact: Romeo Macaria, General Manager, Recognos Romania, + 40-264-591-136 or Romeo.Macaria@recognos.ro
Recognos US and the iQuest Group have created a strategic development partnership in order to provide world class technology solutions for the Banking and Investment Industries in Europe and the United States. The two companies together offer a talent pool of over 270 developers, business analysts, test engineers, and consultants with deep business knowledge and experience in the development of complex solutions including: corporate actions, mortgage brokerage, risk management, trading, order management, and incentives management. “Having established itself successfully in Germany, the UK, and Switzerland, iQuest aims to expand in the US market through this strategic alliance” says Cornelius Brody, CEO of the iQuest Group. According to George Roth, CEO of Recognos, Recognos will simultaneously be able to enter the European market after years of success on the US market. The joint development teams, situated in Romania, will provide a very experienced pool of talent to customers of both companies. In the long run the partnership also envisions integrating the products developed by both companies in order to provide comprehensive solutions for mid and large sized companies located on both sides of the Atlantic.