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Catelas®, the leading provider of ‘eComms Surveillance’ solutions, and Neurensic, a funded startup with artificial intelligence-powered compliance tools, announced at SIFMA's Compliance & Legal Society 48th Annual Seminar and FIA’s Inte rnatio nal Futures Industry Conference (Boca) a new partnership to deliver an integrated holistic surveillance solution for asset managers, hedge funds, broker-dealers, exchanges, and regulators.
"Catelas brings impressive innovation to the eComms space,” said David Widerhorn, co-founder and CEO of Neurensic. “This integration not only links trades with messaging, it uncovers the relevant parties, relationships, and possible collusive networks associated with each trade cluster. Each trader’s risk is based on a complete picture – the people, the messages, the trades, and the news. This solution alleviates the risks and burdens associated with putting together results from disparate systems. We have replaced keyword searches with behavior science and ‘if-then’ rules with intent-based risk scores.”
“People trade, people talk, people collaborate, and collude. To understand risk you need to see and understand the whole picture – it’s not just about rules and keywords, it’s about holistic risk,” said Eddie Cogan, Founder and CEO of Catelas. “I am very excited by this integration. Neurensic’s machine learning tools uncover trading risks and Catelas correlates that activity with associated communication risk. That’s holistic surveillance and that’s the next generation of regulatory protection.”
