by Angela Guess

A new release out of the company states, “MapR Technologies, Inc., provider of the industry’s only Converged Data Platform, today announced the immediate availability of the MapR Risk Management Quick Start Solution for Financial Services powered by the MapR Converged Data Platform. With more data available to detect, identify and avoid loss from fraud, cybercrime, or regulatory non-compliance, financial services companies can engage with MapR data scientists and deploy the MapR Converged Data Platform to quantify and manage risk. ‘MapR data scientists have worked with some of the world’s largest banks, brokerages and fintech companies,’ said Dave Jespersen, vice president of worldwide services, MapR Technologies. ‘With this new Risk Management Quick Start solution, we have created a proven, repeatable and demonstrable approach to identifying fraud and other illicit activities using the scale and reliability of the MapR Converged Data Platform’.”

The release continues, “Traditional messaging and processing technologies are insufficient to handle the increasing scale and complexity of risk management and its associated data. With the MapR data science-driven approach to risk management combined with the MapR platform, important vulnerabilities can be identified, modeled and analyzed to detect fraud, money laundering, identity theft, rogue trading and terrorist financing… The MapR Financial Services Risk Management QSS is data science driven and delivers a working data science model and solution and a path forward from a five week consulting engagement.”

Read more at BusinessWire.

Photo credit: MapR