Toshiba To Use Basis Technology's Rosette Name Matching In Its Export Management System
Aiming for thorough transaction management by automating watch list screening
CAMBRIDGE, Mass., Aug. 9, 2016 /PRNewswire/ -- Basis Technology, the leader in multilingual text analytics, announced today that Toshiba Corp. will use Basis Technology's Rosette® name matching capability in Toshiba's export management system.
Toshiba has built their export management system in order to strengthen compliance and the management of transactions, and will use Rosette to screen various published watch lists for transactions in Japan and overseas, automatically checking names against watch lists which are updated daily.
To address the problem of matching names when people's names are written in a foreign language, with abbreviations, or misspellings, Rosette can match the names of people or companies against various watch lists, overcoming variations in how the names are written. By using Rosette, it is possible to match the names of people or companies from any country, regardless of which language it is written in, because Rosette takes an approach based on intelligent use of phonetics and orthography. In addition, because it knows how name spelling patterns vary in each language, its fuzzy matching can prevent matches being missed.
The main features of Rosette are as follows:
- Matching the name being checked even if it is written differently than the person's name on the list
- Finding a name even with spelling variations and mistakes
- Matching even when the family name and given name are out of order
- Matching even with missing name elements (such as middle name) or name truncations
This highly precise name-matching tool is being used by U.S. government agencies such as the Department of Homeland Security and Customs and Border Protection. Besides being used for counter-terrorism, there has also been a rapid increase in its use in anti-money laundering. Rosette supports the world's 14 major languages, including English, Japanese, Chinese, Korean, French, Spanish, Russian, and Arabic.
"By incorporating intelligent name matching technology from Rosette, Toshiba is building a new export control system that will strengthen corporate governance and risk management," said Carl Hoffman, CEO of Basis Technology. "Navigating the complex requirements of each country and fulfilling international trade agreements requires systems that will reliably streamline this critical business function."
Press release translated from Japanese
About Basis Technology
Analyzing text—the hardest part of big data—is critical to verifying identity, understanding customers, anticipating world events, and uncovering crime. Companies such as Airbnb®, Luminoso®, Recorded Future®, Tamr™, and Yelp®, and agencies across the U.S. intelligence community, use Rosette to solve their toughest human language problems. For over 20 years, Basis Technology has been at the forefront of natural language processing applied to enterprise search, social listening, e-commerce, and e-discovery. Our cyber forensics team pioneers better, faster, and cheaper techniques to extract digital evidence, keeping government and law enforcement ahead of exponential growth of data volumes. For more information, visit www.basistech.com or write to [email protected].
SOURCE Basis Technology
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