AFTAs 2020: Most Innovative Third-Party Technology Vendor (AI, Machine Learning and Analytics)—Behavox
Enterprise risk and compliance solutions provider Behavox experienced explosive demand for its product in 2020, as the world’s sudden pivot to remote working tested business continuity protocols and created new opportunities for employee misconduct.
This is why the company—which offers a machine learning-powered platform that helps firms aggregate and analyze enterprise communications data, including email, messaging and voice, for risk assessment, regulatory compliance and fraud monitoring—wins this AFTA for the second year in a row. “The coronavirus accelerated the understanding that the workplace is no longer a place,” says Erkin Adylov, Behavox founder and CEO. “It has become a digital realm, and the laws of people don’t apply in that realm—it is a complete Wild West. And work is not going to become less digital—firms are thinking that we need to bring the same laws that govern our day-to-day lives to that digital realm, but they need someone to organize all the data they generate.”
Early in 2020, Behavox received a $100 million investment from SoftBank, itself a client. The company then signed up a number of the world’s largest banks and asset managers, and doubled its headcount, as it moved into new territories (Japan and the Nordics) and expanded its existing office in Montreal to accommodate additional data scientists and engineers.
The company also managed to complete implementations in months that normally would have taken far more time, with many customers taking advantage of the cloud-based version of the platform. One implementation, at Danske Bank, took just five months.
This year, as the company grows, it is planning to enhance its platform with Behavox Boost, a tool for modeling employee performance, and Motivate, which analyzes “soft” concepts like team morale and the quality of team collaboration.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-digital.com/terms-and-conditions/subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-digital.com/terms-and-conditions/subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
IMD & IRD Awards 2024 winner's interview: Tradeweb
Tradeweb won Most innovative market data project in this year’s Inside Market Data & Inside Reference Data Awards.
IMD & IRD Awards 2024 winner's interview: S&P Global Market Intelligence
S&P Global Market Intelligence won Best corporate actions data initiative in this year’s Inside Market Data & Inside Reference Data Awards.
Waters Rankings 2024: Best outsourcing service provider—Northern Trust
Product/service: Integrated Trading Solutions
Waters Rankings 2024: Best cloud infrastructure provider—IPC Systems
Product/service: Connexus Cloud
Waters Rankings 2024: Best buy-side order management system (OMS) provider—SS&C Technologies
Product/service: Eze OMS
Waters Rankings 2024: Best reconciliation management provider—Duco
Product/service: Duco platform
Waters Rankings 2024: All the winners and why they won
WatersTechnology readers voted to determine the winners in 35 technology and data categories comprising this year’s virtual Waters Rankings.