Nick Donofrio Joins Big Data Firm Quantexa as Chairman
Written by Quantexa
Published: 12th Sep 2017
Former IBM EVP joins board to guide innovation and international expansion
Quantexa, the high growth big data start-up, today announced Nick Donofrio, former EVP of Innovation and Technology at IBM, as their new Chairman. Donofrio will support the company’s ongoing strategy as it expands into international markets.
Quantexa, which raised $3.3 million in funding in March 2017, enables organisations to make better decisions from their data. Its revolutionary technology is based on the latest developments in Big Data software and uses real-time entity resolution with network analytics and AI to knit together vast and disparate data sets and derive actionable intelligence. The company is headquartered in London, with offices in Brussels and Sydney.
During his 44 year tenure at IBM, Nick was credited as a pioneer in technology innovation, leading the company’s global technology strategy and establishing IBM as a market leader.
Donofrio serves on several company boards, notably Liberty Mutual and Bank of New York Mellon. Additionally, he is a fellow of the Royal Academy of Engineering in the UK and was voted one of Business Week magazine’s 25 Top Innovation Champions.
On his appointment, Nick Donofrio said: “I am thrilled to be joining Quantexa at such an exciting time in their national and international growth. Their pioneering, revolutionary technology is quickly pushing them to the forefront of Entity Resolution and Network Generation and I am looking forward to working with the team as we continue to provide innovation and value to our clients.”
CEO of Quantexa, Vishal Marria, commented: “The market demand for truly understanding customers, their relationships and applying advanced analytics, continues to grow. Nick’s unrivalled experience in building market-leading technologies will ensure that Quantexa meets that demand and continues to deliver the best possible value to our customers. He joins the Quantexa team at an exciting time as we expand into new markets, including the U.S.”
COO of Quantexa, Imam Hoque, added: “I am delighted that Nick has chosen to join the Quantexa Board, highlighting the potentially transformational nature of Quantexa’s entity resolution and network analytics technology.”
You may be interested in…
Deloitte and Quantexa Partner to Tackle Global Illicit Finance and Economic Crime Risk
Deloitte will utilise Quantexa’s Contextual Decision Intelligence (CDI) platform to enable its clients to leverage technology and analytics as part of robust Economic Crime Governance and Risk Management Frameworks.
Danske Bank Deploys Quantexa’s AI Platform For Financial Crime Detection
Danske Bank uses Quantexa’s platform to uncover the real-world context in data to detect financial crime and improve investigations.
Quantexa Joins Award-Winning Innovation Center Tomorrow Street
Quantexa’s technology provides powerful insights to businesses by identifying relationships between entities and hidden links within Tomorrow Street’s data sets.
Quantexa Adds Industry Leaders To Advisory Board To Support Global Growth
Former JP Morgan Chase CIO and ex-chairman of KPMG join Quantexa’s advisory board following successful $65m Series C funding round
Quantexa Appoints Laura Hutton as New Chief Customer Officer
Quantexa has appointed Laura Hutton as new Chief Customer Officer to accelerate our commitment to putting the voice of the customer at the center of the organization.
Quantexa Raises $64.7m in New Series C Funding to Drive Hyper-Growth in Big Data and Analytics Ecosystem
Additional investments will expand quantexa’s global and industry footprint and its contextual decision intelligence platform as category-leading technology
Reduce the tax gap, identify fraud and non-compliance, and operate as efficiently as possible with limited resources.
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.
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.
Understand your customers, their business structures and supply chains. Make better lending decisions, faster. And support digital risk transformation.
Know Your Customer
Reduce significant manual effort across onboarding, refreshes and remediation. Automate checks, implement continuous monitoring, and focus on contextual decision making.
Generate a complete view of the context around your customers and prospects to build better relationships, reduce attrition and find hidden opportunities.
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.
See how we help to reduce costs and improve coverage for financial crime compliance.
See how our platform uses contextual analysis to turn data into a high value asset.
See how our platform uses financial crime technology to enhance your existing IT ecosystem.