Quantexa has won the 2021 Aite-Novarica Group AML Impact Innovation Award. This achievement recognizes Quantexa’s Contextual Decision Intelligence platform as an industry-leading fraud and anti-money laundering (AML) innovation. The award will be presented at Aite-Novarica Group’s virtual Financial Crime Forum on September 14 and 15, 2021.
The Fraud & AML Impact Innovation awards program seeks organizations that are deploying new initiatives, products, and upgraded capabilities to more effectively and efficiently counter the globally escalating financial crime landscape. Quantexa’s win was based on a series of criteria including level of innovation and competitive advantage, and financial crime risk detection and mitigation.
The winners are selected by a global panel of both internal and independent experts on fraud and AML. The identification of any Aite-Novarica Group award winner or finalist is not an endorsement by Aite-Novarica Group of any vendor, product, or service.
Quantexa’s winning anti-money laundering solution is powered by Contextual Decision Intelligence (CDI), which creates a connected view of data to reveal the relationships between people, places, and organizations. CDI fills the gap between data, analytics and decision outcome in order to reveal hidden risks, detect criminal activity faster, and reduce false positives by up to 75%.
“We are delighted to receive this award and be recognized by Aite-Novarica as one of the most innovative Fraud & AML providers, leveraging best-in-class Entity Resolution, Network Generation and AI technology. Aite-Novarica understands the power of connecting data and has become an invaluable supporter in our mission to help organizations make their data meaningful for more effective operational decision-making.”
Vishal Marria, CEO of Quantexa.
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