Dun & Bradstreet Partner With Big Data Company Quantexa to Tackle Financial Crime
Written by Quantexa
|
Published: 20th Nov 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.”
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
Better decisions start here
See how our Contextual Decision Platform transforms every operational decision you make.
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.
Know Your Customer
Reduce significant manual effort across onboarding, refreshes and remediation. Automate checks, implement continuous monitoring, and focus on contextual decision making.
Customer Intelligence
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.
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.