BNY Mellon has completed a strategic investment in Quantexa, to close its series D led by Warburg Pincus, a leading global growth investor, and a growing group of blue-chip investors.
As part of the investment, Joseph Sieczkowski, CIO of Engineering and Architecture, BNY Mellon, will be joining the Quantexa board, and Eric Hirschhorn, Chief Data Officer, BNY Mellon, is joining Quantexa’s advisory board.
Quantexa’s latest strategic investment follows a successful 12-month engagement with BNY Mellon using Quantexa’s platform and includes an expanded relationship focused on data fabric innovation at the bank. The companies are utilizing Quantexa’s strengths in Master Data Management, Entity Resolution, Graph Network Intelligence and AI to deliver innovative solutions for clients.
After leveraging Quantexa’s technology, the synergies for BNY Mellon became obvious, and we participated in its series D round of funding. We’re excited to collaborate on a number of new data and analytics technology innovations, which will directly benefit our customers and support Quantexa’s technology as we set new standards across banking, data management, and risk and compliance together.
Joseph Sieczkowski, CIO of Engineering and Architecture, BNY Mellon
Data analytics is going through a revolution, as organisations seek to make their data more meaningful to drive trusted operational decision making, with never-before possible levels of efficiency and accuracy. It is this opportunity Quantexa is seizing through its North American expansion and innovative projects.
We feel exceptionally fortunate to have found not only a great client in BNY Mellon expanding our footprint in North America, but also an innovative collaborator. We’re thrilled with the opportunity to work alongside Joe and Eric whose experience and expertise will be invaluable as we scale to meet increasing demand in enterprise IT and data environments.
Vishal Marria, CEO, Quantexa
You may be interested in…
Quantexa Appoints Global Technology Consulting Leader as New Chief Product Officer
Quantexa has appointed Dan Higgins as its new chief product officer to have executive responsibility for Quantexa’s product and solution management organization and strategy.
Sky News | Quantexa: Fighting Financial Crime with AI [Interview]
Vishal Marrie, (CEO Quantexa) features live on Sky News to discuss how AI is helping firms fight financial crime and money laundering.
Data Decision Gap Risks Holding Back Economic Recovery, Global Research Finds
Learn how to close the data decision gap in the first-ever Data in Context report based on interviews with 750 IT and data decision-makers.
Quantexa Evolves Technology to Help Enterprises Face Data Explosion
The latest version of the Quantexa platform hones capabilities to reduce friction in big data exploration, boost efficiency and deliver deep insights.
UK Government to Fight Financial Crime with Contextual Decision Intelligence
The Cabinet Office selects Quantexa’s CDI technology to help the UK Government in the fight against financial crime.
KPMG in the UK & Quantexa Collaborate to Deliver Contextual Decision Intelligence Solutions
KPMG will deploy Quantexa’s CDI software to enable clients to unlock the power of their data and combat an international financial crimewave.
Related Solutions
Tax Authorities
Reduce the tax gap, identify fraud and non-compliance, and operate as efficiently as possible with limited resources.
Anti-money laundering
Reveal hidden risks and detect criminal activity faster. Reduce false positives to manage the cost of compliance. And improve investigations to make faster and more consistent decisions at scale.
Customs Agencies & Border Control
Contextual Decision Intelligence enables faster decisions, increased revenue collection and enhanced compliance. The Quantexa platform enables Customs and Border agency teams to analyze data successfully, automate and accelerate decision-making, and achieve improved results.
Fraud
Identify potentially fraudulent activity by looking at people or transactions in isolation. Understand the context surrounding the organizations you do business with to make fast, accurate decisions.
Fraud, Waste & Abuse
Empower your team with the best tools available for today’s challenges to identify and prevent fraud, waste and abuse with contextual decision intelligence software.
Credit Risk
Understand your customers, their business structures and supply chains. Make better lending decisions, faster. And support digital risk transformation.
Customer Intelligence
Generate a complete view of the context around your customers and prospects to build better relationships, reduce attrition and find hidden opportunities.
Revolutionize Your Financial Crime and Fraud Detection with Syneo
Syneo Investigations
Enhance the efficiency, effectiveness and consistency of your operational and complex investigations to empower your teams to expose and understand risk faster.
Master Data Management
Connect all data—internal and third party—to create a joined-up, contextual view of all the relationships between your customers and every other domain.
Compliance
See how we help to reduce costs and improve coverage for financial crime compliance.
CDO
See how our platform uses contextual analysis to turn data into a high value asset.
CIO
See how our platform uses financial crime technology to enhance your existing IT ecosystem.
Healthcare
Reduce the tax gap, identify fraud and non-compliance, and operate as efficiently as possible with limited resources.
Syneo for Contextual Monitoring
Reveal hidden risks and detect criminal activity faster. Reduce false positives to manage the cost of compliance. And improve investigations to make faster and more consistent decisions at scale.
Unified CRM Solution
Know Your Customer
Reduce significant manual effort across onboarding, refreshes and remediation. Automate checks, implement continuous monitoring, and focus on contextual decision making.
Growth and Retention
Contextual Engagement
Generate a complete view of the context around your customers and prospects to build better relationships, reduce attrition and find hidden opportunities.
Data Management
Connect all data—internal and third party—to create a joined-up, contextual view of all the relationships between your customers and every other domain.
Connected Customer View
Generate a complete view of the context around your customers and prospects to build better relationships, reduce attrition and find hidden opportunities.