SEBI seeks to promote monitoring of social media and other platforms through a web intelligence tool using artificial intelligence and data analytics to check violations of various securities laws by individuals, groups and other entities. In this regard, the capital markets regulator has invited Expression of Interest (EoI) from solution providers to implement, install and maintain a ‘web intelligence tool’, according to a public notice.
Noting that the use of internet has increased exponentially over the past few years, which has resulted in the generation of huge amount of unstructured publicly available data on the web, SEBI said that this unstructured data includes various entities, individuals, groups and individuals. Has the potential to provide insights about in-depth investigation. Subjects relating to violation of various securities laws. Manual extraction and analysis of massively unstructured publicly available data to reveal actionable insights is usually time-consuming, tedious and has limited efficacy.
According to the notice, “SEBI is looking for a web intelligence tool that will enable AI (Artificial Intelligence) to extract and analyze unstructured publicly available data to gain in-depth intelligence about various entities, individuals, groups and subjects.” ) based solutions. The new tool is expected to save time, simplify the analysis process and improve efficiency in the overall testing process.
The regulator said the tool should be able to collect unstructured publicly available data from the web, including public websites, social media platforms, open source databases, among others with respect to relevant entities, individuals, groups and subjects. . The tool should enable investigators to easily analyze large amounts of complex unstructured data using its AI and data analytics capabilities.
Must have the ability to visualize data in the form of network charts to find insights about connections between relevant entities, individuals and groups. The visualization should be interactive and allow the users to work with the data as per the requirement of the user.
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The tool should generate ready-made reports based on defined report templates, and users should be able to create and modify report templates without any coding requirements. The regulator said interested parties can submit bids by October 3. Recently, SEBI has detected a large number of insider trading and front-running cases where ‘mule accounts’ were being used with the help of latest technology tools.
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