Cognyte Customer Wins Ministry of Defense Innovation Award for Operational Success Countering Terror Financing

Recognition reflects the innovative use of Cognyte’s AI and advanced analytics to help investigators connect fragmented data for faster, more effective counter terror financing operations

HERZLIYA, Israel--(BUSINESS WIRE)--Cognyte Software Ltd. (NASDAQ: CGNT) (“Cognyte”), a global leader in software-driven technology for investigative analytics, today announced that a Tier-1 military intelligence agency customer in the Europe/Middle East/Africa (EMEA) region was recognized with a National Ministry of Defense Innovation Award for operational excellence in countering terror financing.

The Innovation Award recognizes proven success in defense and security operations that advance innovation, demonstrate measurable operational impact and address complex national security challenges. This year’s competition included more than 40 submissions from across the country’s Ministry of Defense, with winners selected following an in-depth evaluation by a senior judging panel comprised of experts from academia, industry, the defense sector and government.

The award reflects the customer’s new ability to apply advanced analytics and artificial intelligence (AI) capabilities to address the evolving challenge of terror financing. As funding mechanisms become more sophisticated and increasingly leverage digital platforms, encrypted communications, blockchain, cryptocurrency and open-source channels, investigative teams face growing difficulty connecting fragmented data, identifying blind spots and uncovering the financial networks that enable terrorist activity.

The solution supporting the awarded operation is built on Cognyte’s AI-driven investigative analytics and decision intelligence platform. By connecting the customer’s diverse open-source, financial, and contextual data sources within a single analytical workspace, the platform helped investigators eliminate blind spots and establish a more complete view of financial activity. Advanced analytics and AI were applied to surface hidden patterns, resolve entities across datasets, automate repetitive tasks and queries and generate actionable intelligence that investigators could prioritize and act upon with greater speed and confidence.

“This recognition highlights the customer’s innovation and operational leadership in addressing a critical national security challenge,” said Lior Kohavi, General Manager at Cognyte. “By using Cognyte’s AI and advanced analytics platform to connect fragmented data and expose hidden relations, investigative teams transform information into actionable intelligence, so they are better equipped to identify, follow and neutralize complex money trails and financing networks.”

About Cognyte

Cognyte is a leading software-driven technology company, focused on solutions for data processing and investigative analytics that allow customers to generate Actionable Intelligence for a Safer World™. Cognyte’s solutions empower law enforcement, national security, national and military intelligence agencies, and other organizations to navigate an increasingly complex threat landscape. With offerings that leverage state-of-the-art technology, including Artificial Intelligence (AI), big data analytics and advanced machine learning, Cognyte helps customers make smarter, faster decisions with their data for successful outcomes. Hundreds of customers rely on Cognyte’s investigative analytics solutions to uncover critical insights from past events and anticipate emerging threats. By harnessing AI-driven intelligence, Cognyte accelerates investigations with exceptional speed and accuracy while enabling customers to better investigate, anticipate, predict and mitigate risks with greater precision. Learn more at www.cognyte.com.