IBM Surveillance Insight for Financial Services V1.0 delivers a cognitive and holistic solution for monitoring all trading-related activities with greater efficiency and accuracy

IBM United States Software Announcement 215-500
December 8, 2015

Table of contents
OverviewOverviewPublicationsPublications
Key prerequisitesKey prerequisitesTechnical informationTechnical information
Planned availability datePlanned availability dateOrdering informationOrdering information
DescriptionDescriptionTerms and conditionsTerms and conditions
Product positioningProduct positioningPricesPrices
Program numberProgram number 

 


(Corrected on January 6, 2016)
A web link was corrected under "Publications."



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At a glance
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IBM® Surveillance Insight for Financial Services uses integrated analytics to combine trade data with electronic communications to help improve efficiency and accuracy of surveillance results. It applies a reasoning engine to traders’ long-term behavior to detect anomalies from various ‘weak signals’ and provide risk estimation to compliance officers. Surveillance Insight for Financial Services also delivers near-real-time alerts from large-scale stream data and enables front office supervision to investigate anomalies.



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Overview
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IBM Surveillance Insight for Financial Services is a cognitive and holistic solution for monitoring all trading-related activities. It improves upon current surveillance process results and delivers alerts with greater efficiency and accuracy.

Surveillance Insight for Financial Services is based on a reasoning engine that goes beyond a traditional rules-based alert system. This holistic solution integrates information from multiple data sources, such as trading data and electronic communication, resulting in learning models that are continuously updated. It learns anomalies from data, by comparing traders’ behavior with self, population, and affinity groups. This cognitive reasoning engine also hierarchically correlates the causality of semantic events, to predict the potential upcoming risk. Information and alerts are delivered through effective and easy-to-use visualization tools.

Surveillance Insight for Financial Services uses IBM Advanced Analytics including:

  • Graph computing
  • Big data analytics and reasoning
  • Natural language processing
  • Sentiment analysis
  • Stream analysis
  • Semantic analysis

This analysis can scale to handle large volumes of transactions.

The surveillance capabilities help identify new patterns by linking various information with trader profiles, enabling you to "know your trader."

By deploying Surveillance Insight for Financial Services, you can improve the accuracy of alerts, reduce false positives and negatives, and improve the efficiency of investigations.



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Key prerequisites
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IBM Open Platform with Apache Hadoop

For details, refer to the Technical information section for additional information.



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Planned availability date
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December 22, 2015



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Description
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IBM Surveillance Insight for Financial Services delivers a cognitive and holistic solution for monitoring all trading-related activities. The solution improves current surveillance process results and delivers greater efficiency and accuracy.

  • Surveillance Insight for Financial Services is based on a reasoning engine that goes beyond a traditional rules-based alert system. It utilizes Bayesian inference and a Markovian feature to better detect anomaly sequences that extend over long-term observations from various sources.
  • Surveillance Insight for Financial Services allows the fusion of information from multiple data sources, for example trades and electronic communication, resulting in learning models that are continuously updated. It utilizes a multimodal approach to determine weak signals over a period of time in identifying potential anomalous behavior. Factors that contribute to anomalous behavior may include trading behavior anomalies compared to all sorts of peers and self, communication anomalies such as discussing something suspicious before or after trades, and outside public events from news and social media.
  • Information and alerts are delivered through effective and easy-to-use visualization tools. Surveillance Insight for Financial Services deploys various visualization techniques that can handle large multivariate and heterogeneous graphical representations and transition network graphs to provide the most easily understandable representation of the underlying evidence data. It also demonstrates various anomaly statistics and raw data statistics to help compliance officers and front office supervisors with investigation.
  • Surveillance Insight for Financial Services uses IBM Advanced Analytics, including graph computing, big data analytics and reasoning, natural language processing, sentiment analysis, stream analysis, and semantic event analysis. It includes a large-scale real-time graphing tool that can handle and analyze trillions of linked pieces of data. A novel reasoning engine and analytics pipeline enable it to handle various cognitive tasks. And natural language processing capability enables it to understand text information and to distinguish ambiguous terms based on context and knowledge graphs. It includes sentiment analysis capability to understand emotions. Stream analysis provides filters to handle very large amounts of streaming data such as trades. Semantic event analysis applies machine learning to map anomaly signals to human events.
  • Analysis is provided in real time and can scale to handle large volumes of transactions. Surveillance Insight for Financial Services is built on a flexible architecture that can accommodate different data stores and middleware across clusters. It handles the three big data fundamental aspects -- volume, velocity, and variety -- with respective technologies of IBM InfoSphere® BigInsights®, IBM InfoSphere Streams, and IBM System G. BigInsights is based on the Apache Hadoop technology. Streams and System G are based on years of IBM Research collaboration with the US government to solve very difficult challenges in large-scale stream processing and large-scale anomaly detection on various big data streams that are correlated and linked.
  • The real-time supervision and surveillance capabilities help identify new predictive patterns on the trade data and link various information with trader profiles, enabling you to "know your trader." Surveillance Insight for Financial Services utilizes various forms of electronic communications and social media to build a complete profile of each trader, analyzing personality and behavior as compared to peer groups.
  • Deploying Surveillance Insight for Financial Services will improve accuracy of alerts, reduce false positives and negatives, and improve efficiency of investigations. The reasoning engine that deploys a large-scale latent Markovian Bayesian network greatly reduces false positives and negatives and makes risk prediction a reality.


