Novetta Launches Entity Analytics
Service Has KYC, Risk Management Applications
Analytics technology provider Novetta has launched Novetta Entity Analytics, a service built on the use of the Hadoop method to process large amounts of data, which can accept data from multiple sources and perform large-scale analytics on it.
Novetta Entity Analytics has applications in financial services for management of know-your-customer (KYC) data, analysis of potential fraud, and risk analysis, according to Jennifer Reed, director of product management at Novetta.
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