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TECH: Spark’ing an Anti Money Laundering Revolution

Abhishek MehtaMarch 17 2015

Tresata and Databricks announced a real-time, Spark and Hadoop-powered Anti-Money Laundering solution earlier today. Tresata’s predictive analytics application TEAK, offers for the first time in the market an at-scale, real-time AML investigation and resolution engine.

The performance, speed, predictive power and precision TEAK delivers would not have been possible without its Spark underpinnings.

Additionally, by being one of the first business applications to be certified to run on Databricks Cloud, Tresata’s TEAK is breaking new ground and offering Banks, Retailers, Telcos & Regulators the only quick start, rapidly scalable AML solution.

Tresata has always been at the leading edge of developing industry leading data analytics applications for complex, critical and crucial business processes. It was the first analytics application company powering its entire software with Hadoop, was the first to use cascading, the first to use scalding, and the first to use Spark. In keeping with the ‘trend’, we are proud to be the first to use the Databricks Cloud for deploying a core industry application.

When our application engines became one of the first to be “Certified on Spark”, we immediately saw the massive productivity boost our customers achieved leveraging a 100% Spark-powered analytics platform. This gave us an incentive to work closely with Databricks to also enable one of our recent analytics applications to work on the Databricks Cloud, especially given the enormity of the challenge.

For the rest of CEO Abhishek Mehta’s post, head to the Databricks blog.

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