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Oversight Systems
Thought Leaders in Financial Technology: Terrence McCrossan, CEO of Oversight Systems (Part 3)
Sramana Mitra: When you look around, what are the open problems that you see from your vantage point? I ask this question to all the thought leaders that we bring on to this series. You’re doing one company but when you look around, you see other problems that if you were starting out, that may
Thought Leaders in Financial Technology: Terrence McCrossan, CEO of Oversight Systems (Part 2)
Sramana Mitra: When you look at Fortune 500 or Global 2000 customer base, what is the percentage of penetration of this kind of technology? Terrence McCrossan: Gartner’s data is probably the best proxy for market penetration. They estimate that just 5% of large organizations are using automated analysis tools as part of their audit process.
Thought Leaders in Financial Technology: Terrence McCrossan, CEO of Oversight Systems (Part 1)
The audit function at enterprises is ripe for automation. Read on to learn what’s happening. Sramana Mitra: Let’s start at the very beginning by introducing yourself as well as Oversight Systems. Terrence McCrossan: I’m the CEO of Oversight Systems. Oversight is an Atlanta, Georgia-based company that is a leader in AI-based process automation and transaction
Thought Leaders in Big Data: Interview with Patrick Taylor, CEO of Oversight Systems (Part 5)
Sramana Mitra: That is very difficult. In one domain you have all the heuristics. But the minute you switch domains, you don’t have that knowledge. Patrick Taylor: That is why I am saying who gets us into those domains is someone else. They are doing the sales function and the heuristics function. I think there
Thought Leaders in Big Data: Interview with Patrick Taylor, CEO of Oversight Systems (Part 4)
Sramana Mitra: Is this something that companies go out and look for? Is it something that all large MNCs put in place – some sort of fraud monitoring systems? Patrick Taylor: They don’t all have one in place now. SM: So your customers are all large MNCs? PT: Our customers are mostly large Fortune 1000
Thought Leaders in Big Data: Interview with Patrick Taylor, CEO of Oversight Systems (Part 3)
Sramana Mitra: You are tracking anomalous behavior at a business process level, and then you are correlating that back to individuals who repeatedly trigger such anomalous behavior? Patrick Taylor: That is correct. We are basically looking at it both ways: “Is there something wrong with this transaction?” Then, as I look over time, I ask
Thought Leaders in Big Data: Interview with Patrick Taylor, CEO of Oversight Systems (Part 2)
Sramana Mitra: Are you positioned today as a fraud detection company, or do you have a different, broader positioning? Patrick Taylor: Much broader than that. We are a continuous analysis company. Our software can operate on an ongoing basis. I need to be looking for this every day, and the sooner I find the problem,
Thought Leaders in Big Data: Interview with Patrick Taylor, CEO of Oversight Systems (Part 1)
Patrick Taylor is the chief executive officer of Oversight Systems, a Continuous Transaction Analysis platform for big data that helps businesses make smarter decisions. In this interview Patrick talks about how Oversight Systems’ platform is used to detect fraud and internal security flaws. Furthermore, he describes the platform’s capability of resolving problems and finding new
