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…

Independent Research Firm’s Master Data Management Landscape 2023 Report Lists Quantexa Among Notable Vendors
Quantexa has been recognized as a notable vendor in the Forrester report, The Master Data Management Landscape, Q1 2023.

Enterprise Decision Makers Recognize Data Isn’t Trusted When Making Decisions In Their Organization
New research reveals the top priorities for UK Data and IT decision makers in 2023 as they drive strategic, operational, and tactical decisions during global uncertainty

Cutting Edge Data and AI Tech to Help Government Hunt Down Fraudsters
Quantexa’s Decision Intelligence Platform will be implemented to fight economic crime, targeting public services and modernizing the civil service.

QuanCon 2023: Protect, Optimize, Grow
QuanCon, an exclusive conference for executives and organizational decision makers, will take place on February 28th, 2023, at London’s Royal College of Surgeons

Quantexa named ‘Best KYC Data Solution’ at RegTech Insight APAC Awards
Quantexa has been awarded Best KYC Data Solution at the 2022 RegTech Insight APAC Awards. Learn more about the recent win.

Quantexa Positioned as a Category Leader in 2023 Chartis RiskTech 100 Report for Trade-Based Money Laundering Solutions
Quantexa’s Decision Intelligence Platform has been recognized as a category leader in the Chartis RiskTech100 report for Trade-Based Anti-Money Laundering Solutions.
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

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.

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.