Quantexa Partners with Deloitte in Fight Against Financial Crime
Written by Quantexa
Published: 17th Jul 2018
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…
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
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.
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.