IBM and Semagix join for internet screening

NEW YORK – IBM and London-based Semagix are introducing an internet search tool that screens out money launderers, terrorists and "other known bad guys", officials say.

Big Blue and Semagix, which develops patented, semantics-based enterprise technology for banks and brokerage firms, combined efforts for the new application. The solution, Customer Identification and Risk Assessment (Ciras), is an offshoot of WebFountain, which has been under development by IBM Research for about three years. By early 2004, though, IBM began working with Semagix to offer the new WebFountain-based Ciras product for banks and financial institutions. In July, Ciras was rolled out

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