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Product positioning
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This is the initial trading surveillance solution for Financial Services.



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Program number
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Program name Program number
IBM Surveillance Insight for Financial Services 5725-Y79


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Offering Information
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Product information is available via the Offering Information website

http://www.ibm.com/common/ssi

Also, go to the Passport Advantage® website

http://www.ibm.com/software/passportadvantage



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Publications
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No publications are shipped with this program. Documentation and information can be found at IBM Knowledge Center.

The IBM Knowledge Center portal is located at

http://www.ibm.com/support/knowledgecenter/SSWTQQ_1.0.0



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Services
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Software Services

IBM Software Services has the breadth, depth, and reach to manage your services needs. You can leverage the deep technical skills of our lab-based Software Services team and the business consulting, project management, and infrastructure expertise of our IBM Global Services team. Also, we extend our IBM Software Services reach through IBM Business Partners to provide an extensive portfolio of capabilities. Together, we provide the global reach, intellectual capital, industry insight, and technology leadership to support a wide range of critical business needs.

To learn more about IBM Software Services or to contact a Software Services sales specialist, go to

http://www.ibm.com/software/sw-services/



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Technical information
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Specified operating environment

Hardware requirements

None

Software requirements

The IBM Open Platform with Apache Hadoop must be downloaded and installed before installing the IBM BigInsights Data Scientist module included with IBM Surveillance Insight for Financial Services.

For instructions on how to install the IBM Open Platform with Apache Hadoop, see

http://www.ibm.com/support/knowledgecenter/SSPT3X_4.1.0/com.ibm.swg.im.infosphere.bigin sights.install.doc/doc/bi_install_iop_biginsights.html

IBM Elite Support for Apache Hadoop 5725-V21 PID is not required. It is an optional purchase if you want to purchase support for Apache Hadoop from IBM.

The program's specifications and specified operating environment information may be found in documentation accompanying the program, if available, such as a readme file, or other information published by IBM, such as an announcement letter. Documentation and other program content may be supplied only in the English language. Such information is provided subject to the following Statement of Good Security Practices: IT system security involves protecting systems and information through prevention, detection, and response to improper access from within and outside your enterprise. Improper access can result in information being altered, destroyed, misappropriated, or misused, or can result in damage to or misuse of your systems, including for use in attacks on others. No IT system or product should be considered completely secure and no single product, service, or security measure can be completely effective in preventing improper use or access. IBM systems, products, and services are designed to be part of a lawful, comprehensive security approach, which will necessarily involve additional operational procedures, and may require other systems, products, or services to be most effective.

Important: IBM does not warrant that any systems, products, or services are immune from, or will make your enterprise immune from, the malicious or illegal conduct of any party.

Planning information

Packaging

There is no physical media for this offering. Electronic download is available from Passport Advantage.

This program, when downloaded from a website, contains the applicable IBM license agreement and License Information, if appropriate, which will be presented for acceptance at the time of installation of the program. For future reference, the license and License Information will be stored in a directory such as LICENSE.TXT.



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Ordering information
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This product is available only via Passport Advantage. It is not available as shrinkwrap.

This product may only be sold directly by IBM or by authorized IBM Business Partners for Software Value Plus.

For more information about IBM Software Value Plus, go to

http://www.ibm.com/partnerworld/page/svp_authorized_portfolio
To locate IBM Business Partners for Software Value Plus in your geography for a specific Software Value Plus portfolio, go to
http://www.ibm.com/partnerworld/wps/bplocator/

Product Group: Analytics Solutions

Product: IBM Surveillance Insights™ for Financial Services (5725-Y79)

