Virtualization Technology News and Information
Sinequa Providing Cognitive Search and Analytics for Germany's Second Largest Bank

Sinequa announced a customer agreement with DZ BANK of Germany to boost the ability of the bank's workforce to gain insight from data, share ideas, innovate and achieve effective corporate governance in the areas of risk management, reputation management and transparent decision making.

DZ BANK is the second largest bank in Germany with approximately 1,000 cooperative banks and their 12,000 branch offices. The Volksbanken Raiffeisenbanken Co-operative financial network, one of Germany's largest private sector financial service organizations, incorporates DZ BANK to function as both a central institution and as a corporate and investment bank.

"An in-depth proof of concept of the leading market solutions confirmed that Sinequa was a step ahead for combining sophisticated analytics, including advanced Natural Language Processing and Machine Learning. Sinequa provided the most relevant insight for our users from both structured and unstructured data while complying with our high standards in terms of data security," said Peter Schminke, IT-Specialist at DZ BANK.

DZ BANK looked for a comprehensive but flexible system allowing the company to migrate from its current solution with minimum effort. The bank selected Sinequa after an in-depth evaluation on the recommendation of B-S-S Business Software Solutions GmbH, a German IT Software and Services Company. Sinequa's excellent connectivity, a rich administration functionality, advanced NLP and a ready-to-use front-end were important criteria for the bank's decision. B-S-S will be in charge of implementing Sinequa's platform.

"Data is the lifeblood of the modern enterprise, and this is especially true for large financial organizations such as DZ BANK," said Stéphane Kirchacker, vice president Sales, EMEA at Sinequa. "As Sinequa continues to expand its footprint in the financial sector, we are very pleased to count DZ BANK, the second largest bank in Germany, among our customers. Together with our partner B-S-S, we are committed to helping DZ BANK improve insights, facilitate innovation and provide the right information to the right person at the right time."

"Sinequa's cognitive search and analytics platform is bringing the power of AI to Enterprise Search to provide our customer DZ BANK a ‘future proof' solution that offers a whole range of opportunities for future innovations," said Christian Wittrich, CEO of B-S-S.

Published Tuesday, December 05, 2017 2:30 PM by David Marshall
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