OutsideIQ adds monitoring module to risk service

Canadian investigative cognitive computing firm OutsideIQ has added a monitoring module to DDIQ, a service providing continuous web risk analysis.

Negative activity is highlighted on the DDIQ monitoring dashboard where a disposition decision can be made.

The DDIQ internet monitoring module is built upon an advanced cognitive computing platform. Instead of full reports, users receive only pertinent information.

“The DDIQ monitoring module is more than just an early warning system for banks, corporations and investment firms looking to continually evaluate the most up-to-date risk information available; it is also an incredible efficiency tool,” OutsideIQ founder and CEO Dan Adamson said. “In today’s regulatory environment, it is critical to assess potential risk issues on an on-going basis to meet today’s high compliance standards, but those processes need to be sustainable.”

DDIQ was developed in partnership with Exiger, a global regulatory and financial crime, risk and compliance firm. It searches regulatory data bases, the open web and premium structured content.

“Effective due diligence in the current regulatory environment requires comprehensive investigative capabilities supported by proactive monitoring that allows compliance professionals to quickly act on emerging issues,” said Noah Zaltz, Vice President, Strategy & Business Development, Exiger. “The DDIQ monitoring module combines the peace of mind of a full-time monitoring operation with the practicality of an automated solution that can quickly cut through the noise to provide critical information.”