Financial Crime Analytics: Aite Report

Key Takeaways
  • Financial crime activity is accelerating at an unprecedented pace, and currently, the good guys are losing the war. The United Nations Office on Drugs and Crime estimates that between 2% and 5% of global gross domestic product is laundered annually, which translates to between US $800 billion and US $2 trillion per year.
  • Firms require the ability to ingest large volumes of data from multiple sources, reconcile the data into a single customer view, and uncover the networks within the data that can underpin models to detect patterns indicative of financial crime and other risks.
  • The good news is that technology has progressed rapidly over the past few years, and a variety of advanced analytical techniques can help banks turn their data into intelligence.
Quantexa’s Solution

Quantexa’s entity resolution, dynamic segmentation, and link analysis technology is a leading solution for the major challenges organizations face in financial crime, customer insight, and data analytics. Our technology fully addresses key functionality across automated ETL validation, entity resolution, dynamic segmentation, and network link analysis. We offer investigative search, global privacy data compliance, integrated platform, open standards, and can scale up to 60 billion records.

Read more about our capabilities and why our solution is a leader for financial crime detection:

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