FirstRain Named IDC Innovator in Financial Compliance and Risk Analytics
FirstRain is proud to announce that it has been recognized as an IDC Innovator in a recent report that identifies key players pioneering the U.S. financial compliance and risk analytics markets.
In this report, IDC highlights how FirstRain customers use the FirstRain Business Web Graph, fact extraction, and event detection to know their customers better and gain new insights into their customers and operations, as well as financial services compliance (e.g., Know Your Customer and Customer Due Diligence).
The FirstRain Business Web Graph is central to providing meaningful (high-resolution) information across FirstRain solutions. In additional to SaaS based apps, customers can also leverage FirstRain at the data level, via a categorization pipeline that measures dynamic information based on the strength of relevance, noise and nature of the subject, and weighs linkages between related industries, companies and topics that can be customized for each customer. The result is that FirstRain delivers a level of disambiguation and meaning-based through analytics that far exceeds the relevance and quality that can be achieved through search or keyword-matching approaches.
Quoting from the IDC press release, “Financial firms remain under pressure from regulators to improve the effectiveness of their compliance and risk management analysis and reporting,” said Bill Fearnley, research director, Compliance, Fraud and Risk Analytics at IDC Financial Insights. “To stay ahead of bad actors and improve their compliance and fraud detection programs, financial firms are increasing investments in analytics tools and new sources and types of data.”
What to learn more about how we are helping Financial firms? Please contact us!
Big congratulations to our FirstRain product and data science team, for winning the Ventana Research “Marketing Excellence Award” for 2015! Driven by our recent Orion release, FirstRain was distinguished as a groundbreaker in Marketing Strategy and as an Essential Tool for Marketing Success by Ventana Research.
The annual Ventana Research 2015 Technology Innovation Awards recognizes companies and technologies that are continuing to innovate and utilize expertise to interact with customers and we are proud to be one of the recognized leaders amongst these!
The FirstRain platform is an analytics platform that empowers enterprise customers to deliver business-critical and actionable insights to departments, teams and individuals. Mark Smith, CEO and chief research officer at Ventana Research affirms, “Marketing needs up to date information as it assesses the market and takes action, and FirstRain’s platform exemplifies our idea of an essential tool for marketing success, through FirstRain, enterprises and especially marketing organizations are not only able to learn more about the marketplace, but they are also able to gain insights leveraging big data analytics for highly personalized, relevant and timely information for sales and marketing teams.”
FirstRain dramatically increases strategic insight by adding new families of business analytics and the ability to integrate and analyze internal company data with Web and social data.
“Ventana’s Operational Innovation Award for Marketing Excellence is a testament to the powerful business insights that we provide our customers through the FirstRain platform,” said Penny Herscher, president and CEO of FirstRain. “With FirstRain, marketers can unlock the value of internal company data with Web and social for disruptive analytics that drive smart business decisions.”
What to learn more? Please contact us for a demo!
FirstRain is proud to have been named one of Oracle’s key ISV partners as part of Oracle’s Partner ecosystem expansion announcement at this week’s Oracle Open World (#OOW2015) annual conference. In support of helping customers maximize ROI from its Oracle Cloud Applications, our newest offering, FirstRain for Oracle Sales Cloud provides subscribers on-the-go access to real-time, relevant insights into the customers, competitors and markets they care about most. With FirstRain, Oracle Sales Cloud users are coached on who to call and what to say using advanced analytics and are able to quickly stay current on the critical changes impacting their customer’s business and end markets in a simple, elegant format directly in their Oracle Sales Cloud workflows.
FirstRain’s case submitted on ‘Personal business analytics platform for reasons to call’ was selected for NASSCOM Top 50 ‘Excellence in Analytics’ 2015. The case study was selected from over 200 submissions received. As a result, NASSCOM has released a report reflecting the application, innovation, and maturity of analytics. The evolution of new technology that drives analytics adoption is trademarking globally. Shifting to a analytics centered culture is an exponential, high-powered change.
Read the report here.
FirstRain is proud to be named a finalist for “New Product of the Year – Business Intelligence Solution” as part of the Annual American Business Awards for our recently released Personal Business Analytics for CRM solution!
