Giant Oak Wins 2020 Red Herring Top 100 North America Award for the Second Year in a Row
by Pinkston, on Nov 18, 2020 8:00:00 AM
Giant Oak recognized for its Machine Learning screening tool, GOST®, for adverse media and sanctions screening.
Giant Oak was recognized for the innovation and market adoption of GOST®, a revolutionary search and retrieval tool that uses machine learning and artificial intelligence to make threat detection faster and more accurate. In its work, GOST’s ranking capabilities enable users to focus on a small, precise set of entities, making GOST users 600% more effective and at higher levels of efficiency.
“The entire team at Giant Oak feels honored with this repeat recognition from Red Herring for our GOST technology. As cybercrime increases, we’re seeing that many of the systems that government agencies and financial institutions have in place are not able to effectively vet or verify the identity and claims of applicants,” said Gary M. Shiffman, founder and CEO of Giant Oak. “With behavioral science on top of new AI and ML technologies, screeners and analysts can finally feel empowered to secure our safety and the integrity of the financial system.”
Winners for this award are among the world’s brightest and most innovative private ventures. Giant Oak was chosen by Red Herring’s editorial team after a process that considered criteria including disruptive impact, proof of concept, financial performance, market footprint, and quality of management.