Breaking Wave, Deutsche Bank’s innovative Fintech, chooses Relativity Track for compliance monitoring
Fintech will use the AI-powered communication monitoring product to strengthen risk detection
CHICAGO, 2 August 2022 /PRNewswire/ — Relativity, a global legal and compliance technology company, today announced that Breaking Wave, a Deutsche Bank company building a digital future for the bank and its customers, has implemented Relativity’s AI-powered communication monitoring product Relativity Trace to advance their compliance and regulatory efforts. Relativity Tracking proactively detects regulatory misconduct such as insider trading, collusion and other non-compliant behaviour.
With the implementation of Relativity Trace, Breaking Wave will be able to leverage AI capabilities to improve its automated risk detection focusing on risks such as venue change, hate and discrimination, and collaborative behaviour. The product’s award-winning, AI-powered data cleansing capabilities will dramatically reduce false positives and improve reviewer accuracy and speed for Breaking Wave. The current AI capabilities combined with Relativity’s plans to continue upgrading AI solutions for compliance teams were fundamental in Breaking Wave’s decision to adopt Relativity Trace.
By distributing Relativity Trace, Breaking Wave has access to 50 pre-built guidelines that allow them to save time and resources by not having to build their own. Each policy leverages advanced lexicons, metadata and machine learning to identify risks and reduce false positives. The guidelines were built by industry experts and refined through testing across real financial services industry corporate communications. The pre-built guidelines were the key to an efficient and easy implementation within two months.
“We are delighted that Breaking Wave, an organization focused on innovation in financial services, has implemented Relativity Trace to manage their compliance process and detect potential misconduct before it happens,” said Jordan Domash, general manager of relativity tracking. “The solution’s out-of-the-box workflows and policies enabled their teams to save time on manual setup and complete implementation in just two months. We look forward to seeing how Breaking Wave will continue to take advantage of Relativity’s advanced AI capabilities and use them to their daily workflows.”
Designed to receive the latest and greatest technology available, Breaking Wave is a client with cloud-only data sources. Relativity Trace provided Cloud Connectors that enabled Breaking Wave to deploy the software quickly and without on-premise infrastructure.
“As an engineering-led company, we’re always looking for ways to use technology to automate our processes and implement our controls; Relativity Trace helps us be compliant with minimal effort,” said Gillian Benge, Chief Operating Officer at Breaking Wave. “We were looking for cutting-edge technology that could use AI capabilities to remove the noise and provide relevant information via an intuitive user interface – and Relativity Trace delivered.”
About relativity
Relativity creates software to help users organize data, discover the truth and act on it. The RelativityOne SaaS product manages large amounts of data and quickly identifies key issues during litigation and internal investigations. The AI-powered communications monitoring product, Relativity Trace, proactively detects regulatory misconduct such as insider trading, collusion and other non-compliant behaviour. Relativity has more than 300,000 users in approximately 40 countries serving thousands of organizations globally, primarily in the legal, financial services and public sectors. Contact Relativity at [email protected] or visit for more information.
SOURCE Relativity