Our submission highlighted the “unique way that FirstRain ranks top accounts by the quality of triggers that are dynamically discovered based on a user’s role, and the products and services they sell. And how using an adaptive business graph that delivers unmatched categorization and precision, and in-the-moment, context-aware personalization, FirstRain can coach sales teams by alerting them of “Deal Breakers” and ”Accelerators” – which include real-time triggered events on potential risks in active Salesforce.com sales opportunities, or real-world events that will help accelerate sales discussions.”
As a result of our nomination, we are included in voting for the People’s Choice Stevie Awards for Favorite New Products.
Voting is open, and the winners will be honored at The American Business Awards’ new product & tech awards banquet in San Francisco in September 2015.
TO VOTE, PLEASE GO TO:
Short Code: W496Y
FirstRain’s case study on Personal business analytics platform for reasons to call has been chosen for NASSCOM’s Top 50 Excellence in Analytics 2015. The award was presented at the NASSCOM Big Data & Analytics Summit in Hyderabad, India on June 25, 2015 with the theme of “Data-Driven Disruption – The Next Frontier”. The National Association of Software and Services Companies (NASSCOM) is a trade association of Indian Information Technology (IT) and Business Process Outsourcing (BPO) industry. This summit brings together industry professionals, companies and individuals from the field of Big Data and Analytics.
MohanaKrishnan, Director, NASSCOM, said “Disruptive technologies, informed customers, rapidly changing business models are presenting challenges as well as opportunities for enterprises to explore innovative solutions available in the ecosystem. The need for drawing better insights from huge volumes of data has fueled the need for innovative analytic solutions”.
FirstRain analyzes external and internal unstructured data to coach teams and professionals on key business developments that affect their go-to-market strategy, business relationships, and investments.
The wait is over. The FirstRain Orion release is causing quite an impactful stir in the world of technology. Orion, released on June 17th, is the world’s first analytics platform that brings together external and internal unstructured data to coach teams and professionals on key business developments that affect their go-to marketing strategy, business relationships, and investments.
Recognition for this universal architecture is coming from every angle, including senior executives from Racepoint and top 10 global pharma company who highlight “smooth integrations” and “increased productivity” driven by FirstRain solutions. The primary topics of discussion displayed Orion’s ability to elevate the delivery of information by:
“We are delighted to bring the new FirstRain Orion architecture to our Fortune 1000 enterprise customers,” said Penny Herscher, FirstRain president and CEO. “The seamless integration of critical and personalized customer and market insights into their enterprise-wide solutions and mobile-first initiatives will help them grow revenue by dramatically improving the speed and quality of the employee’s daily business decisions.”
Review some of the articles covering the FirstRain Orion:
We are proud to announce that our partner Mergent has recently launched Mergent Intellect 3.0, which now provides users with an enhanced social and Web content experience powered by FirstRain analytics. Mergent joins other FirstRain partners that are providers of structured business and financial information in leveraging FirstRain’s technology platform to deliver a modern and valuable information experience.
In today’s world of information overload, data platforms must go beyond traditional news feeds that quickly get noisy, repetitive and turn-off users, in order to provide a comprehensive 360 view of companies and markets. With access to FirstRain’s technology platform, which delivers advanced analytics on unstructured information, including social media conversations on Twitter and blogs, and highly relevant, real-time insights, companies can now deliver the perfect mix of contextual data to their users.
Read the full Mergent customer story here: Mergent. Global Financial Services Solutions.
DM Radio provides a casual talk radio format for detailed discussions about the people, products, services and trends that comprise the IT industry. On this week’s episode “Rise (and Assimilation?) of the Analytics Databases” host Eric Kavanagh will lead a discussion around a whole new crop of analytics databases that have emerged. This week’s guests include FirstRain’s COO YY Lee, Zahid Akhtar of Deloitte, Mark Madsen of Third Nature, and Brian Gentile of TIBCO.
Join the broadcast to learn how can you use these tools to benefit your organization today!
Tune in Thursday February 12th 2015 at 03:00PM ET/12:00PST. Register here