Product Category: Surveillance Insights

Passport Advantage

IBM Surveillance Insight for Financial Services V1.0

PID 5725-Y79

Description Part number
IBM Electronic Communication Surveillance Analytics per Eligible Participant License + SW Subscription & Support 12 Months D1KW9LL
IBM Electronic Communication Surveillance Analytics per Eligible Participant Annual SW Subscription & Support Renewal E0MC6LL
IBM Electronic Communication Surveillance Analytics per Eligible Participant SW Subscription & Support Reinstatement 12 Months D1KWALL
IBM Surveillance Insight for Financial Services per Install License + SW Subscription & Support 12 Months D1KW7LL
IBM Surveillance Insight for Financial Services per Install Annual SW Subscription & Support Renewal E0MC5LL
IBM Surveillance Insight for Financial Services per Install SW Subscription & Support Reinstatement 12 Months D1KW8LL
IBM Trade Surveillance Analytics per Eligible Participant License + SW Subscription & Support 12 Months D1KWCLL
IBM Trade Surveillance Analytics per Eligible Participant Annual SW Subscription & Support Renewal E0MC8LL
IBM Trade Surveillance Analytics per Eligible Participant SW Subscription & Support Reinstatement 12 Months D1KWDLL
IBM Electronic Communication Surveillance Analytics per Eligible Participant Monthly License D1KWFLL
IBM Surveillance Insight for Financial Services per Install Monthly License D1KWELL
IBM Trade Surveillance Analytics per Eligible Participant Monthly License D1KWGLL

IBM Elite Support for Apache Hadoop

PID 5725-V21

Description Part number
IBM Elite Support for Apache Hadoop Unlimited Contacts SW Support 12 Months D1G8TLL

Charge metric

Program name Program number Charge unit description
IBM Surveillance Insights™ 5725-Y79 Eligible Participant
    Install

Metric definition

Eligible Participant is a unit of measure by which the Program can be licensed. Each individual or entity eligible to participate in any service delivery program managed or tracked by the Program is an Eligible Participant. Licensee must obtain sufficient entitlements to cover all Eligible Participants.

Install is a unit of measure by which the Program can be licensed. An Install is an installed copy of the Program on a physical or virtual disk made available to be executed on a computer. Licensee must obtain an entitlement for each Install of the Program.



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Terms and conditions
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The information provided in this announcement letter is for reference and convenience purposes only. The terms and conditions that govern any transaction with IBM are contained in the applicable contract documents such as the IBM International Program License Agreement, IBM International Passport Advantage Agreement, and IBM Agreement for Acquisition of Software Maintenance.

This product is available only via Passport Advantage.

Licensing

IBM International Program License Agreement including the License Information document and Proof of Entitlement (PoE) govern your use of the program. PoEs are required for all authorized use. Part number products only, offered outside of Passport Advantage, where applicable, are license only and do not include Software Maintenance.

Agreement for Acquisition of Software Maintenance

These programs are licensed under the IBM Program License Agreement (IPLA) and the associated Agreement for Acquisition of Software Maintenance, which provide for support with ongoing access to releases and versions of the program. IBM includes one year of Software Subscription and Support (also referred to as Software Maintenance) with the initial license acquisition of each program acquired. The initial period of Software Subscription and Support (also referred to as Software Maintenance) can be extended by the purchase of a renewal option, if available. These programs have a one-time license charge for use of the program and an annual renewable charge for the enhanced support that includes telephone assistance (voice support for defects during normal business hours), as well as access to updates, releases, and versions of the program as long as support is in effect.

License Information number

License information number

  • L-JKAN-A3ARLJ - IBM Financial Services Surveillance V1.0

The program's License Information will be available for review on the IBM Software License Agreement website

http://www.ibm.com/software/sla/sladb.nsf

Limited warranty applies

Yes

Limited warranty

IBM warrants that when the program is used in the specified operating environment, it will conform to its specifications. The warranty applies only to the unmodified portion of the program. IBM does not warrant uninterrupted or error-free operation of the program or that IBM will correct all program defects. You are responsible for the results obtained from the use of the program.

IBM provides you with access to IBM databases containing information on known program defects, defect corrections, restrictions, and bypasses at no additional charge. For further information, consult the IBM Software Support Handbook found on

http://www.ibm.com/support/handbook
IBM will maintain this information for at least one year after the original licensee acquires the program (warranty period).

Program technical support

Technical support of a program product version or release will be available for a minimum of three years from the general availability date, as long as your Software Subscription and Support (also referred to as Software Maintenance) is in effect.

This technical support allows you to obtain assistance (via telephone or electronic means) from IBM for product-specific, task-oriented questions regarding the installation and operation of the program product. Software Subscription and Support (Software Maintenance) also provides you with access to updates (modifications or fixes), releases, and versions of the program. You will be notified, via announcement letter, of discontinuance of support with 12 months' notice. If you require additional technical support from IBM, including an extension of support beyond the discontinuance date, contact your IBM representative or IBM Business Partner. This extension may be available for a fee.

Money-back guarantee

If for any reason you are dissatisfied with the program and you are the original licensee, you may obtain a refund of the amount you paid for it, if within 30 days of your invoice date you return the program and its PoE to the party from whom you obtained it. If you downloaded the program, you may contact the party from whom you acquired it for instructions on how to obtain the refund.

