Dun & Bradstreet Partner With Big Data Company Quantexa to Tackle Financial CrimeNov 20th, 2019
Dun & Bradstreet and Quantexa have announced a new partnership that aims to empower businesses to make better, context-driven decisions using innovative data and analytics to provide a detailed picture of connected relationships.
Global commercial data & analytics firm Dun & Bradstreet, and Quantexa, the contextual decision intelligence software and solutions company, have joined forces to help identify and tackle financial crime by providing market-leading data and network analytics to help firms stay compliant in today’s regulatory environment.
By connecting Dun & Bradstreet’s rich corporate insights data with Quantexa’s contextual decision intelligence platform, the partnership will enable an enhanced view of business relationships using machine learning and artificial intelligence to identify potential corrupt or fraudulent activity. This will unlock deeper insights for decision-making through next-generation entity resolution and network analytics, increasing the effectiveness of customer due diligence and compliance with ‘Know Your Customer’ regulations.
Having a complete and transparent view of linkages between individuals and business entities is critical to help detect and prevent illicit activity, such as money laundering. Combining the power of data and network analytics will deliver more detailed context on business relationships to highlight potential risk and drive more accurate, cost-effective, and faster business decisions.
CEO of Quantexa, Vishal Marria said: “We are delighted to be partnering with Dun & Bradstreet, where our contextual decision intelligence technology combined with its commercial data solutions offers firms an unparalleled insight into their customer and supplier data. This is key to reducing risk in a world where unstructured data growth in businesses is unprecedented.”
Brian Alster, General Manager of Third-Party Risk Management at Dun & Bradstreet, said: “The world is more interconnected than ever, and having a full and transparent picture of business relationships is critical to manage risk, identify opportunity and make better decisions. Bringing together our data and Quantexa’s network analytics provides a powerful tool to support compliance activities and accelerate growth.”