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Hatstand and Sqreem announce surveillance platform

First Published 8th July 2016

Hatstand Partners and Sqreem surveillance platform deploy machine learning and big data mining to fight financial crime.

New York and London - Financial services consultancy and capital market provider Hatstand, a Synechron company, has established a strategic partnership with Sqreem, a pattern detection and predictive analysis software firm, to jointly provide solutions for use with financial crime.

Sqreem's algorithms can detect anomalies in patterns, identify illicit behaviour and predict future behaviour. Firms can then react in real or near-real time to the threat and proactively put defences in place. The solution offers scaling across hardware resource environments (cloud), and can connect data from any source. The solution can be used to detect cyber fraud, money laundering, terrorist financing, rogue trading, bribery, corruption and market abuse.