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AFTAS 2020: MOST INNOVATIVE THIRD-PARTY TECHNOLOGY VENDOR (AI, MACHINE LEARNING
AND ANALYTICS)—BEHAVOX

   
 * 
 * * By Joanna Wright
   * 25 Jan 2021
   

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 * American Financial Technology Awards 2020

 * Topics
 * American Financial Technology Awards (AFTAs)
 * Awards & Rankings
 * American Financial Technology Awards 2020



Enterprise risk and compliance solutions provider Behavox experienced explosive
demand for its product in 2020, as the world’s sudden pivot to remote working
tested business continuity protocols and created new opportunities for employee
misconduct.

This is why the company—which offers a machine learning-powered platform that
helps firms aggregate and analyze enterprise communications data, including
email, messaging and voice, for risk assessment, regulatory compliance and fraud
monitoring—wins this AFTA for the second year in a row. “The coronavirus
accelerated the understanding that the workplace is no longer a place,” says
Erkin Adylov, Behavox founder and CEO. “It has become a digital realm, and the
laws of people don’t apply in that realm—it is a complete Wild West. And work is
not going to become less digital—firms are thinking that we need to bring the
same laws that govern our day-to-day lives to that digital realm, but they need
someone to organize all the data they generate.”

Early in 2020, Behavox received a $100 million investment from SoftBank, itself
a client. The company then signed up a number of the world’s largest banks and
asset managers, and doubled its headcount, as it moved into new territories
(Japan and the Nordics) and expanded its existing office in Montreal to
accommodate additional data scientists and engineers.

The company also managed to complete implementations in months that normally
would have taken far more time, with many customers taking advantage of the
cloud-based version of the platform. One implementation, at Danske Bank, took
just five months. 

This year, as the company grows, it is planning to enhance its platform with
Behavox Boost, a tool for modeling employee performance, and Motivate, which
analyzes “soft” concepts like team morale and the quality of team collaboration.



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MORE ON AWARDS & RANKINGS

 * 

WATERS RANKINGS 2023: BEST DATA ANALYTICS PROVIDER—RISKVAL FINANCIAL SOLUTIONS

Product/service: RVFI

 * 17 Jul 2023


 * 

WATERS RANKINGS 2023: BEST MARKET DATA PROVIDER—BLOOMBERG

Product/service: B-Pipe

 * 17 Jul 2023


 * 

WATERS RANKINGS 2023: BEST SELL-SIDE ORDER MANAGEMENT SYSTEM (OMS)
PROVIDER—BLOOMBERG

Product/service: Bloomberg TOMS

 * 17 Jul 2023


 * 

WATERS RANKINGS 2023: ALL THE WINNERS AND WHY THEY WON

WatersTechnology readers voted to determine the winners in 34 technology and
data categories that comprise this year’s virtual Waters Rankings.

 * 14 Jul 2023


 * 

WATERS RANKINGS 2023: BEST CORPORATE ACTIONS SOLUTION PROVIDER—SIX

Product/service: SIX Global Corporate Actions

 * 14 Jul 2023


 * 

WATERS RANKINGS 2023: BEST TRADING FLOOR COMMUNICATION SYSTEM PROVIDER—IPC
SYSTEMS

Product/service: Unigy

 * 14 Jul 2023


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WATERS RANKINGS 2023: BEST RECONCILIATION MANAGEMENT PROVIDER—DUCO

Product/service: Duco Platform

 * 14 Jul 2023


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WATERS RANKINGS 2023: BEST OUTSOURCING SERVICE PROVIDER—NORTHERN TRUST

Product/service: Northern Trust Integrated Trading Solutions (ITS)

 * 14 Jul 2023



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 2. Asia Awards 2023: Best reference data provider—S&P Global Market
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 3. Waters Wrap: Big Tech’s subtle plans for capital markets domination

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