For clarification, note that (1) for programs acquired under the IBM International Passport Advantage offering, this term applies only to your first acquisition of the program and (2) for programs acquired under any of IBM's On/Off Capacity on Demand (On/Off CoD) software offerings, this term does not apply since these offerings apply to programs already acquired and in use by you.

Volume orders (IVO)

No

Passport Advantage applies

Yes, and through the Passport Advantage website at

http://www.ibm.com/software/passportadvantage

Usage restriction

Yes

Any usage restrictions will be included in the program's License Information available for review on the IBM Software License Agreement website

http://www.ibm.com/software/sla/sladb.nsf

Software Subscription and Support applies

Yes. Software Subscription and Support (also referred to as Software Maintenance) is included with licenses purchased through Passport Advantage and Passport Advantage Express®. Product upgrades and Technical Support are provided by the Software Subscription and Support offering as described in the Agreements. Product upgrades provide the latest versions and releases to entitled software and Technical Support provides voice and electronic access to IBM support organizations, worldwide.

IBM includes one year of Software Subscription and Support with each program license acquired. The initial period of Software Subscription and Support can be extended by the purchase of a renewal option, if available.

While your Software Subscription and Support is in effect, IBM provides you assistance for your routine, short-duration installation and usage (how-to) questions, and code-related questions. IBM provides assistance via telephone and, if available, electronic access, only to your information systems (IS) technical support personnel during the normal business hours (published prime shift hours) of your IBM support center. (This assistance is not available to your end users.) IBM provides Severity 1 assistance 24 hours a day, 7 days a week. For additional details, consult your IBM Software Support Handbook at

http://www.ibm.com/support/handbook
Software Subscription and Support does not include assistance for the design and development of applications, your use of programs in other than their specified operating environment, or failures caused by products for which IBM is not responsible under the applicable agreements.

For additional information about the International Passport Advantage Agreement and the IBM International Passport Advantage Express Agreement, visit the Passport Advantage website

http://www.ibm.com/software/passportadvantage

Note that technical support for the no-cost IBM Open Platform with Apache Hadoop is not included, but is available for a fee under the IBM Elite Support for Apache Hadoop program, which may be ordered at the same time as IBM Surveillance Insight for Financial Services.

IBM Operational Support Services - SoftwareXcel

No

Other support

Passport Advantage

System i Software Maintenance applies

No

Variable charges apply

No

Educational allowance available

Not applicable



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Statement of good security practices
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IT system security involves protecting systems and information through prevention, detection, and response to improper access from within and outside your enterprise. Improper access can result in information being altered, destroyed, or misappropriated or can result in misuse of your systems to attack others. Without a comprehensive approach to security, no IT system or product should be considered completely secure and no single product or security measure can be completely effective in preventing improper access. IBM systems and products are designed to be part of a lawful, comprehensive security approach, which will necessarily involve additional operational procedures, and may require other systems, products, or services to be most effective.

Important: IBM does not warrant that any systems, products, or services are immune from, or will make your enterprise immune from, the malicious or illegal conduct of any party.



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Prices
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Business Partner information

If you are an IBM Business Partner -- Distributor for Workstation Software acquiring products from IBM, you may link to Passport Advantage Online for resellers where you can obtain Business Partner pricing information. An IBM ID and password are required.

https://www.ibm.com/software/howtobuy/passportadvantage/paoreseller

For Passport Advantage information and charges, contact your IBM Representative or authorized IBM Business Partner. Additional information is available on

http://www.ibm.com/software/passportadvantage/


Passport Advantage

For Passport Advantage information and charges, contact your IBM representative or authorized IBM Business Partner for Software Value Plus. Additional information is also available on

http://www.ibm.com/software/passportadvantage

IBM Global Financing

IBM Global Financing offers competitive financing to credit-qualified customers to assist them in acquiring IT solutions. Offerings include financing for IT acquisition, including hardware, software, and services, from both IBM and other manufacturers or vendors. Offerings (for all customer segments: small, medium, and large enterprise), rates, terms, and availability can vary by country. Contact your local IBM Global Financing organization or go to

http://www.ibm.com/financing

IBM Global Financing offerings are provided through IBM Credit LLC in the United States, and other IBM subsidiaries and divisions worldwide to qualified commercial and government customers. Rates are based on a customer's credit rating, financing terms, offering type, equipment type, and options, and may vary by country. Other restrictions may apply. Rates and offerings are subject to change, extension, or withdrawal without notice.

Financing from IBM Global Financing helps you preserve cash and credit lines, enables more technology acquisition within current budget limits, permits accelerated implementation of economically attractive new technologies, offers payment and term flexibility, and can help match project costs to projected benefits. Financing is available worldwide for credit-qualified clients.

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Insights is a trademark of IBM Corporation in the United States, other countries, or both.

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Other company, product, and service names may be trademarks or service marks of others.

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