Cogency Software Announces New Release of Cogency Wisdom Targeted at Financial Services Marketplace.Business Editors/High-Tech Writers SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif.--(BUSINESS WIRE)--Nov. 18, 2002 Release includes new functionality for anti-money laundering and enhanced risk monitoring Cogency co·gent adj. Appealing to the intellect or powers of reasoning; convincing: a cogent argument. See Synonyms at valid. [Latin c Software, Inc., the developer of Cogency Wisdom(TM), the industry's most powerful and unique platform for the development of enterprise-scale, real-time monitoring and management applications, today announced the general availability of the latest release of its flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , Cogency Wisdom(TM) version 3. This new release features significant enhancements aimed at the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. community, including powerful risk aggregation and anti-money laundering Anti-money laundering ("AML") is a term mainly used in the financial and legal industries to describe the legal controls that require financial institutions and other regulated entities to prevent or report money laundering activities. functionality. Cogency Wisdom version 3 includes new functionality added as a result of financial services industry demand, including robust anti-money laundering functionality designed to address new regulations driven by the Patriot Act Patriot Act: see USA PATRIOT Act. and the generally increased attention on regulatory and internal compliance across the financial services marketplace. In addition, the new product includes significant enhancement to risk aggregation functionality in areas such as credit exposure and an overall streamlining of the product to ensure optimal ease-of-use post-implementation. "We have heard an overwhelming demand from the financial services industry for a solution that allows institutions to collect and combine large amounts of data from multiple, disparate applications across their businesses," said Sameer Shalaby, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Cogency Software. "The newest release of Cogency Wisdom presents these institutions with a powerful solution to rapidly create and deploy enterprise-scale, real-time monitoring and management applications that aggregate and compellingly present this data in a wide variety of areas, including investment compliance, risk monitoring, anti-money laundering, and a host of others. "Cogency Wisdom's open, extremely flexible architecture is easy for clients to use and adapt to their unique business needs," said Jeffery Axelrod. "Our development efforts have leveraged proven, industry-standard XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. and Java technologies to ensure a standards-compliant architecture that will prove highly extensible over time." Managing your business with Wisdom(TM) Cogency Wisdom is the industry's most powerful and unique solution for enterprise-scale, real-time monitoring and management applications. Cogency Wisdom allows business users to aggregate, filter, correlate and analyze large volumes of business data flowing through an enterprise in real-time. Users have unlimited flexibility in the presentation of data, including customizable, Web-based management reporting enabling timely and intelligent decision making. About Cogency Software Cogency Software is a leading provider of enterprise-scale, real-time monitoring and management applications. Founded in 1997 and headquartered in San Mateo, CA, we have developed a powerful platform that revolutionizes the way organizations operate. With our Cogency Wisdom(TM) product line, you can create a single display of disparate business data that lets you manage and control events as they unfold unfold - inline . For more information, visit Cogency's Web site at www.cogencysoft.com. |
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