Quantexa named ‘Best KYC Data Solution’ at RegTech Insight APAC AwardsDec 23rd, 2022
Quantexa recognized for its ability to help customers meet increasingly complex regulatory requirements in the global financial sector
December 23rd, 2022 — Quantexa, the global leader in Contextual Decision Intelligence (DI) solutions for the public and private sectors, has today announced it has been awarded Best KYC Data Solution at the 2022 RegTech Insight APAC Awards.
The RegTech Insight Awards highlights and rewards solutions that have successfully improved a firm’s ability to effectively respond to evolving and increasingly complex regulatory requirements across the global financial services sector.
With laborious onboarding, refresh and remediation processes, Know Your Customer (KYC) compliance challenges are growing. Quantexa’s Decision Intelligence Platform plays an essential role in helping financial institutions to continuously evaluate customer and counterparty risk scores throughout the customer lifecycle, helping them to unify, contextualize, and act on their data to tackle these compliance challenges.
The platform, which plays an essential role in helping organizations recognize and contextualize the hidden relationships between people, customers, companies, and places they work with daily has made it possible to increase efficiency and effectiveness by breaking down barriers between previously siloed KYC processes.
For banks, insurers and other financial institutions, this results in benefits such as reduced KYC costs, an improved understanding of customers, and better, faster decision-making across customer acceptance, identification, activity monitoring, and risk management processes.
The win follows the recent Celent Model Risk Manager Award, which was awarded to Quantexa’s client, ABN AMRO bank in the Netherlands for its use of Quantexa’s technology. Quantexa’s AI-powered analytics solution significantly improved ABN AMRO’s data quality and enhanced the efficiency and intelligence for KYC investigations. Additionally, Quantexa was also recently positioned by Chartis as a Category Leader in the KYC Solutions 2022 Market Quadrant Update and Vendor Landscape.
Dan Higgins, CPO, at Quantexa said: “Quantexa is honored and immensely proud to win ‘Best KYC Data Solution’ at the RegTech Insight APAC Awards. This award is another industry recognition of our KYC capabilities. It is especially exciting to win in one of our core growth markets, by helping customers tackle a range of challenges.”
Quantexa is a global data and analytics software company pioneering Contextual Decision Intelligence that empowers organizations to make trusted operational decisions by making data meaningful. Using the latest advancements in big data and AI, Quantexa’s platform uncovers hidden risk and new opportunities by providing a contextual, connected view of internal and external data in a single place. It solves major challenges across data management, KYC, customer intelligence, financial crime, risk, fraud, and security, throughout the customer lifecycle.
The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. Founded in 2016, Quantexa now has more than 500 employees and thousands of users working with billions of transactions and data points across the world. The company has offices in London, New York, Boston, Washington DC, Brussels, Toronto, Singapore, Melbourne, and Sydney. For more information, contact Quantexa here or follow us on LinkedIn.