LONDON, July 11, 2018 /PRNewswire/ --
Datamaran - the global leader in Software as a Service (SaaS) solutions for non-financial risk management - has announced today that three of its patent applications have been published with their approval pending. Through its technology, Datamaran enables a systematic and thorough monitoring and analysis of Environmental Social Governance (ESG) risks.
The three patents Datamaran has applied for in 2016 have now been published and are available on the World Intellectual Property Organisation website - the United Nations' agency that oversees and promotes the protection of intellectual property. The patents support the company software's backbone as they cover its business intelligence, regulatory and data processing methods and systems. As a result of years of collaboration between the leading ESG and risk management experts as well as data scientists and technology professionals, these inventions protect Datamaran's proprietary technology.
Recently appointed to the EU Technical Expert Group on sustainable finance, Dr Andreas Hoepner - a leading financial data scientist, professor of operational risk, banking and finance at University College Dublin (UCD) - said: "Datamaran's technology is unique and currently has no alternatives, in my view, in the regulatory and reporting space. It systematizes complex unstructured non-financial data with these published patent applications in an easy to digest way and enables data-driven decision making. Datamaran's approach provides a unique and a very insightful perspective into regulatory, strategic and reputational risks as well as reporting patterns."
The patent publications are timely as they fit into the overall market sentiment - the World Economic Forum's (WEF) Global Risks Report 2018 argues that four of the top five risks facing companies are non-financial.
The patents include:
1."A method and system for providing business intelligence" (WO2016203229) refers to the company's non-financial or ESG issues ontological (dictionary) framework.
This invention relates to a computer-implemented method of providing business intelligence. The method includes a collection of publicly available non-financial data (unstructured "big" data) and identifying its relevance to the company through the narrative analytics.
2."A method and systems for locating regulatory information" (WO2016203230) refers to Datamaran's regulatory database of non-financial issues that captures both voluntary initiatives and mandatory legislation or, in other terms, soft and hard law.
3."A method and systems for processing data using augmented natural language processing engine" (WO2016203231) refers to Datamaran's systemic approach to issues-centric analysis across sources.
The patent relates to a NLP technique of processing data that includes issues analysis from multiple perspectives and categorizing them into strategic, regulatory and reputational risks and opportunities.
Speaking of the patent publication, CEO and Co-founder of Datamaran Marjella Alma noted: "A new approach to Enterprise Risk Management is required that takes into account non-financial issues in a systematic and data-driven way. I believe our ontologies and research systems contribute greatly to supporting this shift by creating an approach to systematically analyze ESG."
Datamaran is the global leader in Software as a Service (SaaS) solutions for non-financial risk management.
The team is composed of ESG and risk management experts as well as data scientists and technology professionals. Datamaran's proprietary software enables data-driven decision-making.
The company captures evidence-based insights for more than 7,000 companies and tracks all regulatory initiatives worldwide. Datamaran's AI sifts and analyzes extensively publicly available sources such as corporate reporting, regulations, news and social media.
Datamaran's global clientele of blue-chip companies have replaced the dated and expensive manual processes used for benchmarking, materiality and risk analysis as well as issues monitoring.
The insights customers gather are used across multiple business teams (governance, risk, compliance, sustainability) to identify and monitor risks and opportunities and to inform corporate strategy.
Datamaran is a well-known and trusted partner of established advisory firms that use the service to augment their consulting offerings.
If you would like to learn more about Datamaran please email firstname.lastname@example.org or call on +44-2077029595.