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…
Quantexa joins Tomorrow Street to enable organisations to change the way they make millions of operational decisions every year
Tomorrow Street join Quantexa following successful $65m Series C funding round
Quantexa adds industry leaders to advisory board to support global growth drive
Former JP Morgan Chase CIO and ex-chairman of KPMG join Quantexa’s advisory board following successful $65m Series C funding round
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
Quantexa Brings Contextual Decision Intelligence to OFX to Fight Against Financial Crime
Leading foreign exchange and global payments provider OFX deploys Quantexa, utilizing Google Cloud Platform, to fight increasing industry financial crime risk and support regulatory obligations.
Standard Chartered and Quantexa Join Forces to Tackle Financial Crime With Contextual Decision Intelligence
HSBC Introduces Industry-Leading Financial Crime Detection Systems
HSBC Global Trade and Receivables Finance (GTRF) business has deployed an industry-leading Anti-Money Laundering (AML) system and an automated sanctions checking system as part of its ongoing efforts to improve financial crime detection.
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.
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.
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.