Analytics software specialist Memex has today unveiled a major update to its flagship crime and threat detection suite featuring enhanced search and reporting capabilities and a new web-based user interface.
The company, which has traditionally provided analytics and content management software for police and intelligence agencies, said that Memex Series VI was likely to see growing interest from corporate customers.
"Our customer base is shifting and we are seeing more demand from corporates, particularly in the banking and insurance sectors, where companies have issues with gathering and managing intelligence," said Mark Gibson, vice president of operations for Memex in Europe, Middle East and Africa. "An increased focus on risk management, the impact of regulations like Sarbannes-Oxley and the fact that the police are asking for businesses to play a bigger part in crime detection means they are seeing the value in crime detection systems."
Memex's chief technology officer, Tom Duke, said that the suite provided advanced analytics functionality capable of spotting anomalous transactions or data relationships that might signal criminal activity. He added that customisable templates are also available to tailor this underlying functionality for a specific threat. "We are able to leverage the expertise we have gained working with crime agencies to develop these packages," he said. " They cover areas like money laundering, anti-piracy, organised crime detection, or informant management for companies that may have a whistleblower policy."
Duke added that the underlying functionality of Memex Series VI has also been enhanced with new federated search and data indexing functionality, which is designed to make it easier for firms to detect and search for anomalous data, an improved customisable user interface, and more sophisticated "pro-active" rep orting capabilities that automatically provides users with relevant information.
A new web-based module called Memex Sententia, which provides employees or investigators with remote access to the system, will also reduce deployment time and management costs, and will particularly appeal to corporate customer, according to Duke.
