GOST, by Giant Oak, Wins Big at 2021 A-Team Innovation Awards
by Pinkston, on Mar 24, 2021 8:34:05 AM
Giant Oak awarded most innovative AML/financial crime compliance initiative for GOST
ARLINGTON, Va. - Giant Oak, a behavioral science-led machine learning company focusing on the security needs of the financial industry and the federal government, is honored to have its flagship product, GOST®, named a winner of A-Team Innovation Awards as the most innovative anti-money laundering and financial crime compliance technology.
GOST is the trusted machine learning and artificial intelligence solution enabling detection of previously unknown threats with efficiency and effectiveness. GOST focuses on the most important entities, making GOST users more than 500% more effective at higher levels of efficiency. The United States Patent and Trademark Office recently issued a patent for GOST, solidifying the technology's role as a serious and trusted innovation.
“I am incredibly proud of the creative and brilliant Giant Oak team and grateful for this recognition from the A-Team Innovation Awards,” said Gary M. Shiffman, PhD, CEO and founder of Giant Oak and Consilient. “The Giant Oak scientists and engineers, supported by our customer success professionals, have GOST operating at amazing levels of performance. The progress in the last 12 months has been simply amazing. Machine learning-based screening technologies like GOST provide extremely valuable information to financial institutions and government agencies; the market is increasingly adopting new technologies to detect bad actions such as money laundering and human trafficking.”
The A-Team Innovation Awards recognize innovative approaches and solutions by the vendors of data and technology solutions to the financial industry, with a specific focus on data management, trading technology and RegTech suppliers. The winners are selected by global readers of A-Team Insight and their financial user advisory board.
For more information on Giant Oak and their proprietary technology, GOST, please visit: www.giantoak.com.
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