London, July 2018 – Quantexa, the enterprise intelligence scale-up, today announced a partnership with Deloitte the business advisory firm, to help organisations tackle financial crime.
Deloitte’s financial crime team and Quantexa will be joining their expertise and technology respectively, to use contextual monitoring and real-time entity resolution to flag potential money laundering activity within financial institutions.
Quantexa’s technology enables banks to analyse their customers’ wider networks in their full context, using internal, publicly available and transactional data to flag suspicious activity. This combined with Deloitte’s market-leading financial crime prevention expertise will allow financial institutions to more accurately detect potentially illegal activity and provide a complete understanding of the overall risk.
The partnership coincides with the appointment of Rob Wainwright, partner in cyber security at Deloitte, to oversee innovation in their financial crime processes. Wainwright was previously the executive director of Europol.
Vishal Marria, CEO at Quantexa, said: “We are delighted to be collaborating with Deloitte to progress the fight against financial crime. Our combined technology and subject matter expertise create a broader understanding of a bank’s customers, helping flag suspicious activity more accurately and better equipping banks to manage the risk of financial crime.”
Tom Scampion, EMEA Financial Crime Leader at Deloitte, added: “Deloitte is continuously innovating to help our clients tackle sophisticated financial criminal activity. We look forward to working closely with Quantexa in an intelligence-led approach to combatting financial crime.”
Featured in Global Banking & Finance Review, click here to read more.
You may be interested in…
Quantexa Provides ING with Solution to Strengthen and Automate Global Risk Coverage
ING is utilizing Quantexa’s Decision Intelligence Platform to continue advancing their world-class customer experiences.
Quantexa Named in the E2E Tech 100 List of UK’s Fastest Growing Tech Companies in Association with The Independent
Quantexa has been ranked 12th in the 2023 E2E Tech 100 list in association with The Independent.
Quantexa Expands Partnership with Google Cloud by Announcing Availability on Google Cloud Marketplace
Quantexa expands partnership with Google Cloud by announcing availability on Google Cloud Marketplace.
Decision Intelligence Leader & AI Innovator Quantexa Raises Valuation to $1.8 Billion With Completion of Series E Funding Round
Quantexa has closed a $129 million Series E funding round taking the company’s valuation up to $1.8 billion.
Quantexa Acquires Aylien an Award-Winning Provider of AI-Based Risk & Market Intelligence Solutions
Quantexa announces that it has acquired Aylien, a Dublin-based leader in natural language processing (NLP) and advanced AI.
Quantexa Adds Financial Services and Technology Heavyweights to its Advisory and Board of Directors
Quantexa announces the appointment of Sarah Diamond to its board of Directors, and Gay Huey Evans to its Advisory Board.
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.