PLEASANTON, CA, USA, March 25, 2024 /EINPresswire.com/ -- Ultipa, Inc., a leading innovator in graph database technology, and the category-definer of Graph XAI, proudly announces a series of successful closures of commercial real-time graph DBMS deals with a major central bank and several financial-industry regulators. The deals were to provide Ultipa's real-time graph databases for cryptocurrency fraud detection and money-flow tracing.

Ricky Sun, CEO of Ultipa, expressed his enthusiasm, stating, "Central Banks, regional Monetary Authorities, and Fin Regulators are collecting lots of data, and it makes best sense to analyze and gain insights from these data in a connected fashion. People call this "network analytics" -- but graph database is the most ideal technology to conduct network analytics. And, Ultipa, being the ONLY real-time capable graph database is designed to handle network analytics in real-time and with ultra-deep traversal capabilities."

Ricky added that, "On top of the deep traversal and real-time query and graph-algorithm-running capabilities, Ultipa's integrated Graph DBMS, the Ultipa Manager, provides high-visualization capabilities, and is high extensible. The regulators and central bank customers have been looking for such capabilities in traditional BI software with no avail. Now they can get both the much-needed graph computing power and the data and results visualization with ease...".

Given the sensitivity nature of the business conducted by the regulators and central bank, the Director of Cryptocurrency Investigation Center making comments on Ultipa requested to stay in anonymity, he says, "We have been looking for high-performance and scalable graph solutions over the past several years, initially we engaged several knowledge graph players and realized their systems do NOT carry the performance, or deep traversal capabilities that we must require. Luckily, we found Ultipa, we have been following their progress for a while, and we invited them over for PoC, and we were, honestly speaking, so pleased to see that Ultipa is a two-for-one deal, meaning, we get both high computing power to process billion-scale data set, and high visualization capabilities. The high-dimensional results from graph query are often times required to be visualized, for instance, hundreds of fraudsters are connected over a large web of crypto transactions, to help our investigators to understand their complex relationships, intuitively!".

Related reports:

https://www.einpresswire.com/article/697640150/ultipa-secures-new-real-time-graph-database-deals-with-central-banks-and-regulators

About Ultipa:

Ultipa is a Silicon Valley-based next-generation graph XAI and database company, extending its operations in EMEA and APAC. The team at Ultipa firmly believes that the fusion of graph augmented intelligence and XAI is a catalyst for empowering enterprises in their digital transformation journey. This process necessitates the convergence of data intelligence and infrastructure revolution. 

Ultipa builds the leading graph XAI and database products, enabling the swift devlopment of killer applications in various domains such as Real-time Fraud Detection, Asset Liability Management (ALM), Liquidity Risk Management (LRM), Low-code Graph-augmented AI+BI Platform, Data Governance (RDA), and more. Ultipa has garnered support from prestigious sovereign wealth funds and venture capital firms worldwide.