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
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
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
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,
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